He is not the president, but his coin makes us line up to buy power. $TRUMP is not the first meme coin, but it is the first meme coin to gain 'real political empowerment'.
If you are among the top 220 holders, you can enter the mansion; if you are among the top 25, you can enter the White House. This gameplay creates a crack in the most fictional value narrative of the crypto world, showing that having money is not everything, but having coins might open the door to the presidency.
The crazy rise of the $TRUMP coin is actually a collective climax of 'crypto identity capitalism'. Everyone wants to be seen, to be chosen, and to have their photo taken. This triple structure of coin + identity + privilege is more lucrative than any DeFi protocol.
In the bewildering bear market, $TRUMP is like a privileged golden ticket that everyone is scrambling for. Because it is not currency, but a token in a 'prestige game'.