Quick Pass 30 Billion US Dollars
On the morning of January 18, Beijing time, Trump's social account launched his personal Meme coin TRUMP.
However, 12 hours later, GMGN market data showed that the market value of "Trump Meme Coin" TRUMP reached 30 billion US dollars, surpassing PEPE and becoming the third largest Meme coin by market value, and also surpassing the market value of Trump's media technology stock DJT.
US President-elect Trump plans to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote the adoption of digital assets in the first few days after taking office, according to multiple people familiar with the matter.
In the future, after taking office, US President-elect Trump plans to issue an executive order to list cryptocurrency as a national priority and establish a cryptocurrency advisory committee within the government to speak for the industry's policies. Sources said the order is intended to guide government agencies to work with the crypto industry, reflecting its strategic importance. In addition, Trump's team is also discussing stopping federal lawsuits against cryptocurrencies to promote the development of the industry.
Not only that, Trump is "open to the idea of establishing a strategic reserve containing digital currencies created by the United States."
While many in the cryptocurrency community are cheering Trump’s upcoming pro-cryptocurrency executive order, one proposal has sparked more controversy: the creation of an “America First” strategic reserve that would prioritize U.S.-created digital currencies such as Solana, USD Coin, and Ripple. Trump has met with the founders of these digital currencies in recent weeks, and sources have said he is open to the proposal.
As Trump’s inauguration approaches, crypto industry executives are vying for access to Trump himself and seats on the planned cryptocurrency advisory committee.
As of press time, according to the information provided by Dune, the data of TRUMP are as follows:
The picture of TRUMP Token comes from the photo taken on July 13, 2024 when Trump raised his hands and shouted the iconic battle slogan "FIGHT" after being assassinated.
GetTrumpMemes.com stated that Trump Memes is intended to express support and participation in the ideals and beliefs embodied in the "TRUMP" symbol and its related artworks, and is not intended to be the subject of an investment opportunity, investment contract or any type of security.
Currently, it has been launched on Moonshot, supporting traditional payment methods such as Apple Pay, Visa, Mastercard, Venmo, etc.
As of the time of posting, the total amount of retail inflows on Moonshot has exceeded US$170,000.
In addition, its official website also wrote: "On July 13, 2024, President Trump faced death, but he stood up bravely! He waved his fist and issued the iconic battle slogan "Fight, fight, fight", showing the world the true colors of a leader.
His strength and courage ignited a movement and became the most memorable meme of this century.
Now you can learn about your own history. This Trump meme celebrates a leader who will never back down no matter what the situation. Join the Trump community - we are all fighting for important things."
It is worth noting that Trump Group's subsidiaries CIC Digital LLC and Fight Fight Fight LLC together own 80% of TRUMP, but are subject to 3-year unlocking plan. CIC Digital LLC and Celebration Cards LLC, owners of Fight Fight Fight LLC, will receive trading revenue generated by TRUMP's trading activities. Coinbase Global Inc. Vice President of U.S. Policy Kara Calvert said: "I think what Trump will do is show that the United States is back and we are ready to lead the way in this industry. This is a signal to other countries: Be careful, otherwise you will not be able to keep up." DWF Labs partner Andrei Grachev tweeted that Trump is doing the best marketing for the cryptocurrency market. Greeks.live said that the market maintained strong momentum before Trump's inauguration. Traders are cautious about selling call options, and generally believe that trying to go against the trend may be dangerous. Some traders note that there may be excessive gains, but believe that the market is unlikely to see a significant correction before the end of the inauguration.
Looking to the future, as President Trump is about to take office and plans to issue an executive order in support of cryptocurrency, the prospects for the Web3 market will be even broader.
By reducing the regulatory burden on cryptocurrency companies and promoting the adoption of digital assets, TRUMP Meme Coin is expected to gain more recognition and support worldwide.
In addition, the establishment of an "America First" strategic reserve will further consolidate the United States' leadership in the field of digital currency.
In the future, TRUMP Meme Coin will not only become an important member of the cryptocurrency market, but will also lead a new financial revolution and promote the development of the global digital economy. Let us wait and see and witness this historic moment.
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