“The Republican did not resist the temptation to earn their popularity by using the cryptocurrency market. Who won and who lost from it? ”, – WRITE: epravda.com.ua
Evening January 18, 2025, Washington, District of Columbia. A few days before the inauguration of the 47th US President Donald Trump, more than 1.5 thousand crypto-entrepreneurs gathered in one of the city’s historic buildings to celebrate the victory of the Republican. After years of tense relations with Washington politicians and regulators, executives and executives of cryptocurrency companies, dressed in tuxedo and evening dresses, enjoyed exquisite cocktails and miniature rolls with lobsters on the first in the history of “cryptobal”. The atmosphere was then supplemented by hip-hop stars-Snoop Dogg, Rick Ross and Soulja Boy. The festive mood, the sense of triumph and the belief in the bright future of the crypto industry were unexpectedly interrupted through reports on social networks from Trump on launching his own cryptocurrency called $ Trump. Later, his wife, Melania, also announced that she launched the coin named after her. Representatives of the industry shocked not even that the newly elected president launched his own cryptocurrency, but that he went the simplest way – launching memcons, the cost of which depends solely on “Hippe”. Advertise “. The new model of launching tokens related to political figures and celebrities can lead to the bankruptcy of numerous people who want to make money quickly. Why did the decision of the 47th President of the United States become part of the cryptocurrency so angered his participants? And the fact that his team chose the Memcoin model, he made the impression that Trump just wants to make money quickly until the whole world talks about it only. Advertising: unlike Bitcoin, which has its own blockchain (Bitcoin Bitcoin) and the network Miner to ensure its stability, the cost of memoirs is largely determined by the popularity on social networks, trends and community activity, not technical or political factors. Coins such as $ Trump are most often a reaction to a certain cultural phenomenon or even a joke on social networks. Their price is based on haype, viral distribution and support for celebrities and directly depends on the popularity of the character or the topic they are related. In most cases, memory is not real use. The first Memcoin dogecoin appeared in 2013. It was created as a joke inspired by a popular mema with a dog-in breed. However, thanks to the viral effect in social networks, Token quickly gained popularity and became cult in the crypto industry. As of January 2025, the price of one Dogecoin is $ 0.33. In May 2021, his course reached a maximum of $ 0.75 per token, but it is nothing compared to the cryptocurrency associated with Trump’s family. Dogecoin has become known all over the world thanks to the popular meme with the dog-in-in Getty Images breed on the technical side of creating a memoin is quite simple. With the right tools, you can create a token on blockchain, such as Ethereum, in just a few hours. Token Token Trump was created on a similar blockchain platform. The appearance of $ Trump was so successful that it literally blown up the market. Already in the first days of its existence, the market capitalization of the Memcoin of the 47th President of the United States exceeded $ 12 billion, and on the morning of January 20, its value increased from actually zero to more than $ 70 per token. Together with her husband, the first lady Melania launched the cryptocurrency, which caused the fall of $ Trump by more than 40% – to the $ 38 mark. After that, the cost of the coin began to recover. Trump’s 200 million membranes are now in circulation, and up to one billion is planned to be released within three years, as stated on the official cryptocurrency website. In fact, Trump decided to monetize his popularity because of one of the most speculative types of cryptocurrencies. And not all representatives of the crypto -community liked it. The main argument of critics – such actions will further undermine the trust in the market, which is already filled with fraudulent schemes and unfair players. The researcher of the Center for Blockchain-Technology at the University College of London Angela Volch called the situation shameful. “The cryptoczector led to power a person who, by his first step, decided to take the opportunity to enrich the industry within this industry,” the researcher notes. However, Trump’s actions cannot be called fraud, the Deputy Director for Trade of Securities Dragon Capital (UP owner) Sergei Fursa is convinced. “This is not fraud because no one hides that this cryptocurrency has no internal value except Trump. But on the other hand, it is also impossible to call it an investment tool,” he said. Read also: Three thieves