The greatest tragedy of mankind is that we never learn lessons, and because of this, history will fall into a cycle. Some people say that TRUMP coin has sucked a lot of money from Asians. Yes, judging from the opening time, it is aimed at Chinese and Korean cryptocurrency holders, but in 2025, looking at the cryptocurrency environment, this is undoubtedly a landmark event in cryptocurrency, which is worth recalling.

 

1. Issuance Process and Trends

TRUMP coin was launched on January 18, 2025, with an opening price of $0.1824. It soared by more than 15,000% to $30 within 12 hours, and once peaked at over $80. Its market value soared to $32 billion, surpassing many old tokens. It was issued based on the Solana chain and attracted users through decentralized exchanges (OKEX and others were launched). 400,000 new users were added within 24 hours, and the trading volume reached $750 million. The next day, Binance and other platforms launched contracts.

Later, the launch of Melania Coin by the First Lady triggered a market siphon effect, causing the price of TRUMP Coin to plummet by 60%, and mainstream currencies such as Bitcoin also fell back simultaneously.

It is worth noting that the launch time was deliberately in the early morning in Asia, which triggered enthusiastic participation from Chinese and Korean participants. The same was true for Melania Coin a few days later.

Looking back at the trend chart today:

The price reached 80USDT on the second day after it went online, and has been falling since then. As of the latest, it is about 16USDT, which has brought tears to countless old and new investors.

 

2. The triple drive of political capital, economic interests and financial strategy

1. Maximization of personal economic interests

Trump's meme coin TRUMP is essentially a highly speculative "air coin". In its issuance mechanism, 80% of the shares are held by the Trump family, and the remaining 20% ​​are in circulation, which means that Trump can directly cash out by selling tokens, and the nominal market value once reached 45.6 billion US dollars. In addition, the "First Lady Coin" subsequently launched by his wife Melania also adopts a similar distribution model, further exposing his family's intention to quickly make money through the crypto market. At present, the two have not sold their shares, perhaps because they are not short of money at all?

Interestingly, some people calculated that Trump’s grandfather’s wealth was only $6 billion, starting from his grandfather who immigrated from Germany and started out as a carpenter digging for gold in the West, to his father who started out as a real estate developer, and until he became an influential wealthy man. However, in just a few hours, his wealth suddenly skyrocketed to $30 billion, which is truly bizarre.

Coin Brother once tried to use the Solana chain to issue coins on the Pump platform, which only took ten minutes to complete. However, most issuers used robots to trade back and forth, creating a prosperous scene, hyping up the market through social platforms, creating unprecedented narratives, violently pulling up prices, and then quickly leaving the market, leaving the leeks looking at their empty wallets and crying.

2. Political capital binding and policy preparation

Trump has publicly promised to promote the United States to become the "global cryptocurrency capital", including listing Bitcoin as a national strategic reserve asset and loosening regulatory policies. By issuing coins, Trump has deeply tied his personal political image to the crypto industry, which not only consolidates the support of crypto capital, but also creates a public opinion foundation for the implementation of subsequent policies (such as suspending crypto lawsuits and establishing a national Bitcoin reserve).

3. Hedging strategies against the US dollar hegemony crisis

Some believe that Trump’s move may be a financial strategy to deal with the dollar credit crisis. Through the “digital asset pool” of cryptocurrency, the United States may attempt to transfer global wealth in the form of code and maintain financial hegemony. Although this logic is still controversial, its policy shift has shown its ambition to supplement the traditional monetary system15.

 

3. Issuance Mechanism: Solana Ecosystem and the Birth of “Political Meme Coin”

1. Technical support and interest network

The rise of Solana ecosystem: The popularity of TRUMP coin has driven the price of Solana token SOL to break through the historical high. The daily trading volume of its decentralized trading platforms Jupiter and Meteora has surged to tens of billions of US dollars, and the market share has jumped from less than 10% to 60%, subverting the original DeFi landscape.

Behind-the-scenes team: The project involves Moonshot (fiat currency entry platform), Wintermute (market maker), Polychain Capital (venture capital institution) and other key roles. As an advisor to Trump's crypto project World Liberty Financial, Justin Sun invested $75 million and promoted the listing of tokens on the HTX exchange to further expand his influence. Sun Yuchen is called: Brother Sun, Sun Ge, not without reason, he knows operations too well and knows the Chinese too well.

Friendly reminder: Don't pay attention to or listen to anything Sun says, and stay away from all information about him. Don't think you have a strong sense of risk, he is just that kind of person.

 

3. Controversy and Risk: Regulatory Vacuum and Ethical Dilemma

1. Conflict of interest and legal avoidance

Trump issued the coin two days before his inauguration, which was questioned as circumventing the U.S. (Government Ethics Law) restrictions on the commercial activities of public officials. His holding of 80% of the tokens was criticized as "using the presidential power for profit" and may even become a channel for interest groups to buy the president's influence.

2. Market bubbles and financial systemic risks

The violent fluctuations of TRUMP coins caused nearly 260,000 people to be liquidated within 24 hours, with the liquidation amount exceeding that of Bitcoin and Ethereum. Experts warn that such meme coins lack practical uses and rely on emotional speculation. Once market enthusiasm fades or regulation is tightened, it may trigger a chain collapse and even transfer risks to the US government.

3. Long-term challenges of regulation and ethics

Trump plans to sign an executive order to relax crypto regulation, but his actions blur the line between politics and business, which may start a vicious cycle of "celebrity issuing coins". If politicians from all over the world follow suit, the crypto market may become a hotbed of political manipulation and speculative bubbles.

 

4. Far-reaching impact on the cryptocurrency world

1. Reshaping the ecological pattern

Solana has become the new favorite Meme coin with its low fees and high throughput. Its DEX trading volume has surpassed traditional centralized exchanges (CEX), driving the trend of "on-chain communities" dominating the market.

2. Retail Speculation and Market Education

The myth of TRUMP coin making people rich attracted a large number of "novices in the cryptocurrency circle" to enter the market, but it also exposed the lack of awareness of project risks among ordinary investors. The industry calls for strengthening investor education and being vigilant against judicial risks such as freezing of withdrawals and funds involved in cases. Therefore, lessons are the most meaningful education. Especially for contract trading, which is based on the futures mechanism but has no limit on price fluctuations, it is not surprising that positions are liquidated. Some leeks have been repeatedly stabbed and their wallets have been robbed.

3. Paradigm fusion of politics and finance

Trump's coin issuance marks the transformation of cryptocurrencies from technical experiments to political tools. In the future, the crypto market may become a new battlefield for great power games, and the narrative of "code is power" may reshape the global financial order.

 

Trump's coin issuance is both a product of personal ambition and a microcosm of the wild growth of the crypto industry. In the short term, it has boosted market enthusiasm and technological innovation; in the long term, it may accelerate financial bubbles and regulatory conflicts. How to find a balance between innovation and risk will be the ultimate question facing the crypto industry and even the global financial system. As the lessons of the Internet bubble in the Clinton era show, when power and capital are deeply bound, the end of the carnival may be a deeper crisis. #TRUMP