Friends, there’s no need to discuss how the Trump family shook up the market with their meme launches, which many people massively profited from — you already know the story.
What’s more interesting is to talk about the consequences and the impact Trump has made on the crypto space through such performances.
💵 Many understand that the token launches were intentionally timed just before the inauguration, which successfully took place yesterday. According to the U.S. Constitution, the president cannot abuse their office for personal enrichment.
So far, this hasn’t affected things much, and everything looks quite positive, but the future is uncertain — impeachment is still on the table.
🔤 Here’s the current situation:
1️⃣ Two major launches in a row (TRUMP and MELANIA) drained liquidity from other assets. Every sector, from L2 to AI, was affected.
People were massively selling off their assets, likely at a loss, in hopes of catching the «life chain change.» But we know how it ended for 90% of people.
During the spike in activity, Phantom wallet received over 8,000,000 requests per minute, and Moonshot reached the top spot in the App Store.
2️⃣ Celebrity token trend. While there hasn't been a huge boom yet, many media figures, including members of the Trump family, inspired by the success, are hinting at launching their own tokens. For example, just yesterday,
«Trump’s maid» did it 😁.
P.S. A few days ago, the Liberty Reserve wallet
purchased the domains Trumpcoin.eth, EricTrump.eth, and BarronTrump.eth. Just a thought...
🐸 It’s likely that people will quickly tire of these launches, given the huge amount of scams coming from various figures. The attention will likely shift to more substantial projects, like tier-1 meme coins and the AI sector.
This will be the natural progression for the newly arrived masses. If they made money on a meme, why go anywhere else?
3️⃣ Solana in top form. Liquidity has flowed into it in abundance. The key now is to ensure that this is new capital that can sustain the growth of the market moving forward.
The ETH launch on Solana has gotten much closer, as, essentially, the president personally approved its legitimacy.
4️⃣ Donald’s fund, Trump’s World Liberty, is actively buying crypto. Yesterday, it made several large purchases: ETH, LINK, TRX, and AAVE, each worth around $4.7 million.
Currently, the company
holds crypto worth $326 million, with over 60% of it in ETH.
5️⃣ Trump appointed Mark Ueda, a well-known crypto industry supporter, as acting chairman of the SEC.
6️⃣ The president has already begun signing his first executive orders, and soon, some of them will directly affect our sector.
According to the CEO of Bitcoin Magazine, they’ve received confirmation that the first 200 executive orders include cryptocurrency.
❕ It’s important to note that any negative news right now could seriously crash the market. Against the backdrop of such positivity, this could create a major imbalance and fear in people’s minds. If you’re holding your assets, keep doing so, as, based on the current narrative, the influx of fresh liquidity is quite close 🔥
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