Author: TPAN Source: web3 with TPAN translation: good Ouba, gold finance

January 2025 17:30 on the 17th, 7:30 pm. My wife and I came early to the Dr. Phil's scene show of Adam Ray, and the performance will start at 8 pm.

I am proud of myself, because when I have dinner at 6 o'clock, I tune my phone into mute and never check the message. After arriving at the performance venue, I finally had time to make up for the update on the notification and X (former Twitter).

On the x, everyone is discussing a topic:

Trump really Published a fan? Is this a scam? Intersection

Everyone is running the hustle and bustle like a headless fly in the digital world, and I am preparing to enjoy the coming laugh feast.

Seeing technical detectives like @Cygaar to share their survey results, I think This is worth trying. So I bought some Trump. But because the performance is about to start, I can only hold my curiosity and not check my phone.

In addition to the positive news about cryptocurrencies in the past few days, there are only similar cases I can think of in my mind:

•Bored Ape Yacht Club 的“Fuck It. Mutants Saturday”帖子；

•Yuga Labs 关于Otherside 的公告（同样It is one Friday night);

• Azuki announced the "check your wallet" message when the beanz airdrop.

In honest, these cases are dwarfed compared to today's events. This is the president of the United States, we are discussingBut he!

Memecoins

Before I continued, I would like to mention that I would write articles about the mini-coin from time to time, especially with the continuity and growth of this trend, reporting The frequency is also increasing.

Whether we like or hate them, the mini coins have become a phenomenon that cannot be ignored. They are an agent that attracts attention, can achieve ridiculous and fluctuating valuations, and even make the empty wallet rich overnight -of course, it may also make the rich poverty overnight.

With the help of a fan like pump.fun, it only takes a few minutes to create a fan. Since the launch of these platforms less than a year ago, the growth of mystery has shown an explosive trend.

Trump's first-level influence

Although the mysteries have attracted a large number of new users, they The phenomenon brought by Trump is completely another level:

• By Saturday night, more than 400,000 new users have joined Moonshot. This is a popular mobile application dedicated to buying Mi -Cold, and it is also the cooperation and distribution platform of the token. Except for Trump himself, Moonshot may be the biggest winner.

• Moonshot's daily active users (DAU) exceeded 1 million.

• Moonshot ranks fifth in the IOS popular download list, and its downloads can even be comparable to VPN applications that are surged due to the TIKTOK ban.

• Crypto.com In order to improve the effect of the optimization (ASO) effect, it has changed its application title to "Trump", and the screenshot was updated, highlighting the highlights, highlighting Trump and Mlania tokens (yes, there is also a mysterious coin related to Melania, but we will not discuss it here, haha).

• Chainalysis published a report on Trump and MLANIA tokens, including some interesting statistics:

• About 50%TRUMP/MELANIA token holders have never purchased Solana’s altcoins before (excluding $SOL and the Solana blockchain token for stablecoins).

•Nearly half of the buyers created a wallet on the day they purchased the token.

•The vast majority of wallets holding TRUMP/MELANIA are worth less than $100, indicating a large proportion of retail activity.

There is no doubt that TRUMP has attracted the millions of new users we have been calling for , albeit in a way that many may not like.

No matter how we feel about Trump or meme coins, I hope everyone can view this moment with a "glass half full" mentality. As I mentioned in the Meme Coin Super Cycle:

NBA Top Shot attracted a large number of new users in February 2021, There were over 80,000 unique buyers that month alone. Many users eventually switched to NFTs, and some of them went on to become entrepreneurs, creators, or contributors in the ecosystem. I myself was drawn into it because of the speculation and the potential for big money, as were many others I've met over the past few years.

Love it or hate it, meme coins are introducing a new group of users and classes into our world, which may validate memes Coin Super Cycle Hypothesis.

•Some people are using crypto wallets for the first time (luckily, the user onboarding experience is much better now than in the past).

•Some people are starting to learn the concepts of slippage and token swaps.

•Some people may lose all their money and confirm that cryptocurrency is indeed a "scam."

•Some people will stay and start to wonder what else is going on in this strange world.

This is the beginning of the meme coin super (user diversion) cycle.

Secondary Effects of TRUMP

The secondary effects of Trump’s launch of TRUMP are both worrying and fascinating.

Worrying aspects

Now, a head of state has officially launched a meme coin, which is equivalent to opening all the "Pandora's Box" in the world of meme coins, or "mystery". Because of trenches", this is already "crime season" szn).

Events in the past few days include:

1. The official account of the Cuban Ministry of Foreign Affairs released 4 meme coins and then rugged them. It is not clear whether this was an internal act or a hacker. It may have been. The latter.

