President's Coin Anniversary, TRUMP: From Myth of 200 Billion Dollar 8-Hour Express to Over 90% Value Loss Desolation

By: theblockbeats.news|2026/01/18 02:30:13

BlockBeats News, January 18, today 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 on whether Trump's account had been hacked. Half an hour later, the TRUMP market cap surged to $1.5 billion, with a trading volume of $123 million. At 10:38, TRUMP experienced a short but steep drop, plummeting over 50%, and the market cap briefly touched $1.3 billion.

At 10:44, the market saw a turning point when Trump used his X account to repost tweets about the "launch of the official Meme coin TRUMP," dispelling the community's doubts about Trump's account being hacked. Subsequently, the TRUMP market cap skyrocketed, launching a Moonshot at 11:22, with the fully diluted valuation (FDV) skyrocketing to over $4 billion. At 11:29, TRUMP's FDV surpassed $5 billion, and at 13:07, after 3 hours of launching, FDV exceeded $10 billion. By 13:59, within 4 hours of launch, the FDV quickly passed $13 billion, reaching $16 billion by 14:13. Due to the intense market activity, Binance announced a suspension of SOL withdrawals.

By afternoon 18:11, TRUMP achieved a milestone of surpassing $20 billion in FDV within 8 hours, ranking fourth in the Meme coin market cap, following only DOGE, SHIB, and PEPE. The next day, TRUMP reached its peak price of around $77, corresponding to a fully diluted market cap of $770 billion, with a circulating market cap of approximately $154 billion. Today, TRUMP's price is now $5.3, with a market cap of only $24.5 billion and a fully diluted market cap of $53 billion, a total market cap drop of over 90% from its peak.

Trump's decision to issue a personal Meme token on the eve of his inauguration marks the deep involvement of political figures in the crypto space. The "President's Coin" ushered in an unprecedented hype cycle in the market but also triggered the largest interest conflict and moral condemnation to date. Behind the exhilarating myth of sudden wealth, millions of retail investors are left holding the bag as the frenzy subsides. Is the crypto market truly ruled by hype, or should it uphold the vision of decentralization, aiming to disrupt traditional finance and move forward? What has Trump really changed, bringing new value conflicts and reflections to the crypto space?

-- Price

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

In such a crowded cross-border payment arena, where is the next stop for the future?

Only by stepping into the mud can one have the chance to touch gold.

Why Is Bitcoin Down in 2026? What We Can Learn From 2022

Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat

The large models in the United States are moving towards closure in the name of security

The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

I never expected that the first application of AI x Crypto would be in security auditing

AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

What is your view on Binance's competitive advantages?

When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

ETH has entered a non-consensus phase, and the turning point is approaching!

This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today

It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX

The living space is constantly being compressed.

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained

Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?

Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline

Overview of Important Market Events on June 29

What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework