Odaily Planet Daily News CZ said in a podcast interview on Tuesday that TRUMP coin is a very interesting phenomenon. "I think its emergence reflects a feature of the crypto market, that is, it responds very quickly to hot events and celebrity effects. As a highly controversial figure, Trump's name alone can attract a lot of attention. So, the popularity of this token is somewhat expected.
However, from the perspective of investment and long-term value, I would be more cautious. Many of these types of tokens are more based on hype than real technological innovation or fundamental support. I think it is important for investors to distinguish which projects have real potential and which are just short-term hype. The crypto market has matured a lot, but this celebrity-related token craze also reminds us that market sentiment is still a big driving factor."
In addition, CZ said that the news cycle often has a certain impact on the rise and fall of tokens. "Especially for new entrants to the industry, they may feel that the crypto market is more like a speculative place than a technology-driven ecosystem. But on the other hand, this also illustrates the inclusiveness of the crypto market-anyone can participate and any idea can be tried. This is both its advantage and its challenge."