TRUMP Broke Meme Coins

Lark Davis

Introduction to Trump Coin

  • President Donald Trump launched a meme coin, sparking a buying frenzy in the cryptocurrency market.
  • The coin's market cap reached billions of dollars in just 48 hours, making it one of the wildest meme coins to emerge.

Tokenomics

  • Total supply: 1 billion tokens
  • 200 million tokens available on day one
  • Remaining tokens to be released over the next three years
  • 100 million tokens set aside for liquidity and public distribution
  • 80% of tokens allocated to Trump's company, CIC Digital, and affiliated parties

Market Performance

  • Market cap reached $12 billion with 200 million tokens in circulation
  • Fully diluted valuation stands at around $60 billion
  • Trump's net worth increased by eight times due to the coin's success
  • The coin is now among the top 30 cryptocurrencies by market cap

Pros and Cons

  • Pros:
    • The coin's launch is a game-changing moment for the cryptocurrency markets
    • It may lead to a huge thawing of cryptocurrency markets in the USA
    • Other celebrities and companies may follow Trump's lead and launch their own coins
  • Cons:
    • The tokenomics are not great, with 80% of tokens controlled by Trump and affiliated parties
    • The coin's success may be limited by its large market cap and fully diluted valuation
    • The coin's price may be volatile, and investors should be cautious

Conclusion

  • The Trump coin is a significant development in the cryptocurrency market, with both positive and negative implications.
  • Investors should be careful and do their own research before investing in the coin or other meme coins that may emerge.
  • The coin's success may lead to a surge in new retail investors and a wave of new meme coins inspired by Trump and other celebrities.