Trump issues coin, an $80 billion "cryptocurrency open class"

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From Non-Fungible Token, DeFi to MEME, the Trump family are the masters of playing Crypto.

Author: Zhou Zhou, Foresight News

The official "President Coin" TRUMP issued by the US President Trump reached a market value of over $80 billion in less than two days.

This event will undoubtedly become an important historical event. And whether for crypto practitioners or bystanders, this "Trump Coin Issuance Incident" will also become a good opportunity to iterate and update the understanding of the crypto industry.

As a participant and observer, I witnessed the entire process of the "President Coin" explosion, from discovering it at 10:50 am on January 18th (when the TRUMP token was worth about $3 billion) to the end of the observation period on the evening of January 19th (when the TRUMP token was worth $80 billion). I have also had extensive discussions with other crypto practitioners. I will try to summarize and record these observations and discussions.

President Crypto Course Lesson 1: Opportunities are on-chain

If you don't play Phantom, Jupiter and other DEX (decentralized exchange) products, you will most likely miss this TRUMP opportunity. If you don't have enough funds on-chain, you will also most likely not get enough returns from this event.

The Trump Coin Issuance Event has become the most iconic turning point, indicating an irreversible trend: the center of cryptocurrencies is rapidly shifting from CEX (centralized exchanges) to DEX (decentralized exchanges).

Within a day and a half after the TRUMP token was launched, without any major centralized exchanges listing the token, the TRUMP market value reached $50 billion. Data shows that in January 2024, the trading volume of DEX will only account for 9.3% of CEX, while in January 2025, this figure will rise to 17.6%. These data indicate that DEX is replacing CEX to become the most important "gathering place" for cryptocurrency players.

In addition, the performance of the decentralized contract exchange Hypeliquid has also surpassed many centralized exchanges in this event. Hypeliquid was the earliest exchange to list the TRUMP contract, listing it around 1 pm on January 18th, and it only took three hours to list the contract, at which time the TRUMP market value was around $10 billion (the highest market value on the second day reached $80 billion). The contract for the First Lady Coin MELANIA was listed around 10 am on January 20th, and it took less than 5 hours to deploy the hot token contract.

Essential Crypto Products: Phantom, Jupiter, Uniswap

President Crypto Course Lesson 2: In the world of martial arts, speed is king

The TRUMP token was launched around 10 am on January 18th, with an initial price of about $0.18. By the evening of January 19th, TRUMP reached a high of $80. This period saw an increase of over 400 times.

During this period, you need to be quick to discover the opportunity, and also quick to make decisions, in order to get in at a lower price.

The best traders bought TRUMP before 10:30 am, such as 0xSun, Dayu, Yuyue and other KOLs. They have a common feature - they have the habit of monitoring smart money on-chain. The habit of monitoring on-chain wallets allows them to discover opportunities the fastest. Real-time monitoring of on-chain smart money requires products like GMGN, Debot, and Vector. Tech-savvy crypto practitioners may even write their own code to monitor the addresses of on-chain smart money.

Discovering the opportunity is the first step, and decision-making is the second step.

In this "Trump Coin Issuance Incident", the two platforms that need the most attention are: Twitter and Moonshot, which are important reference platforms for many crypto practitioners to decide whether to buy TRUMP. The time when the Trump official Twitter posted was 10:44 am, which represents the authenticity of the event, and the price of the token on Moonshot was $1.21, which further verifies the authenticity and importance of the event. This was also the time window when most people could seize this opportunity.

Essential Crypto Products: GMGN, Vector, Debot, Twitter, Moonshot.

President Crypto Course Lesson 3: Cognition determines position, tools determine speed

Cognition determines position. Some people bought early but bought little and sold earlier; some people bought late, but had more on-chain funds, or used cross-chain products, and dared to take large positions. These ultimately determined the final results.

When the TRUMP market value was $5 billion, some people were still doubting the authenticity of this event, but some people had already determined that its market value would exceed the $60 billion market value of Dogecoin. Some people thought the on-chain funds could not bear the $60 billion new token in two days, while some people had already understood the huge difference between the TRUMP token's market value and its FDV.

If there is not enough SOL on-chain, you won't use products like UniversalX to convert ETH to SOL, then you will most likely miss out on the big profits; if you don't realize that TRUMP will surpass DOGE, then you will most likely miss the highest gains; if you don't see that TRUMP is sucking blood from all other cryptocurrencies, then you will most likely miss the highest gains; if you don't see the huge difference between FDV and market value, then you will most likely miss the highest gains; if you don't see the importance and breakthrough of the Trump Coin Issuance event, and don't realize the global consensus on the US President, then you will still most likely miss the highest gains; if you see TRUMP token as an ordinary meme, you will also miss the biggest gains... Tools determine the speed of asset flow, while cognition determines position.

Essential Crypto Products: UniversalX, GMGN, Coinmarketcap

President Crypto Course Lesson 4: The Meaning of MEME

After Trump issued the coin, many "crypto big V" criticized Trump for using his power for private gain, and criticized MEME as having only PVP attributes and no real value.

However, there seems to be no fairer asset issuance method than MEME. When large centralized cryptocurrency exchanges have repeatedly violated rules such as "high listing fees", "insider information", and "contract needle insertion", MEME is the only fair asset issuance method; when some large public chains have situations like "marketing costs millions of dollars a year", "complex interest groups", and "setting higher and higher entry barriers for emerging startups", MEME is the only relatively fair asset that all participants can trust.

Before the emergence of AI Agent narratives, MEME seemed to have never found a valuable application scenario, but after the emergence of AI Agent narratives, people found that MEME is just a technical product form, and how to use it depends on people, not the MEME itself. When AI Agent encountered MEME, many practitioners also found that MEME can also drive many interesting things.

MEME is not that good, but the old world is worse.

Essential Crypto Products: Pump.fun, Clanker, Virtuals, ai16z

In the end

The US President Trump issuing a MEME coin is an unprecedented but not the last event of its kind. This has given everyone an extremely vivid crypto lesson.

In this lesson, some trends have become more obvious: DEX is surpassing CEX and becoming the new crypto center; Solana is surpassing Ethereum and becoming the new public chain king; MEME is subverting VC coins and advocating a fairer way of listing.

In this lesson, some products have gained huge exposure, Moonshot added 400,000 new users in a day, with a daily active user of 1 million; UniversalX's trading volume is 20 times the daily average; the MEME coin issuance platform Pump.fun is expected to have an annual revenue of nearly $400 million; Phantom's daily trading volume exceeded $1.25 billion, with over 8 million requests per minute, constantly challenging the transaction limits of blockchain products.

Trump's coin issuance is not just a simple combination of politics and cryptocurrencies, it has become an event that is even more groundbreaking than Bitcoin breaking through $100,000. It has caused a large number of people around them who are not familiar with cryptocurrencies to pay attention to this industry again. This news became the 7th hottest search on Weibo, topped the social news hot search list on Douyin, and also became the headline news of major US media, with a surge in Google searches for Bitcoin...

The impact of this $80 billion "Trump Crypto Public Course" on the future is still fermenting.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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