January 20 Market Dynamics: The market suffers a sharp decline, with the Trump family issuing coins and diverting funds; SOL chain faces severe congestion due to a surge in new users

Market Dynamics

1. The market plummets, with Trump family tokens draining altcoins. SOL chain is severely congested as numerous new users enter the market.

2. U.S. stocks closed on Monday for a holiday.

Market Focus

1. The MEME token TRUMP experiences a significant drop. The team sells $450 million in tokens to exchanges, with a price difference of up to 30% between on-chain and exchange prices. Melania and other Trump family members are releasing tokens, causing a capital outflow, with Melania's token pacing faster releases and achieving a market cap of $13 billion, surpassing TRUMP. The claim that TRUMP's 250U corresponds to the world's richest person is rather implausible.

2. The public blockchain SOL reaches new highs, with the SOLBTC exchange rate rising. SOL, akin to ETH during the 2017 ICO craze, has become a betting chip for on-chain MEMEs. It is highly likely that an SOL ETF will be approved, and SOL along with XRP could potentially become part of the U.S. strategic reserves.

3. The on-chain token FARTCOIN rises, showing robust performance post-adjustment. The team displays a strategic vision, making it easier for newcomers to understand and engage.