Two Days Before Taking Office, Trump Couple Withdraw 65 Billion Dollars from Crypto Market
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Two Days Before Taking Office, Trump Couple Withdraw 65 Billion Dollars from Crypto Market
The taxes in Echeng have already been collected for 70 years into the future.
Navigating Web3 tides with focused insightsIn the early hours of today, Melania, Trump's wife, also launched her own namesake meme coin, MELANIA. The good news? If you were awake and bought in, you're looking at a 10-bagger. The bad news? All other cryptocurrencies have plunged across the board—TRUMP halved, SOL dropped to 235, not to mention countless altcoins, prompting community members to exclaim: "Shorting is the only stable way to make money."
Wife launches token, the industry pays the price
According to Melaniameme.com, MELANIA’s tokenomics differ significantly from TRUMP’s. The specific allocation is as follows: team 35%, treasury 20%, community 20%, public sale 15%, liquidity 10%.
The biggest difference lies in the token unlock schedule. While TRUMP's team allocation was locked for three years, MELANIA’s team only needs to fully lock for 30 days. Starting on day 30, 10% of the team’s share unlocks, followed by linear vesting over months 2 through 13, completing full unlock by month 13.
At the time of writing, MELANIA has achieved a total trading volume of $2.6 billion, with its market cap surpassing $10 billion.
Yesterday, I was still sharing jokes about TRUMP in group chats: “Rise to 47 today, honoring the 47th president; push to 78 tomorrow for Trump’s birthday; hit 250 the day after, commemorating America’s 250th anniversary.”
Waking up today, all I can do is forward posts saying “Gensler is laughing at us,” as the Trump family officially transitions from real estate tycoons to “crypto royalty.”
Even Bitcoin Magazine—the organizer of Trump’s Bitcoin Conference—directly posted that “TRUMP is a shitcoin,” likely suffering the same fate as my wallet.
Bitcoin Magazine was a well-known pro-Trump media outlet during the election. At its official event, Nashville Bitcoin 2024, it invited Trump to speak on stage, where he announced 11 commitments including firing Gensler, establishing a national Bitcoin reserve, and refusing to issue a CBDC—ushering in the era of Trump’s crypto-friendly policies.
Now, just before Trump takes office, this notoriously wild figure has launched his own namesake meme coin, sending shockwaves across the globe. Even Coinbase—a U.S.-based crypto exchange known for compliance and reputation—listed TRUMP spot trading within 24 hours.
But faced with the news that Trump’s wife has also launched a coin, Coinbase could only respond cautiously: “As of now, MELANIA is not available on Coinbase or Coinbase Wallet. It’s important to verify token availability before any transaction.”
WLFI public sale ends, then gets an encore
Meanwhile, the Trump family’s DeFi project, World Liberty Financial (WLFI), sold out its public offering of 20 billion tokens this morning at $0.015 per token, raising a total of $300 million.
Last night, the WLFI project address spent $48 million over eight hours, purchasing 14,403 ETH at an average price of $3,333, bringing their current holdings to 28,612 ETH.
Eric Trump, Trump’s second son, shared the announcement on social media, hinting at a major “move” coming tomorrow.
Last night, the community basked in the narrative of “Trump making memes, earning SOL, buying ETH.” This morning, we realized the real play might be using FUD-driven Ethereum dips to accumulate ETH and boost liquidity for their own project.
Yet in crypto, there’s always someone willing to pay for the feast. So, the WLFI team reluctantly decided to give Web3 brothers a second chance, announcing shortly after the sale: “Due to overwhelming demand and high interest, we are releasing an additional 5% of the token supply. The team is working hard to restart the sale.”
What does the community think?
Despite most wallets getting hammered in last night’s chaos, beyond the memes, there are still thoughtful perspectives worth sharing.
Alex Xu from Mint Ventures analyzed that Trump launching a token is no different from selling merchandise like T-shirts, logo hats, or figurines—since one can monetize personal IP, why not issue an IP coin?
“Compared to ordinary merch, culture coins are globally accessible, allow borderless fan participation, and carry financial attributes—you can sell them to the next believer when prices rise, unlike MAGA hats that just gather dust on shelves. The hardest hit are projects whose ‘intrinsic value’ relies solely on attention rather than real business value or product appeal—including 99% of today’s AI Agent tokens.
When the tide of attention shifts, most AI Agent tokens may face not just corrections, but long-term valuation collapse. Beneficiaries of this speculative wave are the L1s hosting the frenzy and those selling shovels to speculators—Solana, Moonshot, various Telegram bots, and DEXs like Raydium.”
Rui from HashKey Capital believes the arbitrage opportunity from the price expectation gap of the Trump family’s second meme coin launch has diminished, signaling “the arrival of the Great Tokenization Era. The President defines what altcoins should look like—tech memes don’t stand a chance. Previous fan tokens failed because lack of utility was actually ideal. Murad’s Meme Supercycle has arrived.”
Crypto trader felixhsu.eth said that long-term, this is a setback for BTC’s progress—all alts, Sol, ETH, memes—are fraud. From now on, every organization or individual is just selling their own credit. Blockchain applications amount to building a barrier-free casino. As long as there’s profit potential, gamblers will show up.所谓‘innovation’ is inventing new ways to scalp, and 所谓‘build’ means constructing more sophisticated scams.
Balaji Srinivasan, former CTO of Coinbase, stated on social media that meme coins are zero-sum lotteries—they don’t create wealth. Every buy order merely matches a sell order. After the initial pump, prices eventually crash, and the last buyers lose everything. When platform fees are factored in, meme coins are actually negative-sum games.
Tonight, Trump will officially be inaugurated—and at this moment, the crypto world is destined for another狂欢.
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