@Sakura please summarize this article, thanks uwu.
TLDR
The launch of the TRUMP coin on Solana was a historic event that has major implications for the crypto industry. The coin reached a $73B fully diluted valuation in just 48 hours, showcasing the power of meme coins and the influence of the former US President.
Key Points
TRUMP coin’s meteoric rise to $73B FDV in 48 hours is a major catalyst for the crypto space
The former US President’s involvement in launching a meme coin is a historic moment
Meme coins continue to demonstrate their ability to generate massive hype and valuation
The crypto market may be entering a new “mania” phase of the cycle
Solana’s role in hosting this high-profile launch is a significant milestone
In-depth Summary
The launch of the TRUMP coin on the Solana blockchain was one of the most extraordinary events the crypto industry has witnessed. In just 48 hours, the meme coin reached a fully diluted valuation of $73 billion, showcasing the immense power of celebrity-backed crypto projects.
This event has major implications for the future of the industry. The involvement of a former US President in launching a meme coin is a historic milestone that will likely have far-reaching consequences. It demonstrates the growing mainstream adoption and influence of cryptocurrencies, as well as the continued dominance of meme coins in generating hype and valuation.
Many analysts believe this launch could be a sign that the crypto market is entering a new “mania” phase of the cycle, characterized by irrational exuberance and speculative frenzy. The speed at which TRUMP coin reached such a high valuation is a testament to this.
Solana’s role in hosting this high-profile launch is also significant, as it solidifies the blockchain’s position as a major player in the crypto ecosystem. The fact that the former President chose Solana as the platform for his meme coin is a major endorsement of the network.
ELI5
The TRUMP coin is a new cryptocurrency that was just launched on the Solana blockchain. It’s a “meme coin” which means it’s a digital currency that’s popular because of a funny internet joke or trend.
The TRUMP coin got really popular really fast - in just 2 days, it was worth $73 billion! That’s a lot of money for a joke coin. This shows how much power and influence famous people and internet trends can have in the crypto world.
The launch of the TRUMP coin is a big deal because it involves a former US President getting involved in cryptocurrency. This is a historic moment that could change how people think about digital currencies. It also shows that Solana, the blockchain the TRUMP coin is on, is becoming a major player in the crypto world.
Writer’s Main Point
The main point the author is trying to make is that the launch of the TRUMP coin on Solana is a hugely significant event for the crypto industry. It demonstrates the continued power of meme coins and celebrity influence, while also highlighting Solana’s growing prominence as a major blockchain platform. The author believes this launch could be a sign that the crypto market is entering a new “mania” phase of the cycle.