Author: Techub exclusive interpretation

Written by: Babywhale, Techub News

How long does it take for the market value to go from 0 to 80 billion? US President Donald Trump, who will take office this week, has the answer: 31 hours. Of course, although calculating market value based on the price of tokens may not be a method that everyone agrees with, it has to be admitted that Trump’s team has created something unprecedented in the field of Web3, and it may be difficult for others to come after it. records. But this record may not do any good except to prove Trump’s nature as a businessman who cannot afford to do anything early.

I believe everyone already knows the story of the past three days. Trump tweeted the "Official Trump Meme" on X and It started to rise amid doubts that "X may have been stolen", but as the tweet has not been deleted for a long time, and Trump's second son Eric tweeted confirmation. The market finally determined that the Meme token called TRUMP was indeed issued by the Trump family.

The subsequent plot development may have subverted the expectations of everyone inside and outside the Web3 industry. With a quantity of 1 billion, only 20% of TRUMP was released, and the price began to soar. The token price rose from $0.18 initially at 10:00 on Saturday to a high of around $80 set around 17:00 yesterday, according to GMGN data. An impossible task accomplished over the weekend.

The president’s currency issue caused controversy

The birth of TRMUP allowed many investors to make huge profits over the weekend. Major exchanges including Binance also launched spot trading of TRUMP last night, which may also push its price up. At least one of the important driving forces of stage highs.

From the perspective of making money, the release of Meme by the President of the United States is undoubtedly an endorsement and support for Meme itself and even Web3.At the same time, Meme players on the chain who stay in front of the computer every day are rewarded. In fact, the release of TRUMP obviously required a lot of work in advance, and projects or efforts such as Meteora and Moonshot all provided more or less help. Moonshot also said it gained 400,000 new users in two days, and its app once dominated the Apple Store.

But from another perspective, most viewers inside and outside the industry have given negative comments:

Bitcoin Magazine The article made a very direct criticism, saying, "This is just a self-profit scam of pumping and selling. It is an immoral behavior, and the investors (should be said to be "fans") involved are extremely stupid. The The author of the article stated that he believed that Trump would not allow Bitcoin to compete with the US dollar, which was precisely the original meaning of Bitcoin’s existence, and suggested that if Trump truly supports Web3, he should not focus on treating Web3 as For the "casino" thing.

The founder of SkyBridge believes that Trump's behavior is not good for the industry and supports calling it "corrupt behavior."

Even a doctor with 1.5 million followers on Youtube stood up and said: "Just because another president is corrupt doesn't mean you can do the same thing."

Technology should be free, but it should not be disordered

Musk once joked in a show that the Animal Protection Association came to him and asked SpaceX to assess the possible impact of rocket debris on whales, sharks, etc. that fell into the sea. Even in order to refute the Animal Protection Association's belief that the noise of rocket launches would affect seals, they specially caught a seal and put headphones on it to listen to the noise to prove that there was no actual impact.

Silicon Valley technology giants have long criticized excessive regulation, which may be the main reason why Musk decided to establish the efficiency department "D.O.G.E." American technology giants have always advocated relaxing the regulation of technology to improve innovation capabilities. This is understandable, but weak regulation does not mean there are no rules, otherwise "freedom" will turn into "disorder."

In the author's understanding of the lack of improvement in the large number of altcoins in this round, one very important point is that the US regulators have never made it clear what the tokens issued by these projects are? If it is a security in some sense, for example, it can represent the equity of the project, then what is the equity of the project operating company? If there is no way to define the actual meaning of these tokens, it will be difficult for large funds to be truly willing to invest based on the value of the project itself.

On the other hand, should the number of tokens held by the project side be disclosed regularly? Should the foundation’s financial status be disclosed in the same way as its financial reports? Should the project party make an announcement when selling the tokens it holds? Should exchanges, market makers and even some so-called large players be regulated for possible market manipulation?

These are some very basic problems, but now it seems that they also find this is an unsolvable problem or they are unwilling to solve it. After all, except for Markets without regulation other than pure fraud are the best tools for capital plunder, just like the early financial markets.

In the current market, the actual definition of altcoins is unclear, and the price cannot be linked to the value of the project itself. Since this is the case, retail investors choose to go on the chain. There's nothing wrong with PvP either.

There is nothing wrong with Trump's act of issuing coins. If we can set an example and clarify many things that are currently ambiguous in the currency circle, or make everything transparent , then there is nothing wrong with issuing coins. After all, there is no law in the United States that prohibits the act of issuing coins. But the problem lies in this seemingly "random" Meme token issuance behavior that seems to tell everyone: you can all issue coins at will.

There is no need for any rules, no transparency, simply state your plan, and you can even state in the disclaimer that class actions cannot be filed. In this way, there seems to be no problem with using IP to issue tokens and then rug them, and there is no law prohibiting the sale of tokens held by the token issuer.

It is worth noting that this is an illegal act considered illegal by the previous SEC, such as misleading investors, but Trump "led by example" Broken.

Of course, it is too early to draw conclusions for the next four years just by issuing a Meme token. Web3 really should not use too strict supervision. limitations, but one should also defineThese basic concepts lay a solid foundation for more funds to be invested based on the value of the project itself. Meme is one of the unique cultures of Web3, but it is not all of Web3, or even the most important part.