Editor | Wu Blockchain
The day after the Trump team suddenly issued a token, the market cap once reached a high of $80 billion, 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, flowing to on-chain purchases of TRUMP. Moonshoot + Meteora/Jupiter created over $30 billion in memecoin in less than 10 hours without any CEX. After reflection, Bybit will focus on building Onchain Bybit in 2025, and heavily invest in the Bybit web3 wallet. If you don't join this revolution, you will be eliminated.
Regarding the rumor that the team sold the coins, Arkham's analysis shows that the Trump team did not sell the $500 million TRUMP. The team holds about $500 million in TRUMP liquidity pools on-chain, and has withdrawn a total of $20 million (USDC), and sent $92 million TRUMP to the exchange. The current liquidity pool holds about $370 million USDC, mainly held by team wallet 1.
According to defillama data, in the hot trading of TRUMP tokens, on January 18, Solana's largest DEX Raydium captured a single-day fee of $25.07 million and revenue of $2.85 million, both hitting record highs, and it was the on-chain protocol with the highest fee capture that day. According to the data panel of Bitget researcher @0x9seed, on January 18 when the TRUMP token was launched, Moonshot captured a single-day fee of $1.597 million and had 93,600 trading users. According to the data panel of @adam_tehc, on the day of the TRUMP craze, the on-chain MEME trading tool GMGN had a trading volume of about $153 million on the Solana chain on January 18, capturing $1.52 million in fees, both hitting record highs. GMGN has now cumulatively captured over $34.6 million in fees.
Folius Capital founder Jason said that the Trump token issuance has epochal significance: it basically tells you that issuing tokens is not a problem, and there will probably be 1-2 top-level airdrops in the next month. Imagine that as long as Americans register/KYC + have on-chain addresses, they can directly receive airdrops, plus TRUMP can be used to obtain cash flow + assets in various ways. The hope of the Trump faction being elected in 2028 has increased significantly. The actual support probability of the Trump faction for the crypto circle is on the rise. ETH better hurry up. If the wealth effect continues to be fully generated on SOL, the subversion of the industry's position will be within 12-24 months. SOL itself will become the wealth effect in the next 3 months. There is no conclusion yet on whether Asia-Pacific policies will follow up, and if so, it will be a major industry boost. The next step is actually very simple: issue tokens and communicate with the Trump team, let TRUMP/WLDFI buy the tokens. Establish a buying community on a large scale by purchasing KOLs. Obtain cash flow through issuance or sales, acquire cash flow businesses to consolidate the enterprise, and operate in perpetuity.
1confirmation founder Nick Tomaino criticized that Trump owns 80% of the TRUMP tokens and launched them just hours before the inauguration, which is predatory, and many people may be harmed. Trump should airdrop to the public instead of using this to enrich himself or his team.
Skybridge Capital founder Anthony Scaramucci said this is detrimental to the industry and equated it with the level of corruption of former Ugandan President Idi Amin. Meidas Touch co-founder Ben Meiselas believes Trump should focus on more pressing matters. Barstool Sports founder Dave Portnoy drew a parallel between this incident and the alleged pump-and-dump scheme of the meme coin HAWK involving influencer Haliey Welch.
According to the Solscan browser, the Trump team address: 7qtDv7...nkRnpE set up a 2 million TRUMP single-sided liquidity on Meteora, and has already 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 Trump team address: 7qtDv7...nkRnpE has a position of about $30.16 million on Metaora, but has 500,000 TRUMP out of range (worth about $12.31 million).
On the 19th, Binance, Coinbase, and OKX also announced the listing of TRUMP (OFFICIAL TRUMP) spot trading.
The TRUMP team address 2Fe47...gWSkv again injected 1.5 million TRUMP single-sided liquidity into the TRUMP/USDC liquidity pool through Meteora, worth $52.75 million. This pool is currently the main liquidity pool for the TRUMP/USDC trading pair, containing 5.13 million TRUMP and 398 million USDC, with a TVL of $577 million. However, the current total TVL of the TRUMP/SOL liquidity pool has surpassed it, reaching $728 million, with a trading volume of nearly $3.3 billion in the last 24 hours, almost equivalent to the trading volume of the Ethereum mainnet ($3.6 billion) during the same period.
A whale transferred 186,000 TRUMP ($6.81 million) to the Binance Deposit on this day at 14:19 UTC+8. This whale: 5dy51w...Q9sCp1 still holds 200,000 TRUMP, worth about $7.32 million. GMGN data shows that the associated address of this whale: 7zatCL...hvmaJT spent about 620,000 USDT to buy 843,700 TRUMP at an average price of $0.735, and then sold part of the holdings at an average price of $4.24 to recover the principal.
A whale used 61,205 SOL ($14.18M) on January 18 to buy 1.271 million $TRUMP at $11.15. He is the 10th largest holder of TRUMP. 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, expected to realize a profit of $29.48M.
Cardano co-founder Charles Hoskinson tweeted that Trump's $29.6 billion net worth is 78.5% in cryptocurrencies, making him one of the wealthiest crypto entrepreneurs. This is mainly due to Trump's Meme coin TRUMP. Hoskinson also pointed out that Trump's broad involvement in cryptocurrencies could lead to major changes in the industry. His administration may redefine the IRS's policies on capital gains tax and fair market valuation of digital assets, and these expected changes may impact the regulatory framework of the cryptocurrency industry.
AllianceDAO co-founder QiaoWang said Trump has two choices, to announce that his token will be used for some fiscal policy: buying Greenland, aiding Los Angeles, upgrading the power grid, etc.; or do nothing and just keep making money. The former will make the world talk about cryptocurrencies as the greatest capital formation mechanism in history, and it is used for good causes, the golden age of cryptocurrencies; the latter is a crime.
