One Chart to Understand Trump's Crypto Landscape
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One Chart to Understand Trump's Crypto Landscape
Since the Trump team launched $TRUMP on the Solana chain, the price of $SOL has increased by 40%. The SOL/ETH trading pair may soon reach a new all-time high.
Navigating Web3 tides with focused insightsAuthor: Layergg
Translation: TechFlow
The relationship map between Trump and cryptocurrency.
Within just one day, the market cap of $TRUMP has surpassed $14 billion, entering the top 20 by market capitalization, and has overtaken $DOGE in fully diluted valuation (FDV). It has already been successfully listed on major CEX/PERP platforms such as Binance and Coinbase.
Currently, attention is likely to focus on tokens associated with Trump.
1. Tokens Directly Related to Trump
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$TRUMP: Controversy over its authenticity continues, but if genuine, it could become the most prominent meme coin of this cycle.
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Eric Trump: Donald Trump’s son Eric Trump revealed he holds $BTC, $ETH, $SOL, and $SUI.
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$WLFI: Some believe Trump is merely a spokesperson for the project and not directly involved. However, investors who feel they missed out on $TRUMP may turn to $WLFI due to FOMO (fear of missing out). Its on-chain portfolio has attracted significant attention due to the Trump theme. After the launch of $WLFI, projects like $ENA and others linked to $WLFI may gain market popularity.
2. D.O.G.E Ecosystem
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Elon Musk: Self-explanatory.
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$DOGE
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$D.O.G.E
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Howard Lutnick owns 5% of Tether, and his company Cantor Fitzgerald serves as the asset manager for the project.
3. Solana Ecosystem
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Since the Trump team launched $TRUMP on the Solana blockchain, the price of $SOL has risen by 40%. The SOL/ETH pair may be approaching a new all-time high.
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The possibility of a $SOL ETF launching in 2025 is also drawing closer.
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$SOL Ecosystem: With the Trump team's collaboration with Meteora and Jupiter, future meme coins may follow a similar path.
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$JUP
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$MET
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Another celebrity-driven meme coin cycle based on Solana may begin.
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$RAY
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4. SEC
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Paul Atkins has been appointed to succeed Gary Gensler as SEC Chair.
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He has served as an advisor to $RSR for years and recently joined Securitize’s advisory board. Securitize has strong ties to $ONDO.
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Trump recently mentioned possibly halting the SEC’s ongoing lawsuits against cryptocurrencies.
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Cryptocurrencies involved in litigation or that have received Wells notices from the SEC may attract increased attention.
5. U.S. Coins
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Trump recently expressed openness to the idea of holding U.S.-created cryptocurrencies as strategic reserves.
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Typical examples include $XRP and $SOL, though many other U.S.-based cryptocurrencies exist. See link for details: https://www.coincarp.com/project/?area=usa
6. Celebrity Coin Rush
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Elon Musk might launch $ELON or $MUSK purely for entertainment purposes.
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Meme narratives are rotating through phases: 'dog → cat → animals → AI → celebrities'.
7. Venture Capitalists (VCs)
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a16z: Sriram Krishnan, formerly of a16z, has been appointed as a senior White House policy advisor. Brian Quintenz, nominated as CFTC Chair, is a16z’s head of crypto policy. a16z has a vast cryptocurrency investment portfolio.
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Craft Ventures: David Sacks, appointed as White House Crypto Commissioner, leads Craft Ventures.
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$DYDX
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$HONEY
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Kraken Ventures: Marco Santori, another CFTC Chair nominee, previously served as Kraken’s Chief Legal Officer.
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$MORPHO
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$PUFFER
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$USUAL
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$PSTAKE
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