As the incoming US President, surprisingly issued an official meme coin on the morning of the 18th in Taiwan time. As many Americans were already resting at that time, it was also hailed as a great victory for the Chinese-speaking area. In less than 12 hours, the market value of the coin has surpassed $36 billion, with nearly 500,000 addresses holding it. has compiled nine secrets behind 's coin issuance that are not known to the public, which may reveal the wealth code.
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ToggleThe coin drives the download craze, surpassing
The link to purchase the tokens on the official website of $TRUMP is the link to buy the meme coin through . is a meme coin trading website launched by Dexscreener, with the main feature of integrating Apple Pay and credit card deposit services. During the meme season in the fourth quarter of last year, there was also an effect of coins being listed. The community believes that meme coins selected and listed on have a higher chance of rising. has also ridden on the coattails of to top the free finance app rankings on the US App Store, surpassing , , , and .
attracts 200,000 new users in half a day and processes nearly $400 million in trading volume, setting a record
The team stated that they processed nearly $400 million in trading volume within 12 hours, breaking the fiat entry record and attracting over 200,000 new users to trade on the .
The coin issuance address fees come from a Chinese exchange
The SlowMist team discovered that the source of the fees for the token creation address 5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7 actually came from transfers from , , and the decentralized exchange , rather than US exchanges like or , which makes one wonder if the coin team is Chinese.
The issuer of the meme coin is the previous team
Additionally, someone has also found clues on the official website, including the domain being purchased for only one year and the contact address being a small store in Florida. The "owners of Fight Fight Fight LLC, CIC Digital LLC and Celebration Cards LLC" mentioned on the website are actually the companies that previously issued -authorized .
Large cross-chain capital inflows into Solana, almost on par with ETH
According to Wormholescan data, the amount of cross-chain transactions to the Ethereum mainnet and Solana have been almost on par in the past seven days. As of the editorial deadline, the amount of cross-chain transactions to Ethereum was $199 million, while to Solana it was $192 million. Today, whether it's the AI proxy tokens or meme coins on Solana or Base, there is a clear blood-sucking phenomenon. Of the $192 million that flowed into Solana, 88% came from the Ethereum mainnet.
The community is stirring up a craze to switch from ETH to SOL, Vitalik urgently reforms the Foundation
After Trump issued tokens on Solana, the community also sparked widespread discussion, with many converting their ETH positions to Solana. One part believes that Trump's recognition of Solana means that Ethereum's compliance moat may soon be breached. On the other hand, they believe that Solana has also been recognized as the American chain, after all, Trump has brought his own traffic to the chain. Ethereum has always been seen as leaning towards political correctness, but the Republican Party's path is obviously not like this. Of course, the weak trend of Ethereum itself and the development of the ecosystem not as expected are also the main reasons.
Vitalik Buterin may also feel the pressure, proposing five major reform policies to overhaul the Ethereum Foundation. He also stated that he supports ETH's contact with institutions and countries, and is willing to discuss ETH from an asset perspective. AAVE co-founder Stani also stated that the Ethereum Foundation should focus on accelerating innovation, making Ethereum as cheap as possible, while not affecting security or making the system too complex. The Ethereum Foundation should be a lean and decentralized machine. Anyone who is not willing to contribute should leave the Foundation.
The Crypto Czar's Dinner, Setting the Narrative for the American Chain?
Crypto Czar David Sack also hosted a dinner and claimed that the tyrannical rule of cryptocurrencies is over. In addition to the Stand with Crypto background from Coinbase and the exchange Kraken, projects such as Solana, Sui, Ondo, Uni, Movement, Plume, XRP, and INJ also attended the event to join in the celebration.
Meteora emerges as a dark horse, TRUMP's trading volume far exceeds Raydium
Since $TRUMP was issued on Solana, many people's first instinct was that the Raydium exchange would benefit from this, and the price was also like this. But in fact, according to Coingecko data, the trading volume of the $TRUMP token on the DEX called Meteora is 2.6 times that of Raydium. This may be intentional by the official, placing the liquidity on that DEX, which is worth paying attention to. It's worth mentioning that Meteora is actually another DEX opened by Ben Chow, the co-founder of Jupiter.
$25.2 billion on paper, just need to obtain two-thirds of the private key?
Finally, the $TRUMP page states that the initial issuance accounts for 20% of the total, and the remaining portion will be gradually unlocked within three years. But unlike before, these tokens are not locked through smart contracts, but are simply lying in the holder's address. As of the editorial deadline, the account balance of this address is about $25.2 billion, and anyone may not be able to resist the temptation to steal the address. However, Yuxin stated that the address is just a simple multi-signature wallet, and as long as two of the three private keys are obtained, the funds can be stolen, but the problem may be how to launder the stolen goods.
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