Trump shocked the second day of currency issuance: What are the subsequent major impacts?

Editor|Wu Shuo Blockchain

The day after the Trump team suddenly launched the currency, the market value once exceeded US$80 billion, and the industry began to discuss its subsequent major impact.

Bybit CEO BEN said that yesterday there was a large amount of SOL and USDC outflows from all CEXs, rushing to buy TRUMP on the chain. Moonshoot + Meteora/Jupiter created over 30 billion memecoin in less than 10 hours without any CEX. After reflection, 2025 will focus on building Onchain Bybit and invest heavily in the Bybit web3 wallet. If you do not join this revolution, you will be eliminated.

Regarding the rumors of the team selling coins, Arkham analysis shows that the Trump team did not sell $500 million in TRUMP. The team holds approximately $500 million in TRUMP liquidity pools on the chain, withdrew a total of $20 million (USDC) and sent $92 million in TRUMP to the exchange. There are currently about 370 million USDC in the liquidity pool, mainly held by Team Wallet 1.

According to DeFiLlama data, during the hot trading of TRUMP tokens, Solana’s largest DEX Raydium captured US$25.07 million in fees in a single day on January 18, with revenue reaching US$2.85 million, both of which hit record highs and was the highest fee capture on the day. On-chain protocol. According to Bitget researcher @0x9seed’s data panel, on January 18, when the TRUMP token was launched, Moonshot’s single-day capture fees reached US$1.597 million, and transaction users reached 93,600. According to the @adam_tehc data panel, on the day TRUMP became popular, the on-chain MEME trading tool GMGN had an on-chain transaction volume of approximately US$153 million on Solana on January 18, capturing US$1.52 million in fees, both of which hit record highs. GMGN has so far captured more than $34.6 million in fees.

Jason, the founder of Folius Capital, said that Trump's coin issuance is of epochal significance: Basically, it tells you that there is no problem in issuing coins, and it is estimated that there will be 1-2 top-level speed passes in the next month. You can imagine that as long as Americans register/KYC + have an on-chain address, they can directly receive airdrops, plus TRUMP various transactions in exchange for cash flow + assets. In 2028, the Trump faction’s hopes of being elected have greatly increased. The probability of the Trump faction’s actual support for the crypto community is increasing. Ether has to hold on tight. If the wealth effect continues to be fully generated in SOL, the industry status will be subverted within 12-24 months. SOL itself will become the wealth effect in the next 3 months. It is currently undecided whether there will be policy follow-up in the Asia-Pacific region. If there is, it will be a major industry benefit. The next step is actually very simple: issue tokens and communicate with the Trump team to let TRUMP/WLDFI purchase the tokens. Purchase KOLs on a large scale to build a buying community. Obtain cash through additional issuance or sales, acquire cash flow business to consolidate the enterprise, and operate sustainably.

1confirmation founder Nick Tomaino criticized that Trump owns 80% of the TRUMP coin share and launched it just hours before the inauguration. This is predatory and many people may be harmed by it. Trump should be airdropping on the people, not using it to enrich himself or his team.

SkyBridge Capital founder Anthony Scaramucci said this was bad for the industry and compared it to the level of corruption experienced by former Ugandan president Idi Amin. Ben Meiselas, co-founder of Meidas Touch, believes Trump should focus on more pressing matters. Barstool Sports founder Dave Portnoy compared the matter to Internet celebrity Haliey Welch's alleged scheme to pump out the meme currency HAWK.

According to the Solscan browser, the Trump team address: 7qtDv7…nkRnpE has set up unilateral liquidity of 2 million TRUMP in Meteora, and has withdrawn 18.806 million USDC from it, of which 16.65 million USDC has been transferred to another team address: GRvmQx… U34bPg. Step data shows that the current Trump team address: 7qtDv7…nkRnpE’s position in Metaora is approximately worth US$30.16 million, but 500,000 TRUMPs are outside the range (worth approximately US$12.31 million)

On the 19th, Binance, Coinbase, and OKX also announced the launch of TRUMP (OFFICIAL TRUMP) spot trading.

The TRUMP team address 2Fe47...gWSkv once again injected 1.5 million TRUMP unilateral liquidity into the TRUMP/USDC liquidity pool through Meteora, worth US$52.75 million. Currently, this pool is the main liquidity pool for the TRUMP/USDC trading pair, containing 5.13 million TRUMP and 398 million USDC, with a TVL of up to US$577 million. However, the current total TVL of the TRUMP/SOL liquidity pool has exceeded that, reaching as high as 728 million U.S. dollars, and the transaction volume in the past 24 hours has been close to 3.3 billion U.S. dollars, which is almost equivalent to the Ethereum mainnet transaction volume (3.6 billion U.S. dollars) in the same period.

Large account: 5dy51w…Q9sCp1 transferred 186,000 TRUMP to Binance Deposit at 14:19 UTC+8 today, worth approximately US$6.81 million. The large accountant: 5dy51w…Q9sCp1 still holds 200,000 TRUMP, worth approximately US$7.32 million. GMGN data shows that the large account's associated address: 7zatCL...hvmaJT spent about 620,000 USDT to buy 843,700 TRUMP at an average price of $0.735, and then sold part of the position at an average price of $4.24 to recover the principal.

A whale used 61,205 SOL ($14.18M) to purchase 1.271 million $TRUMP on January 18 at a price of $11.15. He is the 10th largest TRUMP holding address. On January 19, all 1.271 million $TRUMP ($43.66M) were transferred to OKX. He purchased it at an average price of $11.15 and transferred it to OKX at a price of $34.34, with an expected profit of $29.48 million.

Cardano co-founder Charles Hoskinson tweeted that 78.5% of Trump’s $29.6 billion net worth is in cryptocurrency, making him one of the richest cryptocurrency entrepreneurs. This is mainly due to the Meme coin TRUMP issued by Trump. Hoskinson also noted that Trump’s extensive involvement in cryptocurrencies could lead to significant changes in the industry. His administration may redefine IRS policy on capital gains taxes and fair market value assessments of digital assets, anticipated changes that could impact the regulatory framework for the cryptocurrency industry.

AllianceDAO co-founder Qiao Wang said that Trump has two options, announcing that his tokens will be used for some kind of fiscal policy: buying Greenland, aiding Los Angeles, upgrading the power grid, etc.; or doing nothing and just continuing to make money; the former will make the world To talk about cryptocurrencies being the greatest capital formation mechanism ever and that it was used for good causes, the golden age of cryptocurrencies; the latter is a crime.