Donald Trump Causes Crypto to EXPLODE
EllioTrades
Summary of the Video Transcript
Introduction
The speaker discusses the recent launch of a cryptocurrency by Donald Trump, which they believe marks the beginning of an historic bull run in the crypto market.
Trump's Crypto Launch
Trump's crypto coin reached a fully diluted value of almost $80 billion, with 80% of the supply held by Trump. The speaker notes that this is a significant event, as it shows that Trump is serious about supporting crypto.
Market Reaction
The speaker discusses the market reaction to Trump's crypto launch, including the surge in price of other cryptocurrencies such as Solana. They note that Solana's technical capabilities and community make it an attractive platform for new projects.
Meme Coins
The speaker talks about the resurgence of meme coins, which they believe are driven by the attention economy. They mention that Trump's crypto coin is a meme coin and that its success is due to its association with Trump.
Tokenomics
The speaker discusses the tokenomics of Trump's crypto coin, noting that the coins will start unlocking in three months. They plan to sell their holdings before the unlock period.
Made in America Altcoins
The speaker mentions that some altcoins, such as XRP, Solana, and Chainlink, may benefit from Trump's support for crypto.
Hyperliquid and AI Coins
The speaker discusses the performance of hyperliquid and AI coins, noting that they have been affected by the recent market volatility.
Framework for the Cycle
The speaker outlines their framework for the current crypto cycle, which includes:
- Bitcoin god candles
- AI omega bubble
- Meme coin super cycle
- Play to earn and gaming
- Rate cuts and deregulation
Conclusion
The speaker concludes that the launch of Trump's crypto coin is a bullish sign for the market and that the current cycle will be driven by a combination of factors, including meme coins, AI, and gaming.