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Reading: TRUMP is much more than a memecoin
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Mycryptopot > News > Crypto > Altcoins > TRUMP is much more than a memecoin
Altcoins

TRUMP is much more than a memecoin

January 21, 2025 5 Min Read
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TRUMP is much more than a memecoin
mycryptopot

This can be a section from the Empire e-newsletter. To learn full editions, subscribe.

Marc Andreessen was proper — our timelines actually are splitting.

mycryptopot

Andreessen, on the Joe Rogan Expertise in late November, theorized that our timeline had already break up twice within the earlier 4 months.

If that’s true, our universe has clearly diverged a 3rd time with the launch of Trump’s official cryptocurrency, TRUMP, this previous weekend.

The primary occurred when Trump was shot final July. “And there was that second the place the world was going to move in two completely totally different instructions [if Trump died],” Andreessen stated.

As a substitute, we acquired the “most conspicuous show of bodily bravery” he’s ever seen, referring to the almighty fist pump mixed with a name to “struggle, struggle, struggle!” — a killer combo now getting used to advertise TRUMP.

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“Proper at that second it may have gone, you already know, horrifically badly for your complete world after that. In order that was timeline break up primary. That different timeline’s on the market someplace,” Andreessen stated. “And I don’t need to go to it. That’s the dangerous place.”

Trump’s win on election day in November brought about the second rift, per Andreessen, paving the best way for TRUMP to completely break up our timeline a 3rd time — for higher or worse.

Melania’s staff additionally seems to have launched a token, which has already flipped AI16Z and WIF.

TRUMP’s coin is worldwide information. It was deployed on Solana on Friday night and took solely 90 minutes to hit a $1-billion market cap, and barely one other day to interrupt $10 billion — making it a high 20 coin alongside toncoin, sui, litecoin and shiba inu.

Whereas solely 10% of the full TRUMP provide is at present obtainable to the general public, resulting in some outcry, it’s laborious to say how many individuals purchased TRUMP on its means up.

Onchain information factors to 110,000 particular person addresses buying it in its first three hours of DEX buying and selling and over half 1,000,000 inside the first 16 hours.

At present, there’s over 900,000 addresses holding TRUMP, nevertheless it’s unlikely that determine maps to that many precise individuals.

Purple traces present the place the timelines would’ve break up, going by Andreessen’s idea

Nonetheless, given volumes ranging within the billions on CEXs — the place consumer holdings aren’t mirrored onchain — that there might be 1,000,000 TRUMP holders isn’t so unrealistic in our brand-new timeline.

This universe is simply three days previous, so the foundations aren’t but clear. However there’s an apparent development within the markets: Trump is up, virtually all the pieces else is down.

Aside from SOL, which hit a brand new all-time excessive after gaining over 20% amid the TRUMP pump, maybe because of buzz concerning the subsequent US President launching a token on the community.

Since TRUMP was first issued — resulting in a monstrous 400x — most main cash have misplaced worth.

BTC additionally jumped to a brand new report this morning, reaching as excessive as $108,786.

Efficiency as of 4 am ET.

The one different top-25 tokens (not counting stablecoins) to realize had been AAVE and LINK, which had been up 6% and seven.5% as of this morning.

Each cash are tied to initiatives that are on monitor to combine with Trump’s upcoming DeFi platform World Liberty Monetary.

In the meantime, the WLF token sale has massively benefited. It has raked in an extra $200 million in a single day, sending complete cumulative gross sales from beneath $90 million to its focused $300 million.

It’s not outdoors the realm of chance that a number of the funds that simply flowed into the WLF token sale had been generated by buying and selling TRUMP on its means up.

All this makes TRUMP a lot larger than a memecoin. It’s a proof-of-concept that has demonstrated to the world what’s doable on this crypto-enabled timeline.

Apparently, that’s creating billions of {dollars} in onchain capital on the drop of a MAGA hat.

mycryptopot

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