Coins are coming- $TRUMP

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The president launched a MEME coin. $TRUMP. The next day $MELANIA launches a coin. I use Spot.Dog for tracking and trading and the action was fast and furious. It feels like 2020 COVID when everyone is trading Jordan sneakers, baseball cards and every NFT they can get their hands on. This was one of those weekends when I got a dozen texts and phone calls with people asking “how do I buy $TRUMP? Should I buy his NFTs?” That is always a sign of mayhem in my book.

I feel like people are texting and posting on X like it’s crypto frenzy trading. Instead of this being on the Ethereum, this wave is on Solana. There is a lot of differences but one that sticks out is trading on the Solana ecosystem is just much more cost effective. No crazy Gas fees.

What does this mean for regulation is one big question? What is Trump doing with $TRUMP? Is this going to be gifted and airdropped to Americans? To supporters of his NFTs? Is this going to the USA crypto reserve? Or likely he just keeps the money for himself.

The big question is what’s next? Who’s next to launch a coin? Do we get some clarity on what’s legal? Do companies or universities start launching coins? The winners will be exchanges, trading technology and brokerages. $HOOD and Coinbase. For social leverage - Alpaca, Etoro, and many of our fund of fund managers that invested in platforms like Pump.fun and Solana.

The start of the Trump presidency is today and we just got a glimpse of the craziness over the weekend. When I worked at Third Point I had to have my Twitter notifications on for every Trump tweet because he moved markets. It’s already feeling like those notifications need to be on again.

Buckle up because the next few years are going to be very interesting.

Also if you missed the first wave of $TRUMP trading you definitely are going to see more volatility because Robinhood listed the coin for trading!