On the eve of his impending presidency, Trump has done a big job for the American people and the world.In the last two days before the U.S. Constitution’s salary regulations came into effect on themselves, the Trump family took tens of billions of dollars from the currency circle through MEME coins.

“The US President leads the issuance of coins” is definitely an unprecedented event, and the $TRUMP token has unique popularity and wealth-making effect.In just one weekend, its daily trading volume on the Binance platform exceeded 10 billion US dollars, and even surpassed BTC for a time.From financial institutions on Wall Street to old men and women on the Bund, the whole world is asking how to rush into this feast.

Interestingly, this “American MEME currency” has made Chinese cryptocurrency speculators one of the largest profit-making groups.Since the token issuance time is the night of the Eastern United States, most American citizens did not seize this trading opportunity as soon as possible.According to on-chain data and social media information statistics, half of the more than 100 addresses that make more than one million US dollars come from the Chinese community.At the same time, due to controversy over laws and regulations and differences of opinion, Trump’s “sexy operation” also caused serious differences among crypto groups.

Review of the coin issuance process

On January 18, the incoming US President Trump posted on his social account, announcing the launch of his personal Meme currency $TRUMP, and users can access the Meme token by entering the official website.The website shows that TRUMP is the only “official Trump Meme Coin”.

The official website of gettrumpmemes shows that 80% of the supply of TRUMP coins is held by Fight Fight LLC, an entity jointly owned by a subsidiary of Trump Group, CIC Digital and CIC.The official website also stated that the initial issuance of TRUMP coins on the first day was 200 million pieces, and the issuance is expected to reach 1 billion pieces within three years, which will gradually increase in three years. CIC Digital and its affiliates will receive revenue generated from TRUMP trading activities.Lock for 3-12 months and unlock within the next 24 months.

At first, the market still had doubts about this news, speculating that Trump’s account might have been stolen, but a few hours later, the article still existed and did not deny the rumors. The TRUMP coin rose rapidly.Twelve hours after the token was issued, it traded at about $30 and the FDV was as high as $30 billion.As of 8 pm on January 19th, Beijing time, according to CoinMarketCap data, the price of TRUMP coins has risen to a maximum of US$85.2 in one day and a half time of issuance of coins, with a maximum market value of US$85.2 billion. Trump’s value has risen sharply.The net worth of US$68.16 billion (approximately RMB 498.93 billion), which is more than 10 times higher than its value before issuing the currency.On the 19th, Binance, Coinbase, and OKX also announced the launch of TRUMP (OFFICIAL TRUMP) spot trading.Except for Trump and the sol used to buy Trump, all other tokens were sucked and plummeted. The ETH price fell to US$3127, down 12% from the early morning of the 18th. Other meme tokens, AI agent tokens, etc. are allThere were different declines.

Source: CoinMarketCap

And when $Trump was as high as the peak of its fomo, Trump’s wife Melania also took advantage of the opportunity to launch her own cryptocurrency MELANIA on the Solana chain.On the 20th, Melania posted on social media that “Melania’s official Meme is online” and attached a purchase link.

Trump’s family’s follow-up currency issuance behavior seemed to give the market a heavy blow. Except for MELANIA, which rose to $120 market value under the fomo sentiment, all other currencies fell across the board, and TRUMP’s market value was cut from $76 billion to $35 billion, SOL fell directly from US$297 to US$235, and Bitcoin fell by 6% in a short period of time.The crypto community angrily claimed that the Trump family regarded cryptocurrency as their family’s “ATM”, blurring the boundaries between government roles and business interests, and using the president’s international influence to make profits for themselves.Many media have questioned the Trump family’s money issuance behavior and opposed and rebuked this behavior of making money.

