jakiro
Trump personally came out to release a meme coin TRUMP with the same name as himself in Solana. As of the time of publication, TRUMP’s market value once exceeded US$60 billion, and FDV exceeded DOGE.
It is the picture above that set a new record in the history of encryption within 4 hours.There is no new currency in history that has an astonishing $30 billion worth of value in 12 hours on the chain.
1. Token Economic Model
Note: The Trump official Meme TRUMP released this time may be the same team behind the previous Trump Digital Trading Cards series NFTs.The publisher of “Trump Digital Trading Cards” is NFT INT LLC. They purchased Trump’s name and portrait license from CIC Digital LLC to create and sell the NFT series.
According to the website of “GetTrumpMemes.com”, the initial purchase of TRUMP needs to be made through Moonshot, supporting traditional payment methods such as Apple Pay, Visa, Mastercard, Venmo, and cryptocurrency payment methods such as USDC and SOL.
Given that TRUMP has now published the contract address(6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN), and the on-chain pool has accumulated to a scale of US$712 million, so it will be more convenient for users to purchase directly on-chain now.
TRUMP is released on the Solana chain. The token is to commemorate the heroic figure of Trump after being assassinated on July 13, 2024, raising his fist and shouting out his iconic battle slogan “FIGHT FIGHT FIGHT”.
GetTrumpMemes is designed to express support and engagement with the ideals and beliefs embodied in the “TRUMP” symbols and their related artworks, and is not intended to be the subject of investment opportunities, investment contracts or any type of securities.
GetTrumpMemes does not involve politics and has nothing to do with any political campaign or any political office or government agency.
The total supply of TRUMP is 1 billion, but only 200 million will be circulated at the beginning of creation, and the remaining 800 million will be gradually unlocked in the next three years.
“GetTrumpMemes.com” website shows that Trump Group’s subsidiary CIC Digital LLC and Fight Fight LLC jointly own 80% of Trump Cards (Note: This is officially stated, but the context should refer to TRUMP tokens), but it is requiredFollow the 3-year unlocking plan.CIC Digital LLC and Celebration Cards LLC, owners of Fight Fight Fight LLC, will receive transaction revenue generated from Trump Cards trading activities.
The specific allocation status of TRUMP and future unlocking progress are shown in the figure below.
When the cryptocurrency meme, which is related to the election, has long since disappeared, Trump used his official account and historical data to announce his arrival in the crypto world.The market is also greeted with real money, and the trading volume of US$20 billion says it all.
This is an absolute benefit to the cryptocurrency industry. The cryptocurrency meme with a total market value of US$10 billion has opened up the ceiling for the market and opened up the imagination space for funds.At this point, it doesn’t matter what this coin can be used for. Everyone just needs to know that when the US president personally issues a coin, the significance of this operation to the crypto industry is far beyond imagination.
Next Monday, Trump will officially begin his second U.S. presidency.After an expensive campaign season, the crypto industry has finally ushered in its own president.
Bitcoin gained a significant boost after his victory thanks to Trump’s pledge to build a strategic Bitcoin reserve.At the same time, the Ethereum ecological infrastructure application led by AAVE also shines in the “Trump Market” in December last year. The market believes that ETH should sweep away the haze and reach a new high in the next market.
However, some industry insiders believe thatTrump’s takeover may bring greater benefits to Solana’s network that focuses more on practical application scenarios rather than reserve assets.
SOL prices rose 19% a week before Trump took office.On January 16, according to @tier10k’s signing of the New York Post, Trump was “open to the idea of digital currencies issued in the United States (such as Solana, USD Coin and Ripple) as strategic reserves. After the news came out,SOL prices rose further by 5%.
two,Trump’s new encryption policy is good for SOL
On January 15, Reuters reported that senior Republican officials of the SEC planned to start a comprehensive overhaul of the agency’s cryptocurrency policy as early as next week, after Trump took office.
Two of the sources said that the measures that Commissioner Hester Peirce and Mark Uyeda are considering include: launching procedures to develop guidance or rules to clarify under what circumstances the agency considers cryptocurrencies as securities, and reviewing some in court.cryptocurrency law enforcement cases.
In 2023, the SEC sued Coinbase and Binance, accusing these cryptocurrency exchanges of illegally acting as unregistered brokers by facilitating multiple token transactions, including SOL.
In defining SOL as a securities, the SEC led by Gary Gensler said that U.S. companies violated the law if they traded the token, because the SEC issued only two special purpose broker licenses, which were approved by the twoThe company does not offer SOL transactions.
Although the SEC has withdrawn allegations against Solana in a lawsuit against Binance, a major obstacle to the adoption of this network will be cleared if enforcement actions against Coinbase are also suspended.
three,Possibility of SOL ETF?
As the issue of Solana’s unregistered securities has subsided, some have begun to look forward to the prospects of SOL ETFs, which could allow regulated Solana investment vehicles to be traded on public stock exchanges.Polymarket predicts that the SOL ETF will be approved in 2025 at 75%, but Sol Strategies CEO Leah Wald said in a recent interview with reporters that she does not think the Solana ETF will be approved in the near term.
Solana may also gain a more difficult-to-quantify intangible gain during Trump’s presidency and in a more friendly regulatory environment.
Titus Capilnean, vice president of market development at Civic Technologies, said developers focused primarily on promoting meme coins when SOL’s regulatory status was unclear, which “is actually a form of protest against unclear SEC regulation.”
Capilnean noted that with Trump taking office, the crypto industry “will likely shift from pure speculation to practically driven growth, and developers will be more confident in launching more complex applications without worrying about regulatory resistance.”
Over the past year, many Solana developers in the U.S. have said that if regulation becomes clear, the chances of their products finding market fit will be greatly increased.Now, it’s the moment they prove it.
TRUMP may be a proof that “crazy” has always been Trump’s label. He went to issue coins himself and chose a chain like Solana with a broad mass base. After having precedents like GME, the power of retail investors is imaginable..
Four,The eldest son Eric TrumpconfirmTRUMP coin orthodoxy
On January 18, Trump’s eldest son Eric Trump posted on social media, citing the speech of crypto czar David Sacks, “The terror reign against cryptocurrencies has ended, and the beginning of cryptocurrency innovation in the United States has just begun.” He also mentionedBitcoin, family project World Liberty Financial, and the new official Meme project TRUMP.
