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Trump's post contains "$BIG," raising market concerns about him launching another meme coin.
On December 8, according to Trends News monitoring, Trump posted on Truth Social the day before, fiercely criticizing the legal predicament faced by NCAA (U.S. college sports): a judge with no knowledge or experience made a ruling that resulted in the NCAA and sports leagues conceding. Trump said this would bring “$BIG trouble.” Since the “$” symbol usually represents tradeable asset codes on social platforms, the community speculated that Trump might launch another meme coin. Based on updates from various platforms, the token that gained the most consensus after Trump’s post was BIG, which was created about 10 seconds after his post on the Solana network via the Bonk platform. As of press time, this token had 5,148 holders and reached a peak market cap of $5.3 million, but has since retraced to $360,000. BlockBeats reminds users that most meme coins lack real use cases, have significant price volatility, and investments should be made with caution.