Dragonfly Partner: TRUMP is launched through DeFi, which can help attract more users and capital to the chain

Odaily Planet Daily News Regarding Trump's launch of the Meme coin TRUMP, Dragonfly general partner Rob Hadick said: "If he or his organization does sell a large number of holdings, almost no one in the industry or Washington, DC, will support him except those who profit from it. This will only strengthen the argument that this is a serious violation of ethics and will cause more cryptocurrency partisanship. So for the sake of all of us, I hope he doesn't do it." Some industry insiders believe that Trump is unlikely to sell his holdings in the short term. "If it is seen as 'manipulating the market', the potential for reputational damage will far outweigh the financial gains," said Boris Revsin, general partner and managing director of Tribe Capital. In addition to market dynamics, the Meme coin may also complicate cryptocurrency regulation. Hadick pointed out that its launch has opened up an important avenue for potential government corruption or foreign influence, or at least created such a phenomenon, making it more difficult to pass reasonable legislation. He added that it undermines the efforts of entrepreneurs focused on technological innovation by attracting liquidity and attention to other areas of cryptocurrency. Nevertheless, the launch demonstrates the power of DeFi. "The fact that this launch is on DeFi rather than CeFi is significant and frankly great," Hadick said, noting that it could help attract more users and capital to the chain. Some other venture capital firms see opportunities and risks. Ed Roman, co-founder and managing partner of Hack VC, called TRUMP a "double-edged sword." While Meme coins legitimize and drive mainstream adoption, their high FDV poses "significant risks" if the token collapses. He added that Meme coins are good for cryptocurrencies if investors understand their risks. They "have no fundamental tangible value, so it's more like a casino than a stable asset, and those who don't understand this will inevitably suffer losses." (The Block)