PANews reported on March 3 that crypto analyst Eugene said that he had held a large number of long positions before the news about Trump, but most of them have been closed now. He believes that when Bitcoin reached $80,000 and Solana reached $130, bulls were dominant, but now the market has become neutral. He expects that both long and short sides will face the risk of losses in the short term, and only cautious traders can make profits.

He also said that it is not yet certain whether the market will rebound or adjust, and plans to wait until March 7 to make a decision based on market trends. Before that, he will keep a light position to control risks. At the same time, he doubted whether Trump could push legislation related to Solana, Cardano and Ripple through Congress, but he also admitted that Trump has the ability to achieve his goals, which still needs to be observed in the future.

According to previous news, Tangent co-founder Darryl Wang admitted that Eugene was his smurf account and denied improper practices such as inflating sales and charging for publicity .