While making a fuss, take over: Asian cryptocurrency trading young people who got rich VS American retail investors who paid for their faith

Hu Xijin, former editor-in-chief of China’s Global Times, tweeted comments on Trump’s issuance of coins and said: “Capitalism! It turns out that the presidency can be monetized like this! Mr. Trump has really opened my eyes, a person who lives in a socialist country.”But perhaps what makes this former professional media person even more eye-opening is that in addition to “rat trading” this time, the president’s money-making profits were Asian chain traders.

The following figure is a TRUMP trading trend chart based on Eastern Time. The issuance time is 9:00 pm on Friday, January 17, that is, 10:00 am on Saturday, Beijing time.As can be seen from the chart, the sharp price increase range from January 18 to 19 is concentrated in the Asian trading period.

New York Time TRUMP Trading Trend Chart

On January 18, after TRUMP issued coins for one hour and its market value exceeded US$100 million, the community counted the front profit address of TRUMP, and 10 Chinese KOLs made more than US$1 million.

Source: Lianzhi

When TRUMP’s market value rose to US$15 billion, just 4 hours after the issuance of coins, Chinese KOL 0xSun announced its TRUMP PnL on X, with a total cost of 3,010 SOLs and a profit of US$10 million.A day later, 0xSun transferred TRUMP to CEX for the last time PnL was updated to show it had earned $27.5 million.

“It’s 4 hours, and it’s also a 3-year-old sitting on the chain since entering the circle, with an average of more than 10 hours a day,” 0xSun wrote in a tweet.When TRUMP’s market value soared and exceeded US$30 billion, in addition to being surprised and lamenting that they did not get the bottom chips, some people in the Chinese community were reflecting on why they did not seize this opportunity.Christian, founder of 0xinfini, gave the answer. He believes that if the Solana chain does not have a certain capital and all in at the first time, it will not be possible to get big results on TRUMP.

In contrast, the performance of American retail investors seems to be more passive.There are much fewer public profit orders in the English community on Trump’s issuance, and even the top meme KOL Ansem left the market with a loss.

The address marked Ansem was purchased on the morning of January 19, Beijing time when TRUMP’s market value exceeded US$30 billion.At that time, the US crypto trading platform Kraken had just launched TRUMP spot trading.On January 20, before and after Robinhood announced the launch of TRUMP, Ansem increased its position to buy TRUMP. On January 21, Ansem cut its losses and sold all TRUMP, and the total loss was controlled within US$80,000.

In the video, American YouTuber voidzilla cursed directly, “This kind of behavior is unprecedented in terms of stupidity and fraud. It is simply shocking to use the days before the president takes office to build momentum for a hype project. It is only a matter of time before the inauguration ceremony.For two days, he should have been busy writing inaugural speeches rather than issuing meme coins. Using power to conduct such hype at a critical moment in the presidential campaign not only sets history, but also a blatant trampling on all moral bottom lines.”

But it still cannot withstand the attractiveness of the president’s signature to retail investors. On January 18 alone, Moonshot added about 400,000 new users.Twitter is full of posts about how to buy TRUMP using Moonshot, and even users complain about its operational complexity.In a discussion about how to buy, someone recommended using Phantom wallet, and another user replied, “I just want to save some cash or US dollars, but it has to let me buy SOL, Bitcoin, etc.”

As banks in the United States were unable to conduct large-denomination certificates of deposit or fund transfer business on weekends, it further restricted American investors’ profits on TRUMP. The lag in capital flows caused American retail investors to miss the key entry time window, becoming the later stage of currency price increase.liquidity provider.

On the one hand, Asian traders on the chain found the target at the right time and entered the market with heavy positions; on the other hand, the US currency speculator has a compliant Moonshot purchase channel and admiration for national leaders, so that they canIgnore early chips and are willing to become the president and big players with exit liquidity.

How much money did the Trump family make from the crypto market?

After Trump’s wife Melania released the token of the same name, the price of $Trump also fell back from $78 to $35.As the news of RobinHOOD launching $Trump rises again, the news in the past few days cooperates with market making, and we have to sigh at the terror of the capital cabal behind it, and silently cooperates with resources to apply every exit liquidity to the extreme.And this is not the first time the Trump team has made money on blockchain, but it is the most sensational one, so how much money the Trump team has made in the cryptocurrency field.

