ChainCatcher news, according to Decrypt, U.S. President Trump stated that he "doesn't know much" about his namesake meme coin TRUMP, causing significant market fluctuations. During a meeting with tech executives, Trump said, "I heard it’s very successful, but I haven’t really looked into it." Following these remarks, the TRUMP coin dropped 16% from a 24-hour high of $48.18 to $40.29, but then rebounded to above $43.37. Currently, TRUMP's market cap is approximately $8.7 billion, with a fully diluted valuation reaching $43.6 billion.The token had previously experienced significant volatility due to First Lady Melania Trump's launch of the competing meme coin MELANIA. On the day MELANIA was released, the price of TRUMP coin plummeted by 50%, while MELANIA surged by 12,000%. Additionally, according to Bubblemaps data, the token supply of TRUMP and MELANIA is concentrated in the hands of the issuers. An anonymous trader turned a $1 million investment into over $116 million through precise operations. Analysts warn that the Trump couple's meme coins may exacerbate the divisions in Congress regarding cryptocurrency, impacting the progress of crypto regulatory legislation.

ChainCatcher news, Gabor Gurbacs, founder of the digital asset company Pointsville, stated on social media that Trump should fire his cryptocurrency advisory team from top to bottom and replace them with people who truly understand the field.He pointed out that meme coins have already cost the United States, the presidency, and the Trump family a significant amount of credibility, and these effects are far from over.

ChainCatcher message, Slow Mist posted on platform X, a fake Trump account executed a scam of about 1.25 million dollars. The fake account posted at least 4 meme coins in tweets, which were deleted within minutes after being shared, and only accounts mentioned in those tweets were allowed to comment.

ChainCatcher news reports that the X account @TrumpDailyPosts has been attacked and is continuously posting Meme coin addresses. Please be cautious about your funds' safety.This account previously posted a fake meme coin POWER.It is reported that the Gas source of the creator's address and the meme Gas source posted by the stolen MetaMask co-founder Farcaster account in the morning are from the same platform.Previous news indicates that the MetaMask co-founder Farcaster account was hacked and promoted Meme coins, with the hacker profiting over 1000 SOL.

ChainCatcher message, U.S. President Trump announced on the X platform: "Introducing the new official meme coin POWER, a token provided for patriots who support my vision for a strong America. This is your opportunity to join the movement and defend the values that make America great."This message is fake news and not from Trump's official Twitter.

ChainCatcher news, according to Cointelegraph, the founder of the dark web Silk Road, Ross Ulbricht, posted on X warning cryptocurrency users not to invest in any meme coins named after him.Ulbricht stated: "I am not involved with or associated with any meme coins named after me. There is no official Ross coin."CoinMarketCap data shows that at least one token, ROSS, is named after Ulbricht and features his likeness, launched in May 2024, with its price significantly rising after the U.S. election day before Trump took office.

ChainCatcher news, according to Cointelegraph, U.S. House Financial Services Committee Democratic leader and California Congresswoman Maxine Waters responded to the concerns of many cryptocurrency users and lawmakers who accused Trump of launching a meme coin that undermines legitimate projects in the cryptocurrency industry.In a statement on January 20, Waters stated that Official Trump (TRUMP) represents "the worst side of crypto" and provides a case for regulators and policymakers to worry about the future of the cryptocurrency industry under the new presidential administration. She noted that after insiders of TRUMP sold off the tokens, investors would "pay the price," which has been accused of being a "rug pull."She also stated, "Even if buyers are deceived, the terms and conditions of the token prohibit them from filing a class-action lawsuit." She added, "The lack of transparency for buyers of this cryptocurrency is concerning. Through his meme coin, Trump has created a way to circumvent national security and anti-corruption laws, allowing parties to anonymously transfer funds to him and his inner circle."

ChainCatcher news, MetaMask posted on X: "The Farcaster account of its co-founder Dan Finlay has been compromised and used to promote a Meme coin. We have contacted the Farcaster team to assist in investigating this incident."According to SlowMist's Yu Sin, this Meme coin has already rug pulled, and the creator's address initial funds should have come from some mixing platform, having profited over 1000 SOL.

ChainCatcher message, billionaire entrepreneur and cryptocurrency advocate Mark Cuban stated on the X platform: "If meme coins are the trend of the future, maybe I will issue one. However, I will add a twist. The issuance terms will be the same as TRUMP: 20% circulation, the same release plan. But there is one difference. All proceeds from the token sales will go directly to the U.S. Treasury. The wallet address will be public so everyone can track the flow of funds. If you want to take a gamble, go ahead. But at least use this money to help reduce the U.S. debt."

ChainCatcher news, according to CNBC, LMAX market strategist Joel Kruger stated, "Trump's issuance of the meme coin TRUMP highlights his support for cryptocurrency and indicates that he believes Americans should have the freedom to participate in this emerging asset class.""There is a logic here that granting official recognition to what may be seen as the wildest crypto asset, the meme coin, is the best way to convey the U.S. government's support in embracing cryptocurrency and making the U.S. a major player in this field."On Monday, investors will focus on Trump's inauguration, paying attention to executive orders related to cryptocurrency.Kruger added that Bitcoin's new record opens the door for a potential rise to $130,000.

According to ChainCatcher news, official data shows that due to the popularity of Meme coins like TRUMP over the weekend and a surge in on-chain activities, deBridge has transferred a total asset value of 397 million USD in the past three days, with the number of cross-chain transactions exceeding 43,800.

ChainCatcher news, according to Solid Intel, the Meme coin TRUMP craze has driven the daily trading volume of Solana's decentralized exchange (DEX) to 10% of Nasdaq.

ChainCatcher news, according to Coindesk Japan, GFA Capital, a subsidiary of the GFA Group responsible for financial operations, announced on its website that it has purchased the meme coin "TRUMP" associated with the elected U.S. President Donald Trump, the meme coin "MELANIA" related to the First Lady, and meme coins associated with Elon Musk.GFA Capital announced the start of its cryptocurrency trading business last December. Since then, it has begun investing in Bitcoin (BTC) and altcoins.