Author: Boke
Everyone understands that the market will fluctuate before Trump officially takes office; but no one could have imagined that Trump would directly issue a Token himself.
Bai Lu believes that Trump's issuance of a Token will have three impacts:
First, Bitcoin will be completely legalized globally and become part of the US national reserve, and the US can legally use the Web3 financial revolution to reap global wealth;
Second, the combination of Web3 and AI will drive a revolution in production relations, creating new opportunities for the next generation of virtual economy, where SMEs can directly connect to the global marketing and capital chain through Token issuance without IPO;
Third, Trump's issuance of a Token may accelerate the legalization of Web3 in China. China cannot stand by and watch the US monopolize the global dominance again; Hong Kong has been piloting the legalization of virtual assets for the mainland for two years, and the mainland's relevant policy layout is likely to accelerate in the future.
Quoting the views of Bian Zhiwei, CEO of VDX, a friend of Bai Lu:
Quoting a passage posted on a friend's circle by Chen Yuetian, a partner of Huofeng Capital, a friend of Bai Lu:
This is historic, comparable to the moment when the first publicly traded stock was born
The new US president is taking the lead in announcing the legalization of Token issuance, even if it is without fundamental basis
If it is illegal, he will use the president's power to legislate to legalize it
Not just to make money? No, he wants to promote a new asset creation method to help the US deleverage
Wall Street can't save the US now; rebuild it, no pain no gain
This is the Shanghai Stock Exchange in 92, and we can all be Abaos
The most dramatic person in the world, in the most dramatic way, has kicked off a global carnival that no one dares to miss.
Thunderbolt from a Clear Sky
Let's see what Trump has done. On the morning of January 18th at 10:00, Trump's personal account on the social media platform Truth Social suddenly posted that he would launch a personal MEME Token called TRUMP. The market reacted quickly, but also with great skepticism.
Subsequently at 10:44, Trump again announced the same content on his personal X account, and the risk of the account being hacked could no longer completely dampen the enthusiasm of Trump's fans. An hour later, TRUMP was priced at $4.7, with a fully diluted valuation (FDV) exceeding $4.7 billion; calculated based on a circulation of 200 million, the corresponding circulating market value exceeded $900 million.
According to price data from CoinGecko, the TRUMP Token started trading at an opening price of $0.1824, and within 12 hours, it surged over 15,000% to around $30, with the Token market value rising to $30 billion. As of 9:30 pm on January 19th, according to Coinbase data, the price of the TRUMP Token rose again to $71.65.
The TRUMP Token price reached a high of $82
Calculated based on a total supply of 1 billion and a circulation of 200 million, the total market value of the TRUMP Token once exceeded $71.65 billion. The most bullish MEME Token in history was thus born.
Lightning-Fast Wealth
According to the GetTrumpMemes website, 80% of the TRUMP supply is held by an entity called Fight Fight Fight LLC, which is jointly owned by the Trump Group's subsidiary CIC Digital and CIC. The 800 million TRUMP held by the Trump family had a market value that once exceeded $573.2 billion; while Forbes valued Trump's net worth at $56 billion in November 2024, this means that, relying on the Token issuance, Trump's net worth has increased by more than 10 times in just two days.
Suddenly, major domestic media outlets have rarely placed the news of "Trump's Token issuance" on the front page headlines.
But the most dramatic part has not even started yet. Trump this time is well-prepared, not only taking the lead himself, but also dragging his wife into the show.
Encore
On January 20th at 5:13 am, Melania Trump, the former First Lady and soon-to-be First Lady again, posted on her personal Twitter account to announce the launch of her personal MEME Token MELANIA, with users needing to visit the website Melaniameme.com to purchase it.
With the plot set up by TRUMP, MELANIA also quickly gained traction after its launch, and as of 7:45 am, MELANIA was trading at $8.4, corresponding to a fully diluted valuation of $84 billion.
However, suddenly, after the issuance of MELANIA, the market began to correct sharply, with BTC once falling below $100,000, ETH once falling below $3,200, and SOL also experiencing a significant pullback below $240. As for the price of TRUMP, it's not even worth mentioning - from a high of nearly $80, a gain of about 40,000%, it plummeted to around $50 in just a few hours.
It's unclear whether the market has had enough of this couple's antics, and the weekend drama has suddenly cooled down with the correction of TRUMP. But in the next dozen or so hours, Trump himself will reach the second highest point of his life, and at that time, TRUMP will likely see a new high again.
How Will the Market Move Forward
Whether TRUMP can rally the market again remains to be seen; what is certain is that Trump's inauguration will bring unprecedented times for the crypto market.
Jeffrey Ding, Chief Analyst at Hashkey, said: "The most closely watched in Trump's entire cabinet is the Office of Artificial Intelligence and Cryptocurrency, which is currently responsible for formulating the regulatory framework for the entire cryptocurrency industry, connecting with the SEC, CFTC, Congress, etc., and the Cryptocurrency Advisory Council it oversees claims to be composed of 24 CEOs of cryptocurrency companies to provide policy recommendations."
According to Trump's promises, the following new policies need special attention:
1) Make the US the global crypto capital
2) Stop the crackdown on cryptocurrencies immediately upon taking office
3) Prevent the development of central bank digital currencies (CBDCs)
4) Establish a strategic Bitcoin reserve
5) Fire the SEC Chairman
6) Prevent the sale of Bitcoin held by the US government
7) Use Bitcoin to solve the US debt
8) Establish a more comprehensive crypto policy
9) Establish a Cryptocurrency Advisory Council
From the personnel appointments made by Trump during the transition period, at least 5 and 9 conditions have been met.For the crypto industry, at least from the regulatory level, on the one hand, the previously suppressed policies may be gradually relaxed, and on the other hand, more comprehensive legislation is likely to further promote the industry's move towards the mainstream."
Trump's ascension to power will continue to accelerate the policy changes in Hong Kong and the mainland.Over the past year, 7 exchanges, 31 brokerages, and 36 asset management firms in Hong Kong have been well prepared for the arrival of the new era; Web3 practitioners in the mainland have also been waiting for a new dawn. Now, this day is no longer far away.
