At the end of last year to the beginning of this year, the newly elected U.S. President Trump made many promises to the Bitcoin and encryption industries during the election and before taking office, directly boosting one wave after another of the crypto market frenzy. Although Trump did not 'burn bridges after crossing the river' as some comments suggested after taking office, he rather constructively implemented various favorable information encryption policies promised earlier. However, the roller-coaster market of family memecoins like TRUMP, combined with factors such as tariffs, created a complex environment leading the market sentiment from enthusiasm to panic, triggering much controversy.