Cryptocurrency political donation

As a president who received political donations from cryptocurrencies, he accepted mainstream counterfeits on his official website in an unprecedented way, including BTC, ETH, SOL, and other mainstream counterfeits, and also accepted Memecoin such as Dogecoin. In the end, the cryptocurrency received was worth more than 400 yuan.10,000 dollars, and industry supporters in the crypto space have also received millions of dollars in traditional investments.

Making $20 million on NFT is just a small test

In December 2022, Trump announced the launch of his first Trump-themed NFT, which provided Trump’s various images, with a total of 45,000 copies sold for $99.Within 24 hours, NFTs sold out, directly bringing Trump $4.5 million.This also made Trump, who was not a pro-cryptocurrency faction at that time, tasted the sweetness.For products like this, the Trump team released four series “one of the rare special editions” on Polygon, as well as a series on Bitcoin, with nearly 200,000 Trump trading cards for NFTs for sale andRoyalties have brought more than $20 million in revenue to the Trump team.

The key driver behind the series is CIC Digital LLC, founded in 2021 by John Marion, a Trump lawyer for the company and Nick Luna, former consultant.NFT INT LLC, the publisher of “Trump Digital Trading Cards”, declared on its website that it is an independent entity and that “NFT INT LLC” is not owned, managed or controlled by Donald J. Trump, but throughPurchase Trump’s name and portrait use license from CIC Digital LLC, and create and sell the NFT series.But suspiciously, when further investigation of NFT INT LLC found that the contact address provided by its official website was located in a UPS store in Park City, Utah, USA.However, the registered address is Cheyenne, the capital of Wyoming, about 480 kilometers from Park City, which means that the company is likely to be one of the ghost companies.

“2 days 10 times Trump NFT was released by the former president himself?》

Targeted search for DeFi leeks, $300 million is not enough to plug in teeth

World Liberty Fi was jointly initiated by President Trump, Donald Trump Jr. and Eric Trump. Donald Trump Jr. once emphasized that this is not a simple Memecoin, but a dedicated to providingDecentralized top financial and banking tools, while strictly following relevant regulations to ensure the safety of users.Interestingly, with the popularity of Trump’s $Trump Memecoin released, the 20 billion tokens sold by the Trump family’s DeFi project World Liberty Financial (WLFI) have also sold out this morning, with a unit price of $0.015, totalraising $300 million, of which JustinSun, the boss of the well-known chain Tron, contributed $30 million per person and announced an additional $45 million in the name of Tron DAO.

With the original 20% public sales quota sold out, WLFI has opened an additional 5% quota for the community to purchase. If the quota is full again, the on-chain address of the value of $300 millionIt can add another $75 million.

It is worth noting that two days before the release of $Trump, WLFI has continuously accumulated 17,000 Ethereum on this address in recent months and suddenly reduced its holdings to 1,200 “transfer to Coinbase or other addresses”, while in $Trump, it has a large number ofAfter sucking blood, all the assets on the chain were included in Solana.Starting to purchase multiple Ethereum on the 19th, the current holdings have exceeded 42,000 Ethereum, making a “good band” to make Ethereum’s profits from losses to profits, and also making Ethereum exceed the total number of assets at this address.one third.

The ultimate killer weapon, the unprecedented Crypto large-scale consolidation site

This should be the picture you have seen the most times in recent days. The US President posted Memecoin, and it is reasonable that what is impossible to happen to Trump.But the fact is that the Trump family has worked hard for three generations, and the family’s wealth has finally accumulated to 4 billion.After the release of Memecoin, its market value reached US$80 billion within two days, and more than 100 years of struggle can’t stand the 2-day global carnival.$Trump The peak of $80 billion FDV is based on a 20% circulating market value, with an actual market value of $16 billion, but now the actual market value is only $6 billion.Most of the $10 billion liquidity in the middle blood-sucking market disappeared in the market. Regardless of the new market increase brought by the influence of the US president, a single token gives the average $100 billion to $200 billion marketThe short-term impact is huge.