2. Brazilian Marco Feliciano

3. The Catholic News Agency's account was hacked and a scam meme coin was announced. .

4. Trump's inauguration prayer pastor received a meme coin and publicly supported it, with proceeds donated to his church.

5. There are rumors spreading about MrBeast A meme coin will be launched and he has to publicly state that he will not create any meme coins

The token economic model of the TRUMP meme coin has also attracted attention. (Relevant information shared on the website):

The supply in circulation will be 20% in the first 3 months, and 80% of the supply will be in the remaining 21 Released monthly within months

No one knows how the price of TRUMP will change at the moment, but come April, "Creators & CIC Digital" may start putting the tokens on the open market and sell them to unsuspecting parties. Buyers and currency holders

Based on these trends, we are likely to see more hacks, fake "official" releases, and scams flooding the market. Everyone must remain vigilant!

Interesting subsequent developments

On the other hand, the launch of TRUMP also triggered some interesting developments:

;">1. Many asset management companies have applied to launch meme currency ETFs (it is not yet certain whether they will be approved).

2. Trump was asked about his meme coins and responded to them.

3. Mark Cuban criticized TRUMP’s predatory token economic model and proposed a similar model that suggested token proceeds should be used to pay the U.S. Treasury debt.

4. The founder of Vine launched the VINE meme coin, a social video application that was the predecessor of TikTok and was acquired by Twitter in 2013. Closed in 2016. He echoed Elon Musk's interest in reviving the app and hinted at a surprise release on Vine's birthday.

The latter two points are particularly noteworthy because we see some creators starting to think about fans. Because coins have potential uses beyond attracting attention.

From the traditional model -

"Attract attention → push up the price → sell Profit”

Shift to a new path:

•Mark Cuban: Attract Attention → Push up prices → Use proceeds to reduce the US Treasury debt.

•VINE: attract attention → push up prices → ???

Use attention with purpose

If the "legal gloves" of meme coins were removed and individuals or entities could use it more creatively, what new uses might be possible?

A simple answer is: we canReuse NFT patterns, including committed access rights (such as token gating), decision-making rights, and reward mechanisms.

Balaji shared a hypothetical scenario about TRUMP over the weekend, combining its massive market capitalization with Trump's massive audience base (excerpt below):

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11) One way to solve the incentive problem is for Trump to airdrop some TRUMP tokens to every American citizen. But perhaps he could have simply emailed every Trump supporter personally offering free TRUMPs.

12) Specifically, he could give 72 hours' notice so that even Democrats would sign up for his personal mailing list in order to get airdrops.

13) Is this legal? Apparently, it is legal for families to send fundraising solicitation emails to their constituents. But as far as I know, no one has tried to "give away money" through personal airdrops, especially such large-scale airdrops.

14) Based on the current valuation, Trump can issue 100 US dollars worth of locked-up TRUMP to each of the 77 million Trump voters through airdrops, a total of The cost was just $7.7 billion, and the assets were worth zero two days ago. He could even give everyone $500 and still have over $20 billion left over.

15) Yes, this will cost Trump some assets. But if joining his mailing list is required to claim the tokens, and if the airdrop can be achieved without capital gains tax, it will "pay for itself" by turning his supporter base into even more fervent fans.

16) This may even win him the necessary support to completely dismantle the Democratic Party's interest network. Basically, by joining Trump’s mailing list and supporting his crypto, you can receive a benefit similar to a “basic income” (UBI).

17) If 77 million Americans also benefit from TRUMP, then the conflict-of-interest accusation goes away. It would be a new kind of social contract, a personal relationship between the president and his citizens.

This assumption obviously changes the nature of the incentive mechanism, especially when the audience size reaches thousands or even millions.. This model could open up entirely new avenues for memecoin uses.

Currently, the potential of meme coins in this new environment is unclear, but emerging ideas and themes will soon surface.

Has the frenzy phase of the cycle begun?

If you ask me, I'd say Friday night seems to herald the beginning of the mania phase of the cycle. But as is the way with these things, no one can predict how long the music will keep ringing, especially with so many positive regulatory changes coming this week.

So, maybe we are still some distance away from true fanaticism.

The following are some of the "silly seasons" (referring to times when the market is highly speculative and irrational) stage) has arrived, and all this was triggered by the launch of the Trump meme coin:

1. On Tuesday, the top 10 financial categories by download count Eight of the apps are related to cryptocurrencies.

2. The "extreme speculators" (Degens) in the encryption circle began to take their parents to the Moonshot app (which itself is quite cool!).

3. In the Discord server, I captured such an interesting conversation:

•Someone asked: "How long do you think this wave of craze can last?"

•Another replied: “Just enough to buy that Lambo.”

No matter what, I will enjoy the new energy in this field.