$TRUMP - Embrace The Madness
The $TRUMP launch will go down in crypto history with Solana booking a record daily fees of $35 million during a frenzy of memecoin mania, What does this mean for the next 4 years?
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TLDR
- Less than 72 hours ahead of inauguration, Donald Trump launched an official $TRUMP memecoin, which quickly reached a $15 billion market cap.
- The First Lady followed with $MELANIA, achieving a $2 billion market cap within 12 hours.
- Solana was center stage as the chosen chain for launching the Trump tokens.
- SOLETH reaching a new all-time high of 0.093 was enough to spur on the Ethereum community to make a change.
- The Trump memecoins acted as a liquidity black hole, leaving other altcoins in the red while traders enjoyed volatility and explosive short-term profits. For traders, we discuss the main takeaways from all of this.
- Although the weekend’s events can be criticized for several reasons, Trump’s activity in crypto coupled with a recently formed SEC crypto task force suggests growing mainstream adoption and “acceptability”, while full regulatory clarity is on the horizon.
