The relationship graph between Trump and cryptocurrencies.
In just one day, the market cap of $TRUMP has surpassed $14 billion, ranking it among the top 20 cryptocurrencies by market cap and surpassing $DOGE in fully diluted valuation (FDV). It has now successfully listed on major CEX/PERP platforms such as Binance and Coinbase.
Currently, the focus is likely to be on tokens related to Trump.
1. Tokens directly related to Trump
· $TRUMP: The controversy over its authenticity is ongoing, but if it is genuine, it is likely to become the most watched meme coin of this cycle.
· Eric Trump: Trump's younger son Eric Trump revealed that he holds $BTC, $ETH, $SOL and $SUI.
· $WLFI: There is an opinion that Trump is only an advertising spokesperson and is not directly involved in the project. However, investors who are unsatisfied with $TRUMP may turn to $WLFI due to FOMO. Its on-chain investment portfolio has attracted widespread attention due to the Trump theme. After the release of $WLFI, $ENA and other projects related to $WLFI may also receive market attention.
2. D.O.G.E Ecosystem
· Elon Musk: No need to elaborate.
-$DOGE
-$D.O.G.E
· Howard Lutnick owns a 5% stake in Tether, and his company Cantor Fitzgerald is the asset manager for the project.
3. Solana Ecosystem
· Since the Trump team issued $TRUMP on the Solana chain, the price of $SOL has risen by 40%. The SOL/ETH trading pair may set a new historical high.
· The possibility of a $SOL ETF launch in 2025 is also gradually approaching.
· $SOL Ecosystem: With the cooperation between the Trump team and Meteora and Jupiter, future meme coins may follow this path.
-$JUP
-$MET
· Another meme coin (celebrity) cycle based on Solana may also be initiated.
-$RAY
4. SEC
· Paul Atkins has been appointed to replace Gary Gensler as SEC chairman.
· He has served as an advisor to $RSR for many years and recently joined the advisory board of Securitize, which has deep ties to $ONDO.
· Trump recently mentioned that he may suspend existing SEC lawsuits against cryptocurrencies.
· Cryptocurrencies involved in litigation or receiving Wells notices from the SEC may attract attention.
5. U.S Coin
· Trump has recently expressed a positive attitude towards the idea of creating a U.S. cryptocurrency as a strategic reserve.
· Typical examples are $XRP and $SOL, but there are many other U.S.-based cryptocurrencies. See the following link for details: https://www.coincarp.com/project/?area=usa
6. Celebrity Coin Rush
· Elon Musk may launch $ELON or $MUSK for entertainment purposes.
· The meme narrative is experiencing a cycle of 'dog→cat→animal→AI→celebrity'.
7. VCs
· a16z: Sriram Krishnan, a former a16z member, has been appointed as a senior policy advisor to the White House. Brian Quintenz, nominated as CFTC chairman, is the crypto policy lead at a16z. a16z has a large crypto investment portfolio.
· Craft Ventures: David Sacks, appointed as the White House's crypto affairs commissioner, leads Craft Ventures.
-$DYDX
-$HONEY
· Kraken Ventures: Another CFTC chairman nominee, Marco Santori, was previously the chief legal officer of Kraken.
-$MORPHO
-$PUFFER
-$USUAL
-$PSTAKE
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