Crypto Asset Markets Enter New Era with Trump Meme Coin

President Trump has issued a meme coin, bringing the cryptocurrency market to a new stage. According to Decrypto on the 20th (local time), the US investment bank Bernstein recently
The report said, "President Trump's inauguration has ushered in a new era of virtual assets," and "President Trump's independent issuance of meme coins has ushered in a new era of virtual asset regulation."
"It's a signal that cryptocurrency developers can innovate within the ecosystem, and politicians can receive donations from the public through cryptocurrency technology," Bernstein said.
Trump's meme coin "TRUMP," which was issued on the 17th, had a market capitalization of over $14 billion (about 2 trillion yen) at one point, but it quickly fell to 8 billion.
The price of the yen plummeted to $1,000,000 (approximately 1.2455 trillion yen).