This time, the company under the Trump family, is responsible for the issuance of $Trump. In addition to the company we mentioned above, responsible for Trump CIC Digital LLC, the two companies hold 80% of the $Trump generation.Although the total unlocking time is 3 years, the maximum unlocking part of the unlocking mode divided into six parts can be unlocked in the third month, although we have no way of knowing the inside trader except for this 80%.How much benefit is, but from the launch of Coinbase to Robinhood, and Moonshot announced that it can be used directly from Robinhood deposits, $Trump should be maintained with Trump supporters, traditional stock market funds and a large number of new leeks to maintain a considerable amount of money.The popularity and market value for a period of time, so if 4% of the chips are unlocked after 3 months

Even half of the current market value can still obtain billions of dollars in exit liquidity.

Trump’s wife, the token of the First Lady of the United States, $MELANIA, is the same as the token issued by Trump and Trump himself. The token is issued by MKT World, LLC, and is searched onlineThe company information I found that Melania’s position in the company is both a member and a manager, and the company address is 3505 SUMMIT BLVD. WEST PALM BEACH, FL 33406 is very home address in Florida with Mrs. Trump.near.

$MELANIA’s token economic model is not much the same as $TRUMP.Team share is 35%, treasury is 20%, community is 20%, public offering is 15%, and liquidity is 10%.The biggest difference is the token unlocking rules. TRUMP’s team share needs to be locked for 3 years, but the MELANIA team only needs to completely lock the position for 30 days.Starting from day 30, the team share will be unlocked 10%, and then gradually unlocked in months 2-13 until the unlocking is completed in month 13.This short-term and unclear chip allocation also quickly reduced the token market value from US$15 billion without looking back to US$3.3 billion, almost only 20% of the high point. Such hasty token unlocking rules and short-term rapid declinesThe token is really like Dogecoin.It is inevitable that people wonder if this will just be a message-side method to let $Trump return to the control disk.

No matter what, the Trump team has retained a little bit of rationality in making money these few days, but Trump’s operations in the past few days are shocking. No matter how many disclaimers or legal loopholes are used, before taking office as US President Make America Great againIt is an indisputable fact to make Crime Great Again first.

Pro-Trump crypto groups are slandering, and the “Trump crypto faction” is also divided?

In fact, not everyone supports Trump’s direct issuance of coins.Previously, Trump’s team posted that NFT earned $20 million and was quite “moderate”, and many community members have not yet reacted.

But today’s nature is completely different. In order to avoid presidential investment restrictions, on the eve of taking office of “Geen City”, the Trump and his wife directly sold through issuing coins, locking positions, and early buying and selling, allowing the entire interest group behind them to take the lead, making the entirety of their interest groups behind them by issuing coins, locking positions, and early buying and selling at highs., and achieve “no profit without foundation” as fast as possible.

There can be many people who harvest in the currency circle, but they cannot be the president, and many people have expressed strong concerns about this.

Venture capitalist Nick Tomaino wrote on X platform: “Trump holds 80% of Trump’s currency and schedules the issuance in just a few days before the inauguration ceremony, which is undoubtedly a plundering act, many people mayWill be hurt by this.”

Anthony Scaramucci, a banker who briefly served as White House communications liaison director during his last term (fired after 10 days in office), also criticized on the X platform: “Trump meme coin-to-cryptocurrency industryIt’s harmful, we can’t deceive ourselves.”

What is even more embarrassing is the currency circle. At the beginning, we donated one after another political donation, and we shouted “Fire Gary Gensler”. We long for a president of the pro-crypto industry. We hope that the crypto industry can gain more attention and more.More liquidity.

