On April 27, BiyaPay analysts stated that inspired by Trump's dinner, the TRUMP coin has risen by 75.7% in the past week, currently trading at $14.93. While the event's potential impact may further drive up the price, investors should note that meme coins inherently lack substantial value support, and negative news could severely impact TRUMP coin, thus requiring caution.
According to NBC, Democratic Senator Jon Ossoff recently publicly supported impeaching Trump at a local town hall meeting, regarding Trump's plan to host a private dinner for meme coin holders. Ossoff emphasized that the dinner involves potential conflicts of interest and may violate federal ethics regulations. Besides Ossoff's criticism, opposition within the US political landscape is common. Senator Chris Murphy directly stated on platform X: "This is the most blatantly corrupt act a president has done." Additionally, Tony Carrk, executive director of Accountable.US, criticized Trump for "publicly inviting investors to bid for proximity to the president," effectively turning presidential authority into a personal business tool.
However, some cryptocurrency investors and Trump supporters highly appreciate this move. They believe Trump's action demonstrates his innovative thinking as the "crypto president" and will directly promote the United States becoming a "Bitcoin superpower" through direct investor interaction. Eric Trump, representing the Trump group, expressed pride that "TRUMP" meme coin has become the "current hottest digital meme", emphasizing the family's successful layout in the cryptocurrency field.
BiyaPay, as the world's first multi-asset trading wallet, has demonstrated unique value by enabling instant exchange between 30 fiat currencies and 200 digital currencies. Users can directly participate in US/Hong Kong stock markets through 1:1 USDT to USD exchange, with zero transaction fees for spot/contract Makers.
