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 posting, TRUMP's market value once exceeded 60 billion US dollars, and FDV exceeded DOGE.

It is the picture above that created a new record in the history of encryption within 4 hours. No new coin in history has a staggering value of 30 billion US dollars 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 NFT. The issuer of "Trump Digital Trading Cards" is NFT INT LLC, which purchased the license to use Trump's name and portrait from CIC Digital LLC for the production and sale of this NFT series.

According to the introduction of the "GetTrumpMemes.com" website, 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 $712 million, it is more convenient for users to buy directly on the chain.

TRUMP was issued on the Solana chain. The token was created to commemorate Trump’s heroic appearance of raising his fist and shouting the iconic battle cry “FIGHT FIGHT FIGHT” after the assassination on July 13, 2024.

GetTrumpMemes is intended to express support and participation in 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 apolitical and has nothing to do with any political campaign or any political office or government agency.

TRUMP has a total supply of 1 billion, but only 200 million will be circulated at the beginning of the creation, and the remaining 800 million will be gradually unlocked over the next 3 years.

The "GetTrumpMemes.com" website shows that CIC Digital LLC and Fight Fight Fight LLC, subsidiaries of the Trump Group, 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 the future unlocking progress are shown in the figure below.

When the cryptocurrency meme related to the election concept had long been extinguished and disappeared, Trump used his official account and the data that created history to announce his arrival in the crypto world, and the market also welcomed it with real money, and the $20 billion trading volume said it all.

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 only needs to know that when the US president personally issues a coin, the significance of this operation to the crypto industry is far beyond imagination.

Next Monday, Trump will officially begin his second term as US president. After an expensive campaign season, the crypto industry finally ushered in 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 ecological infrastructure applications, led by AAVE, also shined in the "Trump market" in December last year. The market believes that ETH will sweep away the haze and usher in a new high 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 ​​using 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 crypto policy is good for SOL

On January 15, Reuters reported that senior Republican officials at the SEC plan to start 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 that Commissioners Hester Peirce and Mark Uyeda are considering measures including: initiating a process to develop guidance or rules to clarify under what circumstances the agency considers cryptocurrencies to be securities, and reviewing some cryptocurrency enforcement cases currently under trial in court.

In 2023, the SEC sued Coinbase and Binance, accusing the cryptocurrency exchanges of illegally acting as unregistered brokers by facilitating transactions 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 violate the law if they traded the token because the SEC had only issued two special-purpose broker 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 suspended, a major obstacle to the adoption of this network will be cleared.

Third,The possibility of a SOL ETF?

As Solana’s unregistered securities issues subside, some have begun looking ahead to the prospect of a SOL ETF, which could allow regulated Solana investment vehicles to be traded on a public stock exchange. Polymarket predicts a 75% chance of approval of the SOL ETF in 2025, but Sol Strategies CEO Leah Wald recently told reporters that she doesn’t think the Solana ETF will be approved in the short term.

Solana may also gain an intangible benefit that is more difficult to quantify under the 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 mainly on promoting transactions in meme coins, which was "effectively a form of protest against the SEC's unclear regulation."

Capilnean pointed out that with Trump taking office, the crypto industry "may shift from pure speculation to utility-driven growth, and developers will have more confidence to launch more complex applications without worrying about regulatory resistance."

Over the past year, many Solana developers in the United States have said that if regulation becomes clear, the chances of their products finding market fit will increase greatly. Now is the time for them to prove it.

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

Fourth,Eric Trump, the eldest son,confirmsthe legitimacy of TRUMP coin

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