Dialogue HTX Partner Episode 11: Presidential Families Launching Tokens and the Impact of Political Figures on the Crypto Market
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Dialogue HTX Partner Episode 11: Presidential Families Launching Tokens and the Impact of Political Figures on the Crypto Market
Exploring presidential families launching cryptocurrencies and the impact of political figures on the crypto market.
Navigating Web3 tides with focused insights
Recently, the crypto market has experienced major turbulence. Just before his presidential inauguration, Donald Trump launched a namesake meme coin "$TRUMP." Data shows that $TRUMP started trading at an opening price of $0.1824 and surged to nearly $80. Riding on the popularity of "$TRUMP," Trump’s wife Melania also launched her own cryptocurrency—$MELANIA, dubbed the “First Lady Coin.” These dramatic moves have triggered a highly controversial speculative frenzy in the crypto space.
Recently, Huobi HTX's new series "Dialogue with HTX Partners" aired its eleventh episode. In this session, prominent crypto KOLs including Dr. Yu Jianing, Bo Cai Bo Cai, RWA.LTD, Kexin, BTCmaodu, Todd, and Vito discussed the topic “With Trump about to take office, can he deliver on his ten-point crypto policy agenda?”—focusing on political figures launching tokens and their impact on the crypto market.
Huobi HTX: What impact will Trump’s presidency have on the crypto world?
Yu Jianing: Trump’s coming into power signifies Web3 truly entering the mainstream. Previously, many U.S.-based crypto entrepreneurs relocated to places like Singapore and Dubai to avoid regulatory uncertainty in America. With Trump taking office, a clear trend will be the return of numerous American projects back to the U.S. Additionally, several core impacts are expected: 1) The United States will re-emerge as the center of Web3 innovation. 2) Large corporations will be strongly incentivized to rapidly embrace digital assets—for example, Facebook may revive its cryptocurrency ambitions. 3) The possibility of Bitcoin being used as a national strategic reserve has significantly increased.
Bo Cai Bo Cai: Trump’s presidency is undoubtedly uplifting for overall market sentiment. Many pro-crypto bills could accelerate their passage. Once enacted, these favorable policies might transform traditional corporate financing models. Furthermore, traditional finance will undergo deeper reforms and begin integrating with blockchain technology.
Todd: First, the Republican Party’s core goal is to scale up AI, viewing it as the key domain for future wealth creation. Second, cryptocurrencies can serve as efficient tools for wealth distribution at the governmental level. Thus, they hold one tool for wealth creation—AI—and another for wealth distribution—digital gold (cryptocurrencies). Through this strategy, dollar-denominated assets can achieve further globalization.
Huobi HTX: How should we view the impact of the Trump family issuing tokens on the crypto market and meme coins?
Todd: $TRUMP itself carries massive traffic effects, symbolizing broader recognition of crypto technology in the traditional world. I have three thoughts: First, I hope the federal government will soon legislate to set aside 200,000 BTC as a national reserve; second, after federal legislation, state governments should also advance similar laws; third, the U.S., as the world’s largest economy and the financial high ground of the West, if it takes such action, countries like Canada, Japan, and many in Europe will likely follow, collectively advancing the development of the crypto market.
BTCmaodu: So many people are buying $TRUMP because it’s the first coin ever issued by a sitting president of the world’s most powerful nation. While short-term market volatility is high, it’s sparking a paradigm shift. $TRUMP has successfully attracted a large number of Web2 users and brought them onto the blockchain, enabling them to trade via DEXs. Currently, DEXs are becoming a gateway for fund inflows and outflows.
Vito: I don’t think $TRUMP is suitable for launching a technically driven cryptocurrency, as it may face numerous challenges across technical roadmaps and other aspects. In contrast, launching a meme coin seems more appropriate. Trump excels in this area, and his team has extensive experience in related fields. Regarding $TRUMP’s future development, the three-year unlock schedule introduces significant uncertainty. However, the token issuance demonstrates strong compliance precedent, especially given the SEC’s relatively friendly stance toward crypto regulation at present.
Moreover, the launch of $TRUMP has drawn interest from many who previously paid no attention to the crypto market. Although $TRUMP may cause some short-term “blood-sucking” effect on the broader crypto market, in the long run, it could attract more individuals and institutions into the ecosystem. I believe Trump may be laying the groundwork for a strategic dual-circulation model between the U.S. dollar and Bitcoin—funneling dollars into the Bitcoin market to further solidify the dollar’s global dominance.
Kexin: The demonstration effect of $TRUMP is enormous, having a profound impact on Web3 development worldwide. Moreover, Trump’s series of crypto-friendly policies will not only benefit the Web3 world but also influence other nations.
Huobi HTX: With the fully diluted market cap of meme coins rising sharply, is there a bubble risk? $TRUMP’s market cap once reached $70 billion, and $MELANIA surpassed $10 billion—does this reflect healthy market growth or hidden speculative risks?
Yu Jianing: The launch of $TRUMP indeed calls for a reassessment of meme coins. Meme coins have become a new entry point for Web2 users, and platforms like Moonshot, which support fiat on-ramps, have become top choices for beginners. Looking ahead, the 80% locked portion of TRUMP tokens may face limited burn risk, though it could potentially be distributed through airdrops to specific groups.
From a risk perspective, the Web3 sector may gradually become a new front in Sino-U.S. competition. As for the tokens themselves, volatility risk is inevitable. Overall, the crypto market in 2025 is expected to move forward amid significant fluctuations. Recently, Huobi HTX has performed exceptionally well in asset listings and product innovation, emerging as a dark horse exchange in the 2024 crypto market. We hope investors can generate returns on Huobi HTX, ride the wave of the era, and jointly build a new market order.
RWA.LTD: The three-year lock-up strategy of $TRUMP could reshape traditional meme coin investment logic, shifting focus from short-term speculation to long-term holding. Additionally, Trump’s act of launching a coin may set a precedent for other Western political leaders to follow.
Finally, after experiencing the bull market of 2024, the crypto market is poised to enter a grand new bull cycle in 2025.
Huobi HTX: How do you see the competition between Ethereum and Solana in this bull market?
Todd: Judging from $TRUMP, the current value of blockchains still lies primarily in asset issuance. For general-purpose assets, Solana is more suitable, while for critical assets, Ethereum remains the better choice. Ethereum will continue to be the most important infrastructure for Web3 and best embodies the spirit of Web3.
BTCmaodu: I’m more bullish on Solana—SOL has the potential to surpass ETH in this bull run. The reasons are twofold: First, Ethereum has relatively lagged in innovation, whereas Solana has been the primary hub of innovation during this cycle. Second, as a U.S.-based blockchain project, Solana may benefit from policy support within an American-led crypto market landscape.
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