President-elect Donald Trump will be officially sworn in on February 12, which means that the United States' cryptocurrency policy may undergo a major transformation. Recently, President-elect Trump has launched a personal meme coin ($TRUMP), which has quickly ignited the global cryptocurrency market. This token has not only seen its market value soar in just a few days, but has also become the center of market discussion, triggering widespread discussion about its underlying intentions and its impact on the future of the cryptocurrency market.
The Birth and Success of the Meme Coin $TRUMP
As Trump's personal meme coin, $TRUMP has quickly attracted market attention with its unique political symbolism and community effects. Meme coins are a type of cryptocurrency driven by community consensus and enthusiasm, often existing in a lighthearted and humorous form, and not primarily aimed at practical application. $TRUMP has a total supply of 1 Bit, with 200 Bit released on the first day, and the remaining portion to be gradually unlocked over three years. The official defines it as "a tribute to a leader who does not shrink from challenges", and emphasizes that this token is unrelated to political campaign activities.
Since its official launch on January 18, $TRUMP has quickly soared from an opening price of $0.18 to a high of $30 on the same day, and reached a high of $80 on January 19, with a fully diluted market value (FDV) exceeding $70 Bit. This performance has quickly made it the cryptocurrency with the largest increase this week, attracting a large number of investors and market attention.
From Doubt to Trust: The Legitimacy of $TRUMP
When $TRUMP was first launched, the market was full of doubts about its authenticity, as there have been many cases of fraud using celebrity effects in the past. Many were concerned that this might be an opportunistic move using Trump's name. However, as Trump himself issued a statement on his social media platform Truth Social, claiming this as his "only official meme coin", the market gradually dispelled its concerns. In addition, CIC Digital LLC, the operator of the project, has also been involved in the operation of Trump's NFT platform, further enhancing investors' trust in the project.
$TRUMP also has a publicly transparent token economic plan. 80% of the tokens are jointly held by CIC Digital LLC and Fight Fight Fight LLC, subsidiaries of the Trump Group, and will be gradually released according to a three-year unlocking plan. This arrangement has reduced market concerns about large holdings being cashed out immediately, earning more trust for $TRUMP.
Rapid Listing: The Active Participation of Exchanges
$TRUMP has received the support of multiple exchanges after its launch, which is one of the key reasons for its rapid rise. Centralized exchanges such as Binance have quickly listed $TRUMP trading pairs, with Binance even opening 25x leverage perpetual contract trading, setting a new record for the speed of new coin listings. Similarly, OKX and Bybit have also quickly taken action to include $TRUMP on their trading platforms. This rapid response from exchanges not only demonstrates the market heat of $TRUMP, but also shows the high sensitivity of exchanges to the celebrity cryptocurrency effect.
In addition, decentralized exchanges have also shown great enthusiasm for $TRUMP. Platforms such as Raydium and Meteora have quickly listed the coin, providing additional liquidity to the market. The Moonshot trading platform alone processed nearly $400 Bit in trading volume on the first day, attracting over 200,000 new users to join. These data further demonstrate the hot market performance of $TRUMP.
Celebrity Effect and Future Outlook
The success of $TRUMP has also left people full of expectations for the prospects of celebrity-issued coins. As a paradigm of meme coins, $TRUMP has demonstrated the huge influence of the celebrity effect in the cryptocurrency market, especially in areas like meme coins that rely on consensus-driven. The market generally predicts that celebrities like Elon Musk, the founder of Tesla, may follow this trend. As a supporter of Dogecoin, if Musk chooses to issue a personal meme coin, it will further heat up the market.
On the other hand, the rise of $TRUMP has also led people to discuss the potential of the "political meme coin" market. As more political figures join this ranks, the application of cryptocurrencies may expand into the social and political spheres, thereby changing people's perception of cryptocurrencies.
The Impact of Trump's Inauguration: The Intersection of Policy and Market
Trump will be officially sworn in on February 12, which means that the United States' cryptocurrency policy may undergo a major transformation. During the campaign, Trump has repeatedly emphasized his support for cryptocurrencies and proposed to make the US the "global capital of cryptocurrencies". It is reported that he plans to sign an executive order in the first week of his term to reduce the regulatory burden on cryptocurrency companies, and also establish a cryptocurrency advisory council to involve industry insiders in policy-making.
The market generally believes that Trump's policy stance will have a far-reaching impact on the entire cryptocurrency market. His executive order may include a plan to establish a national Bitcoin reserve, which will not only enhance Bitcoin's status, but also greatly boost market confidence. Under the stimulus of Trump's policies, the price of Bitcoin has rebounded to $100,000, and analysts generally believe that its price is expected to reach $140,000 to $150,000 in the next few months.
In addition to Bitcoin, Trump and his team's deployments in the Decentralized Finance (DeFi) field are also closely watched. They have launched the World Liberty Financial (WLFI) project and invested in multiple DeFi protocols, indicating that Trump and his team are optimistic about the potential of DeFi. As the regulatory environment becomes clearer, these projects may usher in broader growth opportunities.
A revolution in the cryptocurrency market has officially begun
The launch of the $TRUMP meme coin is not only a market event, but also a revolution in the cryptocurrency industry. It demonstrates the huge driving force of celebrities and policies on the market, and also shows the potential of decentralized technology in the future economy. With the inauguration of Trump and the participation of more celebrities, the development prospects of the cryptocurrency market will be broader.
However, the success of $TRUMP also reminds us that the prosperity of the market cannot be separated from sound regulation and transparent mechanisms. For market participants, seizing this opportunity while maintaining rationality is the key to obtaining long-term returns in the rapidly changing cryptocurrency market. As Trump's policies are gradually implemented, we will witness how cryptocurrencies transform from a niche market to an important part of the global financial system.
