The day after Trump shocked the market with his cryptocurrency announcement, the industry is discussing its significant subsequent impact

Editor | Wu Says Blockchain

The day after Trump's team unexpectedly launched their token, its market value briefly surpassed $80 billion, prompting the industry to begin discussions on its significant subsequent impacts.

Bybit CEO BEN stated that yesterday all CEXs experienced a massive outflow of SOL and USDC, which surged to purchase TRUMP on-chain. Moonshoot + Meteora/Jupiter created over $30 billion in memecoins in less than 10 hours, without the need for any CEX. Reflecting on this, 2025 will focus on building Onchain Bybit, heavily investing in the Bybit web3 wallet; those who do not join this revolution will be eliminated.

Regarding rumors of the team selling tokens, Arkham analysis shows that Trump's team did not sell $500 million worth of TRUMP. The team holds approximately $500 million in TRUMP liquidity pool on-chain, having withdrawn a total of $20 million (USDC) and sent $92 million worth of TRUMP to exchanges. Currently, there is about $370 million USDC in the liquidity pool, mainly held by Team Wallet 1.

According to DeFiLlama data, during the explosive trading of the TRUMP token on January 18, Solana's largest DEX Raydium captured $25.07 million in fees in a single day, generating $2.85 million in revenue, both significantly setting historical highs, and it was the on-chain protocol with the highest fee capture that day. According to Bitget researcher @0x9seed's data panel, on January 18, the day TRUMP token launched, Moonshot captured $1.597 million in fees, with 93,600 trading users. According to @adam_tehc's data panel, on the explosive day of TRUMP, the on-chain MEME trading tool GMGN had a trading volume of approximately $153 million on the Solana chain on January 18, capturing $1.52 million in fees, both significantly setting historical highs. Currently, GMGN has accumulated over $34.6 million in fees.

Jason, founder of Folios Capital, stated that Trump's token launch has significant historical meaning: it essentially signals that launching tokens is not a problem, and there may be 1-2 more top-tier rapid launches in the next month. Just imagine if Americans can directly claim airdrops as long as they register/KYC + have an on-chain address, along with various cash flow + asset exchanges related to TRUMP. The chances of the Trump faction being elected in 2028 have greatly increased. The Trump faction's actual support for the crypto circle is on the rise. Ethereum needs to act quickly. If the wealth effect continues to be generated entirely by SOL, the disruption of the industry status could occur within 12-24 months. SOL itself will become the wealth effect in the next three months. There is currently no conclusion on whether the Asia-Pacific region will follow suit; if they do, it would be a significant industry benefit. The next step is actually very simple: issue tokens and communicate with the Trump team to allow TRUMP/WLDFI to purchase tokens. Mass purchases by KOLs to build a buying community. Obtain cash through additional issuance or sales, acquire cash flow businesses to solidify the enterprise, and ensure perpetual operation.

Nick Tomaino, founder of 1confirmation, criticized that Trump holds 80% of the TRUMP token share and launched it just hours before the inauguration, which is predatory and could harm many people. Trump should airdrop to the public instead of using this to enrich himself or his team.

Anthony Scaramucci, founder of SkyBridge Capital, stated that this is detrimental to the industry and likened it to the level of corruption of former Ugandan President Idi Amin. Ben Meiselas, co-founder of Meidas Touch, believes Trump should focus on more urgent matters. Dave Portnoy, founder of Barstool Sports, compared this incident to the alleged pump-and-dump scheme of meme coin HAWK by influencer Haliey Welch.

According to the Solscan browser, the Trump team address: 7qtDv7…nkRnpE set up a unilateral liquidity of 2 million TRUMP in Meteora and has already withdrawn $18.806 million USDC from it, of which $16.65 million USDC has been transferred to another team address: GRvmQx…U34bPg. Step data shows that the current position of the Trump team address: 7qtDv7…nkRnpE in Metaora is valued at approximately $30.16 million, but 500,000 TRUMP is out of range (valued at approximately $12.31 million).

On the 19th, Binance, Coinbase, and OKX also announced the launch of TRUMP (OFFICIAL TRUMP) spot trading.

The TRUMP team address 2Fe47…gWSkv again injected 1.5 million TRUMP of unilateral liquidity into the TRUMP/USDC liquidity pool through Meteora, valued at $52.75 million. Currently, this pool is the mainstream liquidity pool for the TRUMP/USDC trading pair, containing 5.13 million TRUMP and 398 million USDC, with a TVL of up to $577 million. However, the current TRUMP/SOL liquidity pool's total TVL has surpassed this, reaching $728 million, with nearly $3.3 billion in trading volume in the past 24 hours, almost equivalent to Ethereum's mainnet trading volume during the same period ($3.6 billion).

A whale: 5dy51w…Q9sCp1 transferred 186,000 TRUMP, valued at approximately $6.81 million, to Binance Deposit at 14:19 UTC+8 today. This whale: 5dy51w…Q9sCp1 still holds 200,000 TRUMP, valued at approximately $7.32 million. GMGN data shows that this whale's associated address: 7zatCL…hvmaJT spent about $620,000 to purchase 843,700 TRUMP at an average price of $0.735, and then sold part of the holdings at an average price of $4.24 to recover the principal.

On January 18, a whale used 61,205 SOL ($14.18M) to purchase 1.271 million $TRUMP at a price of $11.15. He is the 10th largest holder of TRUMP. On January 19, he transferred all 1.271 million $TRUMP ($43.66M) to OKX. He purchased at an average price of $11.15 and transferred to OKX at a price of $34.34, expecting to realize a profit of $29.48 million.

Charles Hoskinson, co-founder of Cardano, tweeted that 78.5% of Trump's $29.6 billion net worth is in cryptocurrency, making him one of the wealthiest cryptocurrency entrepreneurs. This is mainly due to the meme coin TRUMP issued by Trump. Hoskinson also pointed out that Trump's extensive involvement in cryptocurrency could lead to significant changes in the industry. His administration might redefine the IRS's policies on capital gains tax and fair market value assessments of digital assets, and these anticipated changes could impact the regulatory framework of the cryptocurrency industry.

QiaoWang, co-founder of AllianceDAO, stated that Trump has two options: announce that his token is for some fiscal policy, such as purchasing Greenland, aiding Los Angeles, upgrading the power grid, etc.; or do nothing and just continue to make money. The former would make the world talk about cryptocurrency as the greatest capital formation mechanism in history, and it would be used for good causes, ushering in the golden age of cryptocurrency; the latter would be criminal.