Is it achieved?Realized.According to community and trading platform staff, the number of registered users of a well-known trading platform is only a few hundred, and the OTC transaction amount is 700,000 US dollars, but the number of registered users reached 120,000 on January 20, and the OTC amount also reached 1.$100 million.The number of new user registrations on a leading trading platform has exceeded millions in three days.

But the way to achieve this is not to use Bitcoin as the strategic reserve of the United States, not to pass ETFs with a new batch of mainstream currencies, nor to establish a new cryptocurrency bill, but to issue meme coins to absorb most of the liquidity in the currency circle.

Not decent and moral.Many people in the currency circle who once stood for Trump have now publicly expressed their opposition.

“It’s absolutely ridiculous for him to do this.” Nic Carter, founding partner of cryptocurrency investment firm Castle Island Ventures, once publicly admitted to being a Trump fan, but he still said: “They launched meme coins to explore how stupid it can be.”

Even Bitcoin Magazine, a pro-Trump crypto media during the election, said on social platforms that TRUMP is a junk coin (Shitcoin).

You know, Bitcoin Magazine has made an indelible contribution to Trump being marketed as “the first Bitcoin president in the United States”.At the official event Bitcoin 2024, it hosted, Trump personally took the stage to deliver a speech and announced the launch of Bitcoin strategic reserves to ensure that the United States becomes the world’s crypto center and Bitcoin superpower. He also plans to fire the chairman of the Securities and Exchange Commission (SEC)wait.Trump’s crypto-friendly policies all begin with this speech.

“In my opinion, this is just a self-profit scam that sells high and sells out, an immoral behavior, and the investors involved (that should be said to be “fans”) are extremely stupid.” However, now the authors of Bitcoin Magazine are bluntly criticized.Related Reading: Bitcoin Magazine Blasts $TRUMP: Trump Likes Cryptocurrency As long as it can be used to make money”

Media values ​​are top-down, and Bitcoin Magazine CEO David Bailey, although previously a Trump campaign adviser, is said to be the one in pro-Trump crypto groups trying to dissuade Trump from issuing coins.

He clarified on social media many times on social media that “I have no connection with Trump’s memecoin, no prior notice, no economic benefit” and “my advice and advocacy are beneficial to Bitcoin and the country.”

As a crypto adviser during the campaign, David Bailey is now positioned more like Trump and the community’s lubricant.Even though he did not agree with Trump’s coin issuance plan, he tried his best to appease the community: “I am very grateful for everything Trump has done for Bitcoin and the industry as a whole and everything he will do”, “Ross is released, etc.All events will be realized, “I will continue to do my best to support the President and his family’s acceptance of Bitcoin and provide honest advice when needed”…

This also means that these crypto people around Trump have been ideologically divided into two factions.

Bitcoin Magazine is one faction, and the other faction standing opposite Bitcoin Magazine is what everyone calls the “crypto committee”, and the members are all chosen by Trump himself.

David Sacks, chairman of the crypto committee, was known as one of the founders of PayPal, and later became famous by creating Yammer and selling it to Microsoft for $1.2 billion.In the currency circle, David Sacks’ most important identity is an investor in the crypto venture capital company Multicoin and the biggest sorcanist of Solana.

“One of the stupidest attacks against me this year is that I sold SOL tokens to retail investors. If that’s true, they should have made a lot of money now, congratulations to all those who hold SOL.”Even when FTX burst, Sacks never sold SOL.

Because $TRUMP is deployed on the solana chain and when Trump issued $TRUMP coins, David Sacks was always silent about these “zero-sum meme coins”, so many people believe that the chairman of the crypto committee must be involvedin.

Another evidence is that David Sacks has a “criminal record”.In March 2024, David Sacks posted about his own name memecoin $Sacks.

