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Cryptocurrency News Articles
Trump Effect: SOL, ETH, USDT, BTC, and Coinbase Attract the Most Attention in Crypto Market, According to Kaito
Jan 20, 2025 at 12:55 pm
Solana has gained attention as Donald Trump issued the official meme coin 'TRUMP' on Solana. As a result, Solana once surpassed the $290 mark, reaching an all-time high. Currently, Solana is trading at $239.93 on CoinMarketCap, down 8.42% from the previous day.
The top five cryptocurrency-related keywords currently attracting the most attention, according to the top gainers on Kaito, an AI-based Web3 search platform, as of the 20th are:
- Solana (SOL)
- Ethereum (ETH)
- Tether (USDT)
- Bitcoin (BTC)
- Coinbase
Solana has gained attention as Donald Trump issued the official meme coin 'TRUMP' on Solana. As a result, Solana once surpassed the $290 mark, reaching an all-time high. Currently, Solana is trading at $239.93 on CoinMarketCap, down 8.42% from the previous day.
Ethereum has caught investors' attention as World Liberty Financial (WLFI), led by the Trump family, reportedly purchased 14,403 ETH (totaling $48 million) in just half a day. Currently, Ethereum is trading at $3,256.06 on CoinMarketCap, down 1.19% from the previous day.
Tether (USDT) has garnered interest following an announcement to expand its U.S. operations after Trump's inauguration. Previously, Paolo Ardoino stated in an interview with Bloomberg that "once regulatory clarity is established following Donald Trump's inauguration as U.S. President, we will expand our U.S. operations."
Bitcoin is speculated to have increased online mentions as price volatility expanded with Trump's inauguration approaching. This morning, Bitcoin fell below the $100,000 mark but quickly rebounded, currently trading at $102,289.06 on CoinMarketCap. Meanwhile, according to The Block, Trump claimed that "the stock market surged after the U.S. presidential election, and Bitcoin hit consecutive all-time highs," attributing it all to the 'Trump effect.'
Coinbase has drawn attention by adding Trump's official meme coin TRUMP to its roadmap. It is already understood that Binance has listed TRUMP perpetual futures.
Additionally, investors are showing interest in Fartcoin, Fantom (FTM), USD Coin (USDC), Raydium (RAY), and COW Protocol.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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