Early this morning, Trump officially took office as the new president of the United States. This is his second time to be elected as the president of the United States. At the beginning of his term, he signed a number of administrative documents, but did not mention the Bitcoin strategic reserve that the encryption industry was eagerly looking forward to. This disappointed the market, but analysts at the StarEx exchange believe that Trump's involvement in encryption has ushered in a new era for the industry, especially since Trump issued his own meme token trump a few days before taking office.
In the early morning of January 18, 2025, US President Trump posted a shocking news on Twitter: "A TRUMP meme coin was released." It instantly ignited the global crypto market.
After the news was released, the market was in an uproar, suspecting that Trump's Twitter was hacked. After all, it sounds absurd for a US president to suddenly launch a cryptocurrency. Some funds also poured in. The opening price of TRUMP coin was about $0.18, with a total issuance of 1 billion pieces and an initial circulation of only 200 million pieces. Trump himself directly controlled 80% of the chips.
A few minutes later, the market confirmed that this was no joke: TRUMP coin's partners are all top institutions and well-known project parties in the crypto industry, proving that this coin issuance was not done by hackers. As FOMO (fear of missing out) sentiment spread rapidly, global funds poured in, and the price of TRUMP coin skyrocketed in a short period of time.
In just one day, the total market value of TRUMP coin exceeded 80 billion US dollars, becoming a phenomenal event in the crypto market. As a large amount of funds poured into TRUMP coin, the liquidity of other tokens dropped sharply, and the prices of mainstream currencies including Ethereum generally fell.
The market value of the tokens held by Trump personally soared to more than $60 billion in one day. The next day, his wife Melania also issued coins and launched her own token "MELANIA", with a total market value of over $10 billion. Trump's son issued a token called "WLFI", which was sold out in the pre-sale stage, and even temporarily increased the quota by 5% to meet market demand.
According to Forbes estimates, the total wealth of the Trump family will be around $5 billion by 2024. However, in just a few hours, the total wealth obtained by the Trump family through the issuance of coins was more than 10 times the wealth accumulated by several generations of the family.
Trump's sudden issuance of coins excited the market, but also caused great controversy. On the one hand, some people believe that issuing coins is a free market behavior, and anyone can participate as long as the buyer and seller are willing to take risks; on the other hand, some people question whether Trump's use of his presidential status for commercial operations is an obvious "cutting leeks" behavior, and even involves moral and legal issues. According to the US Constitution, the president may not abuse his power for personal profit. However, Trump's issuance of coins occurred before he took office, and strictly speaking, he did not abuse his power. This "stepping on the line" behavior has caused great controversy around the world.
However, analysts at StarEx Exchange believe that Trump's coin issuance is not only a sensational event, but may also mark the beginning of a new era in the crypto industry: Trump's success may inspire more celebrities, entrepreneurs, large institutions and even entertainment stars to issue their own cryptocurrencies, and the market may enter a "coin issuance frenzy" stage. Even the president's family has issued coins, so it is reasonable for others to issue coins; as president, Trump's coin issuance sends a signal that cryptocurrency has penetrated mainstream American society. In the future, the implementation of relevant policies and regulations may be greatly accelerated.
Analysts at StarEx Exchange believe that this will lead to further differentiation between mainstream coins and altcoins. Mainstream coins such as BTC and ETH may consolidate their market position, while small altcoins will face greater pressure to survive. High-quality projects led by Wall Street capital will receive more attention, and retail investors chasing projects that "can pull up the market" may become a new trend.
However, Trump's coin issuance also exposed some potential problems. Does the high-profile participation of the president's family in the cryptocurrency market reflect the hidden dangers of the US financial system? Does this mean the advent of a crisis of trust in fiat currencies? Although the chaotic situation is worrying, it may be a huge boon for decentralized assets such as Bitcoin.
In any case, Trump's move will undoubtedly be remembered as a turning point in the history of cryptocurrency, and Trump is writing his own business legend in a completely new way.