Although he tweeted nine times when people started buying, he told them not to buy it, it confirmed the evidence that he had “had sent coins” and it was exactly the same as the method of issuing $TRUMP coins.(According to community members, David Sacks recently deleted his own post about $Sacks.)

This made many people dislike David Sacks, thinking that his technique was too eager for quick success and too eager to seek benefits through this radical method.Even if Sacks is not directly involved, he is responsible for the incident as chairman of the crypto committee.There are even rumors that some people have proposed that the entire David Sacks crypto committee leadership team should be replaced to create a new team.

According to a Washington cryptocurrency lobbyist who asked not to be named, nearly everyone in the crypto space is currently competing for a seat on the committee.Many crypto giants such as a16z, Coinbase, Paradigm, Ripple, Kraken and Circle are very interested in this and try to find a voice in the reform of the US crypto policy.

After all, the seats of ordinary members of the crypto committee are now “hot cakes”, and David Sacks’ every word and deed as the chairman of the committee is even more critical.

This is not the first time that the Trump team has shown an unstable state. During the last presidency, the internal team members of the Trump administration had huge games and changes in different factions, and resigning was commonplace.

During this term, in addition to the competition for seats in the crypto committee, the internal political risks of the Trump team are also reflected in other aspects.

Although not named, Messari founder Ryan Selkis tweeted to call on Trump, suggesting that he fire the persons who recommended the $MELANIA project.”The project team lacks professionalism, potentially causing significant economic losses and goodwill damage, and project decisions do not fully consider Trump’s interests.” Selkis pointed out the problems with $MELANIA.

Compared to the $TRUMP coins, the release of $MELANIA issued by Trump’s wife Melania is indeed more sloppy.The front-end code is incomplete, the pictures are not compressed, the website is built a day before the project is released, and the legal text is not rigorous. Many netizens speculate that the methods of $MELANIA and $TRUMP are different, and may not be operated by the same team.

“If my source is not wrong, $TRUMP is driven by the crypto tsar, and $MELANIA is done by the worldliberty team. But it is certain that these two coins are not done by the same team.” More than one community memberSuch a revelation.

How long does it take to consume trust?

The emergence of TRUMP at the time when Trump is about to take office was originally a matter that shocked the whole world and inspired the cryptocurrency circle.We have always been looking forward to cryptocurrencies being able to show more compliant, more stable and safer image to more mainstream publics around the world. Under such a desire, $TRUMP carries too many expectations in the cryptocurrency circle – itFrom the hands of the incoming US president, who can’t imagine that this is the beginning of the new US government’s further embrace of cryptocurrencies?How much new attention can this beginning attract to cryptocurrency with a historic positive image?

TRUMP is made by Trump, but unfortunately, it is made by “U.S. President” Trump, but by “businessman” Trump.”U.S. President” Trump has the ability to issue and promote the development of $TRUMP and even the entire cryptocurrency market with higher ethical standards and more complete legal compliance standards, but what “Businessman” Trump shows isThe naked greed and disregard for morality completely regard the cryptocurrency market as an ATM for cashing out its influence, and can’t wait to issue one asset after another to gain more benefits.

After all, Trump is just talking about the cryptocurrency industry for the sake of votes. Has he really seriously considered how to better promote the development of this industry?What we see is a “big figure” who is completely self-centered, has no basic industry rules and morals in his eyes, and is overtaking the entire crypto market with self.In Trump’s eyes, the cryptocurrency market may not be different from him setting up a stall at his doorstep. As long as someone is willing to pay for his influence, he feels that something is wrong with his behavior and what is wrong with it.Woolen cloth?

And Trump’s wife Melania’s issuance of coins has become a helpless self-deprecating in the cryptocurrency circle – Trump and his family are mocking how stupid our unrealistic expectations are.

From the perspective of speculators, this is of course a speculative era, and there is no more perfect narrative and back-pushing feeling than this.But is it really good for the industry?

What Trump will lose is not only the trust in him in the cryptocurrency circle, but also the morality and responsibility of a US president.