Trump has taken action! A surge of 41,600% in just two days, followed by the launch of the First Lady $Melania token. The presidential couple joins hands to write the story of the "crypto revolution"?
The world of Web3 has been stirred up overnight! Countless group friends are sharing jaw-dropping profit screenshots, and various influencers are shouting "financial freedom," all due to the emergence of $TRUMP. This token, which skyrocketed 41,600% just two days after its launch, not only reshaped the market's perception of MEME coins but also prompted people to ponder whether Trump's "crypto revolution" is a wealth myth or a harvesting trap.
The Entire Trump Family Enters the Crypto World
On the 18th, Eastern Time, Trump unexpectedly announced on Twitter: " My brand new official Trump meme is here! It's time to celebrate everything we represent: victory! Join my very special Trump community ." In an instant, even his campaign financier Elon Musk expressed confusion, even suspecting that Trump's Twitter had been hacked. Subsequently, Trump's son also stated that OFFICIAL TRUMP is "the hottest digital meme on Earth," yet the Trump team has not made any comments regarding the token. OFFICIAL TRUMP was issued on the Solana mainnet and managed early liquidity through Meteora, with a launch price of only $0.18, rising to a peak of $75.8 within two days, an increase of 421 times, entering the top 20 cryptocurrencies by global market capitalization, currently with a market cap of $11,552,782,436 , which has already surpassed a quarter of Doge's market cap , showing signs of catching up with Musk's Doge. At the same time, it has driven a nearly 50% rebound in $SOL.
Even more surprisingly, two days later, Trump's wife, MELANIA TRUMP, also issued her own cryptocurrency, promoting it on her social media, named $MELANIA, which has already achieved a 256-fold increase.
Trump's son's tokens have also emerged, such as Eric Frederick Trump's $Eric token and $BARRON, both achieving a hundredfold increase.
Goodness, overnight, the entire Trump family, which controls the financial dominance globally, has entered the crypto industry. The decentralized world seems to be gradually becoming centralized, but the old money effect of celebrities makes the market even crazier, once again confirming the weaknesses of human nature. We always habitually chase wealth on the surface, while very few people take the time to think and view the essence of things!
Will the Highly Centralized $TRUMP Token Economics Become a Huge Scythe?
According to Lookonchain data, a whale withdrew 61,205 SOL ($14.3 million) from OKX, purchasing 1.27 million tokens at an average price of $11.25, making a profit of about $11 million; another whale spent $8.5 million USDC, buying 1.03 million tokens at an average price of $8.28, making a profit of about $11.8 million. Within 90 seconds after Trump announced the Truth Social token statement, a trader used $1.09 million USDC to purchase 57,000 $TRUMP tokens and turned $1.1 million into $70 million within just 4 hours, currently still holding 4.62 million $TRUMP tokens worth $67.5 million. $Trump has indeed created many wealth myths, but can $Trump really develop sustainably? Currently, it does not seem so.
The total issuance of $Trump is 1 billion tokens, with early liquidity of 200 million tokens. According to official information, the remaining 800 million will be gradually released over the next three years (monthly unlocks), while the biggest problem is that 80% of the total token supply is held by two entities: Trump's organization subsidiary CIC Digital LLC and the Delaware company Fight Fight Fight LLC registered on January 7.
A blockchain analyst named Conor tracked on-chain data and found that the Trump team has sold $500 million worth of $Trump tokens, and the flow of these tokens is basically sold to the market or used as unilateral liquidity. Whether the assets sold for cash or unilateral liquidity will be reallocated is currently unclear.
Key Addresses:
DEV Address: Holds 1.8%, distributed 800 million tokens to four holding addresses after minting 13 hours ago.
Address waiting to unlock: Holds 80%, likely corresponding to locked tokens: 2RH6rUTPBJ9rUDPpuV9b8z1YL56k1tYU6Uk5ZoaEFFSK
Liquidity injection address: Two addresses injected a total of 134 million TRUMP's unilateral liquidity.
Unclear purpose address: Received 30 million tokens but has not taken any action.
Currently, these five addresses hold a total of 86.6% of the tokens.
Currently, the Trump team has made at least $58 million in profits just from trading $Trump, and including holdings and controllable assets, the total exceeds $50 billion. This highly centralized control of token rights asset management indeed violates the "fair spirit of Web3," but under the temptation of high multiples and endorsements, many people are still willing to try, even blindly rush in, while the token currently has no clear future development plan, whether it will be linked to Trump's other industries? Or what Web3 scenarios will it empower and explore? This can be closely monitored as a reference for future investments.
High Volatility and Concerns About Ponzi Schemes
From early liquidity injection to unilateral liquidity configuration, the market performance of $TRUMP relies more on the push of FOMO emotions. Some on-chain data analysis indicates that certain whales have achieved tens of millions of dollars in profits through large token operations in a short time, while ordinary investors face high risks of chasing highs. Once market enthusiasm declines, this highly volatile MEME coin may quickly depreciate, leaving a mess behind.
The Double-Edged Sword of Political Crypto Assets
The collective launch of tokens by the Trump family marks the deep involvement of political celebrities in the Web3 field. This combination of "politics + crypto" undoubtedly attracts a large amount of traffic in the short term but also brings long-term uncertainties. Will $TRUMP be used as an alternative tool for campaign funding? Will it lead to controversies due to policy and legal issues in the future? These questions do not yet have clear answers but are worth close attention from every investor.
$Trump Does Not Rule Out Rogue Tactics of American Financial Politicians
Recently, the popular TikTok was said to be banned in the U.S., but soon after, news of its re-listing emerged. Will $Trump's tactics be consistent? Trump has reached an unwritten agreement with certain financial tycoons to create stories and issue popular MEME tokens leveraging the heat of his presidency. Although this has also received acknowledgment from Trump's personal media, after the FOMO emotions and money-making games end, will Trump use various reasons to clarify or distance himself? For Trump as a businessman, making money has always been a consistent tactic, and I believe this probability exists.
The Future Value of $TRUMP: Worth Betting or Staying Observant?
Short-term performance: Driven by celebrity effects and FOMO emotions, $TRUMP may continue to attract capital inflows in the short term, especially in a market environment with loose liquidity. However, the risk of a pullback after high multiples of growth is equally high.
Long-term potential: If $TRUMP can empower the token through real application scenarios and economic models, such as linking to Trump's campaign activities or media business, its long-term value will be more supported. However, currently, the project team has not clarified future plans, which undoubtedly casts a shadow over the token's long-term development.
Investment advice: For ordinary investors, $TRUMP is more of a high-risk, high-reward speculative opportunity rather than a long-term investment target. The market needs to rationally view this MEME coin craze centered on "political endorsement" and not blindly follow the trend.
Overall, the heat of Web3 and reflective events are too numerous. We still need to analyze a token's value based on whether it aligns with economic logic, whether it has high transparency, whether the application scenarios are reasonable, and whether the distribution is fair. Of course, as a powerful public figure, Trump should be responsible for everything he expresses and does, rather than leveraging various trends to make money. However, this time has undoubtedly confirmed the U.S.'s reform attempts in the crypto economic financial base. We look forward to seeing more actual planning and pilot activities on the official $TRUMP website, rather than products of emotions and political endorsements!