Two days before taking office, Trump and his wife made $65 billion from the currency circle

Early this morning, Trump’s wife Melania also released a meme coin of her own name, MELANIA. Good news, if you are awake and buy it, you will get ten times the currency. Bad news, all other currencies have fallen across the board, including TRUMP, which has been cut in half, and SOL, which has dropped to 235, not to mention other altcoins, which made the group of friends say, "Short selling is the only way to make stable money." Chance".

My wife issues coins and the industry pays the bill

Melaniameme.com website information shows that MELANIA’s token economic model is significantly different from TRUMP. The specific distribution plan is: 35% team share, 20% treasury, 20% community, 15% public offering, and 10% liquidity.

The biggest difference lies in the token unlocking rules. The TRUMP team's share needs to be locked for 3 years, but the MELANIA team only needs to fully lock for 30 days. Starting from the 30th day, 10% of the team share will be unlocked first, and then gradually linearly unlocked from the 2nd to the 13th month until it is fully unlocked in the 13th month.

As of the time of writing, MELANIA's total trading volume has reached US$2.6 billion, and its current total market value has exceeded US$10 billion.

Yesterday, the editor also forwarded TRUMP's joke in the group chat, "Today it is 47 to pay tribute to the 47th president, tomorrow it is 78 to celebrate Trump's birthday, and the day after tomorrow it is 250 to commemorate the 250th anniversary of the United States."

When I woke up, the editor could only repost "Gensler is laughing at us." The Trump family has also successfully transformed from a real estate family into a "crypto family."

Even Bitcoin Magazine, the organizer of the Trump Bitcoin Conference, directly posted that "TRUMP is a garbage coin." It is estimated that the editor's wallet suffered the same treatment.

Bitcoin Magazine was a well-known pro-Trump media during the election. During its official event, the Nashville Bitcoin 2024 Conference, it invited Trump to the stage and delivered a speech. In the speech, Trump announced that he would fire Gensler and 11 commitments, including establishing a national reserve of Bitcoin and not issuing a central bank digital currency, ushered in the era of crypto-friendly policies of the Trump administration.

Finally, on the eve of Trump's inauguration, this man who has always been called crazy issued his own meme coin of the same name, making the whole world "crazy". Even orthodox American cryptocurrency exchanges like Coinbase, which always pay attention to compliance and reputation, All have TRUMP spot online within 24 hours.

But in the face of Trump’s wife also issuing coins, Coinbase could only euphemistically say, “As of now, MELANIA is not available on Coinbase or Coinbase Wallet. It is very important to verify the availability of the token before making any transactions.”

WLFI ends public sale and starts small business

At the same time, the 20 billion tokens publicly sold by the Trump family's DeFi project World Liberty Financial (WLFI) have also been sold out this morning, with a unit price of US$0.015, and a total of US$300 million raised.

Last night, the WLFI project address spent US$48 million to buy 14,403 ETH at an average price of US$3,333 within 8 hours, and currently holds 28,612 ETH.

Trump's second son, Eric Trump, forwarded a tweet about his company's purchase of a huge amount of ETH on social media, saying that there would be major "actions" on Civilization Day.

Last night, the community was immersed in the atmosphere of "Trump issued meme coins to earn SOL and buy ETH." Only this morning did he realize that maybe it was true that he had finished FUD and bought Ethereum at the bottom to add funds to his own project.

But there are always people in the currency circle who are willing to pay for the feast, so the WLFI project can only reluctantly open a small stove for the Web3 brothers. Shortly after the public sale ended, it issued a document saying, "Due to the huge demand and extremely high attention, it was decided to open an additional 5%. Token supply, the team is working hard to restart sales."

What does the community think?

Although most people's wallets suffered a critical blow in the early hours of the past morning, apart from jokes, there are still many opinions worth thinking about in the community, which are worth sharing with everyone here.

Alex Xu of Mint Ventures analyzed that Trump issuing coins is no different from selling his own theme shirts, logo hats, and personal image dolls. Since he can sell personal IP peripherals, he can also sell IP coins.

"Compared with ordinary peripherals, cultural coins are globally accessible, fans can participate without boundaries, and have financial attributes. If the price rises too much, they can be sold to the right person. Unlike MAGA hats, which can only be left on the counter to gather dust. The ones that suffer the most are the other ones. Projects whose "intrinsic value" comes from attention rather than real commercial value and product appeal include 99% of AI Agent tokens on the market today.

When the tide of attention has turned, most AI Agent tokens may not face a correction, but a long-term collapse in valuation. Those who benefit from this are L1, where this wave of speculation is located, and projects that sell water to speculative enthusiasts, including Solana, Moonshot, various TG BOTs, and DEXs such as Raydium. "

Rui from HashKey Capital believes that the Trump family’s second issuance of meme coins will reduce the chance of arbitrage in price expectations, explaining that “with the arrival of the Dafa coin era, the president has defined what altcoins should be, and technical memes are difficult to handle. . The failure to issue fan coins before was due to the lack of utility. Meme Supercycle is here.”

Crypto trader felixhsu.eth said that in the long term this is a bump in the road ahead for BTC, and that all copycats, Sol, ETH, and memes are all fraud. From now on, both organizations and individuals will be selling their credibility. The application of blockchain is to build a threshold-free casino. As long as there is a money-making effect, there will be gamblers involved. The so-called "innovation" is to create new ways of cutting leeks, and the so-called build is to build more sophisticated deceptions.

Balaji Srinivasan, former chief technology officer of Coinbase, said on social platforms that meme coins are a zero-sum lottery and will not create wealth. Every buy order is simply matched with a sell order. After the initial surge, the price eventually collapses and the last buyer loses everything. If you consider the commission the platform takes from it, meme coins are actually a negative sum.

Tonight, Trump will hold a formal inauguration ceremony. At this time, the currency circle is destined to usher in another carnival.