Earn more than 60 billion US dollars in gold! On the eve of taking office, Trump and Melania opened a "Meme Mom and Pop Shop"

The crypto market is experiencing a huge shock.

The employment ceremony is just around the corner, and quasi-President Trump can no longer hold back, giving the crypto market a small shock. On January 18, local time, Trump announced the launch of his personal Meme currency TRUMP on social media. This event became the first for a president to issue a personal MEME currency, and the crypto world once again witnessed a historical milestone.

After the news was released, the TRUMP coin experienced a surge of speculation. The intraday increase reached 1,250%, and the price rose to US$80. The market value exceeded US$20 billion on the first day, setting one of the fastest growth records for cryptocurrency market value. The rise of TRUMP has brought about a considerable wealth effect, and many participants have made a lot of money. However, the president’s subsequent issuance of coins has also triggered heated discussions around the world.

Coincidentally, this morning, Trump’s wife Melania also launched the MEME token of the same name again. A real estate family becomes a crypto family? The president’s purpose of amassing money seems to be clear.

At 10:00 a.m. local time on January 18, Trump posted on Truth Social, the social media he founded, announcing that he would soon launch his personal Meme token TRUMP. Users can visit the website with the domain name "GetTrumpMemes.com" to purchase the token. , the accompanying picture is his iconic picture of clenched fists and raised high.

At that time, because there were many cases of account theft by celebrities in the encryption market, and it was unbelievable for the president to issue coins, the market believed that Trump’s social media accounts had been stolen. But despite this, the currency still experienced rapid growth. Half an hour later, the market value of the currency soared to US$2 billion. The top 10 largest holders held approximately 89.61% of the tokens, of which the address with the largest position held 80 % of tokens.

At 10:44, Trump posted on the Happy!" As soon as the news came out, the market was excited.

The president issued coins at the end, and the wealth seems to have come to the encryption field.

The presidential effect has unlimited potential. The price of TRUMP currency skyrocketed rapidly, and then Huobi, Bitget and other exchanges listed it online. TRUMP soared from US$20 to US$74, an increase of more than 400 times, and its market value rushed from US$2 billion to US$15.2 billion, setting a record for the largest increase in market value. One of the fastest records. At present, the crazy effect brought by TRUMP currency has cooled down, and it is now trading at $48.65.

According to the description on the official website, TRUMP was issued on the Solana chain. The token is to commemorate the image of Trump raising his fists and shouting the iconic battle cry "FIGHT FIGHT FIGHT" after being shot on July 13, 2024. , the official website also stated that “this is the most unforgettable MEME of this century.”

In order to reach the audience in all aspects and lower the investment threshold, TRUMP thoughtfully covers a variety of payment and purchase methods. The initial purchase must be through Moonshot, but it supports traditional payment methods such as Apple Pay, Visa, Mastercard, Venmo, and cryptocurrency payment methods such as USDC and SOL. .

From the perspective of token distribution, the total supply of TRUMP is 1 billion, but the initial circulation is only 200 million, and the remaining 800 million are expected to be linearly unlocked within 3 years. It seems unremarkable, but in terms of distribution ratio, the real beneficiaries are obvious. Two subsidiaries of the Trump Group occupy an absolute share. Trump's companies CIC Digital LLC and Fight Fight LLC will own 80% of the TRUMP tokens, with a lock-up period of 3-12 months, and the next 24 months Unlocked within.

Similar to the previous family Defi project, the official website has once again stripped away sensitivity, mentioning that GetTrumpMemes is intended to express support and participation in the ideals and beliefs embodied in the "TRUMP" symbol and its related artworks, and is not intended to be an investment opportunity or investment opportunity. contracts or securities of any kind, and emphasize that GetTrumpMemes is not political and is not affiliated with any political campaign or any political office or government agency.

For the crypto market, this is after the president’s family indirectly participated in defi, and the president directly issued coins in his own name, which has a profound impact. The issuance of MEME tokens by the president of a global power is a political pioneering event in the crypto market. It is very likely to have a chain reaction in some other countries and regions, opening up new channels for political donations and personal profit. On the other hand, the president’s participation also highlights his high recognition of cryptocurrency. Considering that the event happened just before the inauguration ceremony, and considering that Trump will sign more than 100 administrative regulations on the first day to promote priority issues, the cryptocurrency market is likely to will be covered. The crypto market under the new term will undoubtedly have a promising future, and the crypto spring is expected to reappear in the next four years.

In addition, the benefits brought by Trump Tokens are also extremely amazing. Affected by Trump's surge, according to Planet statistics, many whales have made profits of more than 10 million U.S. dollars. More than 10 well-known KOLs in the Chinese area have achieved single-coin profits of more than 1 million U.S. dollars. The smart money at address 6QSc2 even made a profit 4 hours before the release of TRUMP tokens. Funds have been obtained and US$1 million was purchased in the first minute, with a maximum floating profit of over US$100 million.

The red envelope effect is not limited to Trump. Although it sucked blood from the entire market, the token still single-handedly drove the major related currencies. BTC rose from US$97,000 to US$105,000. SOL became the number one winner. In January, SOL It rose rapidly late at night on the 18th, reaching a maximum of $270, with an increase of 23.02% in the past 24 hours.

