Editor | Wu Talks about Blockchain
The day after Trump's team suddenly issued the coin, the market value once exceeded 80 billion US dollars, and the industry began to discuss its subsequent major impact.
Bybit CEO BEN said that yesterday all CEXs had a large outflow of SOL and USDC, rushing to the chain to buy TRUMP. Moonshoot + Meteora/Jupiter created more than 30 billion memecoin in less than 10 hours without any CEX. After reflection, 2025 will focus on building Onchain Bybit and investing heavily in Bybit web3 wallet. If you don't join this revolution, you will be eliminated.
Regarding the rumors of the team selling coins, Arkham analysis shows that the Trump team did not sell $500 million of TRUMP. The team holds about $500 million in TRUMP liquidity pool on the chain, withdraws a total of $20 million (USDC), and sends $92 million of TRUMP to the exchange. There are currently about $370 million USDC in the liquidity pool, mainly held by the team wallet 1.
According to DeFiLlama data, during the hot trading of TRUMP tokens, on January 18, Solana's largest DEX Raydium captured $25.07 million in fees and $2.85 million in revenue in a single day, both of which hit record highs, and was the on-chain protocol with the highest fee capture on that day. According to the data panel of Bitget researcher @0x9seed, on January 18, when the TRUMP token was launched, Moonshot captured $1.597 million in fees and 93,600 trading users in a single day. According to the data panel of @adam_tehc, on the day when TRUMP was popular, the on-chain MEME trading tool GMGN had a transaction volume of about $153 million on the Solana chain on January 18, and captured $1.52 million in fees, both of which hit record highs. GMGN has currently captured more than $34.6 million in fees.
Jason, founder of Folius Capital, said that Trump's coin issuance has epoch-making significance: basically, it is clear that there is no problem with the coin issuance, and there will be 1-2 top-level quick-passes in the next month. Imagine that as long as Americans register/KYC + have an on-chain address, they can directly receive airdrops, plus TRUMP can exchange cash flow + assets in various ways. The hope of Trump's faction's election in 2028 has greatly increased. The probability of Trump's faction's actual support for the crypto circle is increasing. Ethereum has to hurry up. If the wealth effect continues to be generated entirely in SOL, the subversion of the industry's status will be within 12-24 months. SOL itself will become a wealth effect in the next 3 months. There is no conclusion on whether the Asia-Pacific region will follow up on policies. If there is, it will be a major industry benefit. The next step is actually very simple: issue tokens and communicate with the Trump team to let TRUMP/WLDFI buy tokens. Buy KOLs on a large scale to build a buying community. Obtain cash through additional issuance or sales, acquire cash flow businesses to consolidate the company, and operate sustainably.
Nick Tomaino, founder of 1confirmation, criticized that Trump owns 80% of the TRUMP coin shares and launched it a few hours before the inauguration, which is predatory and many people may be harmed by it. Trump should airdrop it to the people instead of using it to enrich himself or his team.
Anthony Scaramucci, founder of Skybridge Capital, said this is bad for the industry and compared it to the level of corruption of former Ugandan President Idi Amin. Ben Meiselas, co-founder of Meidas Touch, believes that Trump should focus on more pressing matters. Dave Portnoy, founder of Barstool Sports, compared this to the alleged pump-and-dump scheme of the meme coin HAWK by internet celebrity Haliey Welch.
According to Solscan browser, Trump team address: 7qtDv7…nkRnpE has set up 2 million TRUMP unilateral liquidity in Meteora, and has withdrawn 18.806 million USDC from it, of which 16.65 million USDC has been transferred to another team address: GRvmQx…U34bPg. Step data shows that the current position of Trump team address: 7qtDv7…nkRnpE in Metaora is worth about 30.16 million US dollars, but 500,000 TRUMP are outside the range (worth about 12.31 million US dollars)
On the 19th, Binance, Coinbase, and OKX also announced the launch of TRUMP (OFFICIAL TRUMP) spot trading.
The TRUMP team address 2Fe47...gWSkv once again injected 1.5 million TRUMPs worth $52.75 million into the TRUMP/USDC liquidity pool through Meteora. Currently, the pool is the main liquidity pool for the TRUMP/USDC trading pair, including 5.13 million TRUMPs and 398 million USDCs, with a TVL of $577 million. However, the total TVL of the current TRUMP/SOL liquidity pool has surpassed the previous one, reaching $728 million, and the trading volume in the past 24 hours is close to $3.3 billion, which is almost equal to the trading volume of the Ethereum mainnet in the same period (3.6 billion US dollars).
The big user: 5dy51w…Q9sCp1 transferred 186,000 TRUMP to Binance Deposit at 14:19 UTC+8 today, worth about 6.81 million US dollars. The big user: 5dy51w…Q9sCp1 still holds 200,000 TRUMP, worth about 7.32 million US dollars. GMGN data shows that the associated address of the big user: 7zatCL…hvmaJT spent about 620,000 USDT to purchase 843,700 TRUMP at an average price of $0.735, and then sold part of the position at an average price of $4.24 to recover the principal.
A whale used 61,205 SOL ($14.18M) to buy 1.271 million $TRUMP at $11.15 on January 18. He is the 10th largest TRUMP holder. On January 19, he transferred all 1.271 million $TRUMP ($43.66M) to OKX. He bought at an average price of $11.15 and transferred to OKX at $34.34, with an estimated profit of $29.48 million.
Cardano co-founder Charles Hoskinson tweeted that 78.5% of Trump's $29.6 billion net worth is in cryptocurrencies, making him one of the richest cryptocurrency entrepreneurs. This is mainly due to Trump's meme coin TRUMP. Hoskinson also pointed out that Trump's extensive involvement in cryptocurrencies may lead to major changes in the industry. His administration may redefine the IRS's policies on capital gains taxes and fair market value assessments of digital assets, and these expected changes may affect the regulatory framework of the cryptocurrency industry.
Qiao Wang, co-founder of AllianceDAO, said that Trump has two choices: announce that his tokens will be used for some kind of fiscal policy: buy Greenland, aid Los Angeles, upgrade the power grid, etc.; or do nothing and just continue to make money; the former will make the world talk about cryptocurrency as the greatest capital formation mechanism ever, and it is used for good causes, the golden age of cryptocurrency; the latter is a crime.
