Trump issued a Meme coin with a market value of 60 billion

Trump personally released TRUMP, a meme coin with his own name on 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. No new coin in history has a staggering value of $30 billion within 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 (Trump Digital Trading Cards) series of NFTs. The issuer of "Trump Digital Trading Cards" is NFT INT LLC. They purchased the license to use Trump's name and likeness from CIC Digital LLC to produce and sell the NFT series.

According to the website of "GetTrumpMemes.com", the initial purchase of TRUMP needs to be made through Moonshot, which supports traditional payment methods such as Apple Pay, Visa, Mastercard, Venmo, and cryptocurrency payment methods such as USDC and SOL.

Given that TRUMP has now made its contract address public (6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN) and the on-chain pool has accumulated to a size of US$712 million, it will be more convenient for users to purchase directly on the chain.

TRUMP was issued on the Solana chain. This token commemorates Trump 's heroic appearance after he was assassinated on July 13, 2024, raising his fist and shouting the iconic battle cry "FIGHT FIGHT FIGHT".

GetTrumpMemes is intended to express support for and participation in the ideals and beliefs embodied in the "TRUMP" symbol and its associated artwork and is not intended to be the subject of an investment opportunity, investment contract, or security of any kind.

GetTrumpMemes is not political and is not affiliated 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 in circulation at the beginning of creation, and the remaining 800 million will be gradually unlocked in the next three years.

The "GetTrumpMemes.com" website shows that CIC Digital LLC and Fight Fight Fight LLC, affiliates of the Trump Group, jointly own 80% of Trump Cards (Note: This is the official statement, but the context should refer to TRUMP tokens), but it needs Follow the 3-year unlocking plan. CIC Digital LLC and Celebration Cards LLC, owners of Fight Fight Fight LLC, will receive trading revenue generated from Trump Cards trading activity.

The specific allocation of TRUMP and future unlocking progress are shown in the figure below.

When the cryptocurrency memes related to the election have long since flamed out and disappeared, Trump used his official account and history-making data to announce his arrival in the crypto world, and the market also welcomed it with real money, a $20 billion The volume speaks for itself.

This is an absolute boon to the cryptocurrency industry. Crypto-meme, with a total market value of US$10 billion, has opened up a ceiling for the market and also opened up the imagination space of funds. At this point, it is no longer important what this coin can be used for. Everyone only needs to know that when the President of the United States personally issues a coin, the significance of this operation to the encryption industry is far beyond imagination.

Next Monday, Trump will officially begin his second term as President of the United States. After an expensive campaign season, the crypto industry finally has its own president.

Bitcoin received a significant boost following Trump’s election victory, thanks to his promise to create a strategic Bitcoin reserve. At the same time, Ethereum ecological infrastructure applications headed by AAVE also shined in the "Trump market" in December last year. The market believed that ETH would sweep away the gloom and usher in new highs in the next market.

However, some industry insiders currently believe that Trump 's taking office may bring greater benefits to networks like Solana that focus more on practical application scenarios rather than reserve assets.

In the week before Trump took office, SOL prices rose 19%. On January 16, according to @tier10k citing 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 a further 5%.

2. Trump’s new encryption policy is good for SOL

On January 15, Reuters reported that according to three people familiar with the matter, the SEC’s senior Republican officials plan to begin comprehensive reform of the agency’s cryptocurrency policy as early as next week, after Trump takes office.

Among the measures being considered by commissioners Hester Peirce and Mark Uyeda, two of the sources said: starting a process to develop guidance or rules to clarify under what circumstances the agency considers cryptocurrencies to be securities, and reviewing some of the measures that are pending 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 transactions in multiple tokens, including SOL.

In defining SOL as a security, the SEC, led by Gary Gensler, said U.S. companies would be violating the law if they traded the token because the SEC had only issued two special-purpose broker licenses, and the two approved None of the companies offer SOL deals.

Although the SEC has withdrawn its charges against Solana in its lawsuit against Binance, if the enforcement action against Coinbase is also suspended, a major obstacle to the network's adoption will be cleared.

3. Possibility of SOL ETF?

As the issue of Solana's unregistered securities recedes, some have begun to look to the prospect of a SOL ETF, which could allow regulated Solana investment vehicles to be listed and traded on a public stock exchange. Polymarket predicts that the SOL ETF has a 75% chance of being approved in 2025, 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 short term.

Solana may also reap an intangible benefit that's harder to quantify under a Trump presidency and a friendlier regulatory environment.

Titus Capilnean, vice president of market development at Civic Technologies, said that when SOL’s regulatory status was unclear, developers mainly focused on promoting the trading of meme coins, which was “actually a form of protest against unclear SEC regulations.”

Capilnean noted that with Trump taking office, the crypto industry "may shift from pure speculation to utility-driven growth, with developers feeling more confident launching more complex applications without fear of regulatory pushback."

Over the past year, many U.S. Solana developers have said their products' chances of finding market fit would greatly increase if regulatory clarity became clear. Now, it's time for them to prove it.

TRUMP may be a proof. "Crazy" has always been Trump's label. He issued the currency himself and chose to be on a chain with a broad mass base like Solana. After a precedent like GME, the power of retail investors is worth imagining. .

4. Eldest son Eric Trump confirms **the legitimacy of TRUMP

currency**

On January 18, Trump's eldest son Eric Trump posted on social media, quoting the speech of crypto czar David Sacks, "The reign of terror against cryptocurrency is over, and the beginning of U.S. cryptocurrency innovation has just begun." and mentioned Bitcoin, family project World Liberty Financial, and the new official Meme project TRUMP.