Trump's New Memecoin Can STILL Make You Money!
Crypto Banter
Introduction to Trump Coin
- Donald Trump launched a meme coin, which reached a market cap of $30 billion overnight
- The coin's launch was met with skepticism, but its legitimacy was confirmed by posts on Trump's Twitter and Truth Social accounts
- The tokenomics of the coin are aggressive, with 80% of the supply held by wallets believed to belong to Trump and his family
Impact on the Market
- The launch of Trump Coin sucked liquidity out of other coins, causing their prices to drop
- Solana (SOL) was a notable exception, with its price increasing due to the launch of Trump Coin on its ecosystem
- Other winners include Jupiter, Radium, and Hyperliquid, a decentralized exchange that listed Trump perpetuals before centralized exchanges
Opportunities and Risks
- The current market situation presents an opportunity to buy dips in other tokens, but this window is limited to the weekend
- The host recommends buying tokens that were previously desired but had run up in price, such as AI agents and infrastructure tokens
- The risk of Trump Coin being a scam or a hack is still present, although it is considered low
Decentralized Trading Platform
- The host discusses a decentralized trading platform called Accelerate, which allows users to copy trade Telegram groups with high win ratios
- The platform is non-custodial, meaning that users never give up control of their funds
- A live demo of the platform will be shown in a future episode
Conclusion
- The launch of Trump Coin has significant implications for the crypto market, including a potential shift in sentiment towards American tokens
- The host will continue to discuss the topic in future episodes, including a show on AI agents and a demo of the Accelerate platform.