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

Trump personally launched a meme coin named TRUMP on Solana. As of the time of writing, the market value of TRUMP once exceeded 60 billion US dollars, and FDV exceeded DOGE.

The above picture created a new record in the history of cryptocurrencies within 4 hours. No new coin in history has had a staggering value of $30 billion within 12 hours on the chain.

1. Token Economic Model

Note: The official Trump Meme TRUMP released this time may be the same team as the previous Trump Digital Trading Cards series of NFTs. The issuer of "Trump Digital Trading Cards" is NFT INT LLC, which purchased a license to use Trump's name and image from CIC Digital LLC to create and sell this 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, as well as 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 is issued on the Solana chain. The token is to commemorate Trump's heroic appearance of raising his fist and shouting the iconic battle slogan "FIGHT FIGHT FIGHT" after the assassination on July 13, 2024.

GetTrumpMemes is intended to express support and engagement with the ideals and beliefs embodied by the “TRUMP” symbol and its related artwork and is not intended to be the subject of an investment opportunity, investment contract, or security of any type.

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 circulated at the beginning of creation, and the remaining 800 million will be gradually unlocked in the next three years.

The website "GetTrumpMemes.com" shows that Trump Group's subsidiaries CIC Digital LLC and Fight Fight Fight LLC jointly own 80% of Trump Cards (Note: this is the official statement, but combined with the context, it should refer to TRUMP tokens), but they must comply with the 3-year unlocking plan. Fight Fight Fight LLC's owners CIC Digital LLC and Celebration Cards LLC will receive trading revenue generated by Trump Cards trading activities.

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

When the cryptocurrency meme related to the election had long since died out, Trump used his official account and historic data to announce his arrival in the crypto world, and the market welcomed him with real money. The $20 billion trading volume speaks for itself.

This is absolutely good news for the cryptocurrency industry. The crypto meme with a total market value of 10 billion US dollars has opened up the ceiling for the market and also opened up the imagination space for funds. At this point, it is no longer important what this coin can be used for. Everyone just needs to know that when the president of the United States personally issues a coin, the significance of this operation to the crypto industry is far beyond imagination.

Trump will officially begin his second term as US president next Monday. After an expensive campaign season, the crypto industry finally has its own president.

Thanks to Trump's promise to establish a strategic Bitcoin reserve, Bitcoin has gained significant momentum after his victory. At the same time, Ethereum ecosystem infrastructure applications, led by AAVE, also shined in the "Trump market" in December last year. The market believes that ETH will clear the haze and usher in new highs in the next market.

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

In the week before Trump's inauguration, the price of SOL rose by 19%. On January 16, @tier10k quoted the New York Post as saying that 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, the price of SOL rose further by 5%.

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

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

Two of the sources said the steps Commissioners Hester Peirce and Mark Uyeda are considering include launching a guidance or rulemaking process to clarify under what circumstances the agency would consider cryptocurrencies to be securities and reviewing some cryptocurrency enforcement cases pending in court.

In 2023, the SEC sued Coinbase and Binance, alleging that the cryptocurrency exchanges illegally acted as unregistered brokers by facilitating trades in a variety of tokens, including SOL.

In defining SOL as a security, the SEC, led by Gary Gensler, said that U.S. companies would be violating the law if they traded the token because the SEC only issued two special-purpose broker-dealer licenses, and neither of the two approved companies offered trading in SOL.

Although the SEC has withdrawn its charges against Solana in its lawsuit against Binance, if the enforcement action against Coinbase is also stayed, a major hurdle to the network’s adoption would be cleared.

3. The possibility of SOL ETF?

As the issue of Solana’s unregistered securities subsides, some have begun looking ahead to the prospect of a SOL ETF, which could allow regulated Solana investment vehicles to be traded on public stock exchanges. Polymarket predicts a 75% chance that the SOL ETF will be 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 gain an intangible benefit that is 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 focused on promoting trading in the memecoin, which was “effectively a form of protest against the SEC’s lack of regulatory clarity.”

Capilnean noted that with Trump in office, the crypto industry “will likely shift from pure speculation to utility-driven growth, as developers will feel more confident launching more sophisticated applications without having to worry about regulatory resistance.”

Over the past year, many US-based Solana developers have said that their product’s chances of finding market fit would greatly increase if regulatory clarity were available. Now is their moment to prove it.

TRUMP may be a proof of this. "Madness" has always been Trump's label. He personally issued the currency and chose a chain like Solana that has a broad mass base. After precedents like GME, the power of retail investors is worth imagining.

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

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 cryptocurrency innovation in the United States has just begun." He also mentioned Bitcoin, the family project World Liberty Financial and the new official Meme project TRUMP.