Everyone involved has made a lot of money, and Trump himself is no exception. As the price of tokens rose, Trump's net worth soared to US$28 billion in just one night. As of now, according to the quoted price of US$48 per coin, the value of the cryptocurrency he holds alone has reached $38.4 billion. Prior to this, Forbes valued Trump's net worth at US$5.6 billion last November, which means that his net worth has increased 7.8 times. In this regard, some netizens commented, "Three generations of asset accumulation are not as good as one day's token distribution."

Faced with such soaring wealth, global markets have also raised doubts about the president's currency issuance. As a president, is it too ugly to blatantly use his personal influence to issue currency and make money? In contrast, most U.S. presidents disclose and divest their personal assets before taking office to avoid possible conflicts of interest and ethical issues. However, Trump is uncharacteristically uncharacteristic and uses an air currency to play a zero-sum game. form of profit-making. This kind of blurring of the president's administrative boundaries and commercial interests has also ushered in huge market public opinion.

Jordan Liebowitz, vice president of communications for the American non-profit organization "Citizens for Responsibility and Ethics", pointed out that Trump is too selfish, "For decades, president-elects have tried hard to separate their personal financial affairs during the period before taking office. Clearing the line to show there is no conflict of interest, Trump is now launching new business projects and promising to loosen regulations on the weekend before he takes office, in an obvious attempt to profit from the presidency.”

Even in the crypto space, this behavior is not good. Nick Tomaino, the founder of 1confirmation, bluntly stated that "this is a predatory behavior and many people may be harmed as a result." Anthony Scaramucci, who supports Trump, also made it clear that "Trump's behavior is detrimental to the industry and is Idi Amin-style corruption."

In fact, Trump's profit-making does not start now. As a businessman, before that, expanding his personal influence into the business field was synonymous with him. This can be seen from the fact that both universities and hotels are named after Trump. He also released NFT and even claimed to make NFT great again in the name of a presidential candidate. After being elected, he briefly ended up working in Defi, and now, as president The issuance of MEME tokens by Identity is enough to show that making money runs through its entire political and business process. This time, it is just because of the sensitive nature of cryptocurrency that it triggered heated discussions. Looking at his behavior, it is a true portrayal that he gathers for profit and disperses for profit. In addition to putting America first in the diplomatic field, his personal priority is also distinctive. An example is the encryption field. If it were not for the need for encryption funds and votes, it would not completely turn to the so-called "Bitcoin" president after vigorous criticism in 21 years.

It must be admitted that, apart from his political skills, Trump has really done a good job in making money. The low threshold of encryption just corresponds to his high capital needs. After opening up a new and fully controllable encrypted political donation channel, funds are also flowing in. In addition to MEME and NFT, just this morning, WLFI, which had been on sale for several months, was also sold out. According to the official website of the Trump family encryption project World Liberty Financial, the project's 20 billion WLFI has been sold out, which is worth US$300 million based on a unit price of US$0.015. After the sale, the project also struck while the iron was hot and said it would open another 5% token sale.

It's not enough to play by yourself, it comes faster if the whole family comes together. Just in the early hours of this morning, Trump’s wife Melania also announced the launch of her own MELANIA token. After Trump forwarded it, the crypto family effect became prominent. MELANIA has also experienced a surge, with the price rising from US$0.4 to US$18, with a maximum market value of US$18.2 billion. However, both have fallen back, and the market value has stabilized at US$7.2 billion.

Judging from the token distribution, MELANIA is not far behind, and it is written on her face. The MELANIA team accounts for 35%. This share will begin to be unlocked on the 30th day. 10% of the team's allocation will be unlocked in 30 days (accounting for 3% of the total supply). 90% of the share will be unlocked linearly from 2 to 13 months. The total amount will be unlocked approximately every month. 2.25% of the supply, all vested in the 13th month.

The whole family came, and the market was not a fool. TRUMP had a significant impact, and the price quickly fell back to $45. The Kobeissi Letter, a market observation agency, pointed out that within minutes after Melania launched the token, a large number of Trump Coin sell orders appeared in the market, causing the market value of Trump Coin to evaporate by US$7.5 billion in 10 minutes. The evaporation effect is still fermenting, with altcoins generally falling, and SOL falling to $242.

If yesterday you could still think that Trump's issuing coins was a special act of siding with encryption, you can see from today's whole family that issuing coins or not is not important to Trump, who has blurred boundaries. It is purely for convenience. One of the ways to make money. Although there are suspicions of ethical issues, based on existing legal means, the U.S. Constitution does not seem to restrict the president from using his personal influence to obtain benefits, especially in an area like cryptocurrency where regulatory boundaries are not yet clear.

From the perspective of the crypto market alone, celebrity MEMEs have become commonplace, but the final direction of celebrity MEMEs is mostly a piece of cake. Seeing early and running fast are the keys to victory. Of course, Trump may consider the long-term continuation of the token for the sake of his reputation in power and public recognition, but in any case, this move really brings political MEME to the forefront. It is foreseeable that the number of MEMEs issued by political participants and even leaders from other regions will increase in the future, and Politifi narratives will usher in a new peak. At 12:00 noon on January 20th, Eastern Time (1:00am on January 21st, Beijing time), Trump’s inaugural speech will officially begin, and the hype and fanaticism will set sail again.

But it’s unclear whether this is a new round of get-rich-quick carnival or a grand leek feast.

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