PANews reported on January 20 that Matrixport published a statement saying that the launch of $TRUMP coin over the weekend triggered a trading frenzy, and major centralized exchanges quickly followed suit and launched the coin. However, the $SMELANIA coin that followed quickly fell in price after a short boom, causing heavy losses to buyers on Sunday. This dramatic market volatility has driven a surge in global trading volume, with Binance's weekend trading volume soaring from $15 billion to $50 billion.

Matrixport believes that the surge in trading volume is related to multiple factors, including the dovish tone of the Federal Reserve meeting last week and President Trump's active support for cryptocurrencies. These factors have laid the foundation for the upward volatility of the market, and it is expected that 2025 may continue or even exceed the booming crypto industry in the past few years.