Author: Layergg
Compiled by: TechFlow
The relationship graph between Trump and cryptocurrencies.
Within a single day, the market cap of $TRUMP has surpassed $14 billion, ranking it among the top 20 cryptocurrencies and surpassing $DOGE in fully diluted valuation (FDV). Currently, it has 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 continues, but if it is genuine, it is likely to be 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 are views that Trump is only an advertising spokesperson and is not directly involved in the project. However, investors who feel unsatisfied with $TRUMP may turn to $WLFI due to the fear of missing out (FOMO). Its on-chain 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 launching a $SOL ETF by 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 the SEC chairman.
He has been an advisor to $RSR for many years and recently joined the advisory board of Securitize, which has deep connections with $ONDO.
Trump recently mentioned that he may suspend existing lawsuits against cryptocurrencies by the SEC.
Cryptocurrencies with litigation disputes or those who have received 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 cryptocurrency as a strategic reserve for the United States.
Typical examples are $XRP and $SOL, but there are many other US-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 rotation from '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, who has been nominated as the CFTC chairman, is the crypto policy lead at a16z. a16z has a large crypto investment portfolio.
Craft Ventures: David Sacks, who has been appointed as the White House 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
