Source: Wu Blockchain
This article is only a summary of objective information and does not endorse any investment behavior. Readers are strictly required to comply with the laws and regulations of their respective jurisdictions.
On the morning of January 18, 2025 Beijing time, Trump's Truth Social social media account posted an announcement that he would launch a personal Meme Token called TRUMP, and users need to visit the website "gettrumpmemes" to obtain the Meme Token. GMGN data shows that in less than 30 minutes after the opening, the market value of TRUMP has risen to about $700 million. The top-ranked address holds 80% of the Token, and the top 5 addresses hold more than 90% of the Token. Subsequently, Trump's Twitter account also forwarded the news, and the Token's market value then rose to $28 billion. In the evening of the 18th, the market value of TRUMP once exceeded $30 billion.
The TRUMP Memecoin creation address added $40 million in one-way liquidity and deposited 80% of the supply in a multi-signature. The multi-signature of the creator holds 80% of the total supply.
According to the GetTrumpMemes official website, Trump Memes aims to express support and participation in the unique understanding and belief in the ownership of the "TRUMP" symbol and related artworks, and is not intended to be an investment opportunity, investment contract or any type of securities theme. GetTrumpMemes.com is not involved in politics, is not related to any political campaign activities or any political office or government agency. CIC Digital LLC and Fighter Fight LLC, subsidiaries of the Trump Group, jointly own 80% of TRUMP, but are subject to a 3-year unlocking plan. The owners of Fighter Fight LLC, CIC Digital LLC and Celebration Cards LLC, will receive the transaction revenue generated by TRUMP transactions. At the same time, 200 million TRUMP will be available on the first day. It is expected to reach 1 billion TRUMP within three years. The distribution of each batch will be released on its own schedule within 3 years.
The initial SOL funding source can be traced back to the Gate platform. Data shows that the main Token holder address of TRUMP is 5e2qRc, and the funds are supported by the address DKbF4. It is worth noting that this address received funds from Gate 2 days ago and funds from Binance 10 days ago.
Due to the overwhelming response, Binance temporarily suspended SOL withdrawals, and the SOL withdrawal channel between the Solana network and the BNB Chain was temporarily closed.
BitMEX co-founder Arthur Hayes posted on X that "Trump launching a Token is the opening of the political Memecoin market. Any politician who is not afraid to understand the real-time thoughts of the people will launch their own Memecoin. The Token economics is false, but the FDV of this Token is heading towards $100 billion."
According to an official post on Jupiter's X, "Through close cooperation with the Meteora team, we ensured the perfect launch of TRUMP, which is obviously one of the largest issuances in crypto history." It is reported that the issuance of TRUMP used the same LFG technology stack as the JUP issuance, including DLMM pool, ILM design and tight Jupiter integration.
After Bybit, Gate, and Bitget, Binance announced that it will list the TRUMPUSDT perpetual contract on 2025-01-18 21:00 (UTC+8), with a maximum leverage of 25 times.
According to appfigures data, the cryptocurrency trading platform Moonshot app ranked first in the free finance category of the Apple App Store in the US region, surpassing Cash APP, Coinbase, Cryptocom and others. Earlier, Jupiter stated that it cooperated with Moonshot to promote the issuance and trading of the TRUMP Token.
Moonshot said that in the past 12 hours, we have been recommended as a purchase method on the official website of the TRUMP Token, processed nearly $400 million in trading volume, breaking the record for fiat currency entry, and attracted more than 200,000 new users to join. Moonshot has just provided support for one of the most important onboarding activities in crypto history.
The well-known market maker Wintermute said that the TRUMP Token is now tradable on the Wintermute OTC trading desk. Earlier on-chain analysis pointed out that the largest holding address of TRUMP is suspected to be Wintermute, which may be because Wintermute had previously cooperated to provide market-making services for the TRUMP Token.
Eric Trump, the eldest son of Trump, posted on the X platform, quoting the remarks of crypto czar David Sacks, "The reign of terror against cryptocurrencies is over, and the beginning of American crypto innovation has just begun." He also mentioned BTC, the Trump family project World Liberty Financial, and TRUMP.
Qiao WANG, the founder of Alliance DAO, criticized that it is cool for the president to fairly launch a Meme Token, and he fully supports it; but the launch of a Token with 80% of the supply provided to insiders completely changes its nature, which is the textbook definition of fraud. In addition, he said that jupiter meteora moonshot phantom pumpfun are the biggest threats to centralized exchanges, and he doesn't know how centralized exchanges will compete with them.
According to on-chain data, more than a dozen on-chain traders have made profits of tens of millions or even hundreds of millions of dollars by buying TRUMP Tokens early, and some have already sold and withdrawn their profits.
Analyst Haotian said that this is a phenomenal event where DEX challenges CEX, which will cause bloodsucking on existing assets on DEX in the short term, but in the long run it is actually a great benefit, so he still firmly believes in the outbreak of the "Spring of the Chain". The money-making effect of the super MEME is really strong, after all, MEME is simple and easy to understand, the entry threshold is low, it can quickly educate the market, attract new users and capital to enter, and the prosperous business model of the on-chain market cannot be without the existence of MEME. But MEME is just a catalyst, not the whole of the market. TRUMP can fly to $20B and become the MEME King, and the key to all this is the certainty of the president's issuance, which is fundamentally different from most MEME in the market.
