Presidential Coin Launch Anniversary: From $200 Billion Myth to 90% Value Loss, TRUMP's 8-Hour Express Dive

BlockBeats News, January 18. This morning last year at 10 a.m. (UTC+8), Trump announced the launch of his personal Meme coin TRUMP on Truth Social, with an initial market cap of $1 billion, triggering a crypto market frenzy. The community was divided over whether Trump's account was hacked, but within half an hour, TRUMP's market cap surged to $1.5 billion, with a trading volume of $123 million in that same timeframe. At 10:38, TRUMP experienced a brief sharp drop, plummeting over 50%, with the market cap briefly touching $1.3 billion.

At 10:44, a turning point occurred when Trump used the X account to repost tweets about the "launch of the official Meme coin TRUMP," dispelling the community's doubts about Trump's account being compromised. Subsequently, TRUMP's market cap skyrocketed, and by 11:22, Moonshot was launched, with the Fully Diluted Valuation (FDV) surging past $4 billion. At 11:29, TRUMP's FDV surpassed $5 billion, reaching $10 billion in FDV within 3 hours at 13:07, $13 billion in FDV within 4 hours at 13:59, and $16 billion in FDV at 14:13. Due to the intense market activity, Binance announced a suspension of SOL withdrawals.

By 18:11 in the afternoon, TRUMP achieved a milestone with an 8-hour $20 billion FDV, ranking fourth in the Meme coin market cap, behind only DOGE, SHIB, and PEPE. TRUMP reached its all-time high the next day at around $77, corresponding to a $770 billion fully diluted market cap, with a circulating market cap of approximately $154 billion on that day. Today, TRUMP is trading at $5.3, with a market cap of only $24.5 billion and a fully diluted market cap of $53 billion, a drop of over 90% from its peak.

Trump's choice to issue a personal Meme token on the eve of his inauguration marked a significant entry of a political figure into the crypto space. The "Presidential Coin" brought unprecedented hype to the market but also sparked the biggest conflict of interest and moral condemnation to date. Behind the exhilarating myth of sudden wealth, millions of retail investors paid the price for the hype retreat. The crypto market is at a crossroads: whether to prioritize hype or uphold the vision of decentralization, aiming to disrupt traditional finance. What has Trump truly changed, bringing forth new value disputes and reflections to the crypto sector.