of the cryptovit, which formed and at the same time destroyed the industry, the EP interlocutors on cryptography are most often referred to as two main reasons for the creation of Trump cryptocurrency, which has his name: earnings and consolidation of supporters in non -standard for politicians. A total of 1 billion coins were created, of which 800 million are owned by Trump Organization Cic Digital, and the remaining 200 million was released into the market on January 17, 2025 during the initial offer. According to analysts of K33 research company, these 80% of tokens will not be sold immediately, but will gradually be released within three years. Despite the fact that Trump has enlisted the support of the leaders of the American crypto industry and promised to introduce favorable regulation of digital assets, the production of his own memkoine calls into question the seriousness of his intentions. In addition, it is not his first experience in cryptovity – in 2022, he earned millions of NFT, which was depicted as a superhero. The first crypto -resident representatives of the cryptocurrency industry were perhaps the most active in the support of Trump’s election campaign. In addition, they also invested at least $ 131 million in the last elections to Congress to help choose dozens of “pro -enlightenment” legislators. And this is not surprising, because during the election campaign, Trump often called himself a “cryptopolitan.” Interestingly, in an interview with Fox Business in 2021, Trump stated that Bitcoin and cryptocurrencies “can be a Great School” and that they “undermine the authority of the dollar.” However, now the newly chosen president has been running a number of initiatives that could change the US regulatory policy in the field of virtual assets. Thus, one of the main election statements was the obligation to release the Chairman of the SEC (securities and exchanges) Geri Gensler, who became famous for the rigid approach to the regulation of cryptocurrencies. General officially resigned from January 20, when Trump took the oath. The new head of the department was Paul Atkins, who should become a shift driver towards a weakening of regulation, especially for the cryptocurrency industry. Atkins, according to Trump, should start the process of realizing his next promise – to turn the United States into a world “cryptocurrency”. The main idea of a new president is to create a favorable environment Cryptocurrencies to prevent China in this field. Trump also supported the idea of creating a state Bitcoin reservo, which was previously offered by Senator Sinti Lamimis. Its purpose is to use cryptocurrencies to repay the US government debt. According to Bitcointreasuries, the United States already owns almost 200,000 BTCs, which were confiscated from cybercriminals or seized in the black market, and Trump has promised not to allow their sale. Read also: FTX collapse: as Samnkman-Fried, a cryptogiant, worth $ 30 billion among other Trump’s promises, support the mining industry and prevent initiatives to regulate cryptocurrency production, promoted by Joe Biden Administration. He declared the desire to make the US a global Bitcoin mining center, which aims at both economic and geopolitical goals. Finally, Trump has announced the creation of a cryptocurrency advisory council that will help develop market regulation. It is important to understand that the discussion of Trump’s potential decisions affects the price of Bitcoin. After all, this market is very sensitive to news and statements of influential persons, and investors’ reaction often ahead of the actual implementation of political decisions. After Trump’s victory in the US presidential election, Bitcoin grew to $ 89,000. Already on December 5, the cost of Bitcoin for the first time exceeded $ 100 thousand. Against the backdrop of Trump’s statements that Paul Atkins will hold the post of SEC. In addition, his victory contributed to the growth of Dogecoin by 152%. At the same time, the launch of his own Memcoin Trump and his wife caused criticism. Dan Hughes, a representative of the Radix crypto company, believes that such initiatives can undermine trust in the market, since “the popularity and liquidity manipulations can become more important than the fundamental value of the projects.” In the end, Contoxia’s investment company believes that the introduction of these coins a few days before the presidential inauguration is concerned about the potential conflict of interest and can undermine the dignity of the President and the First Lady. The family business and SKAM in the first days of the Trump trading demonstrated. Then many inexperienced investors and newcomers, reading the news, experienced the so -called effect of the lost opportunity. This is such a psychological phenomenon when a person feels a fear of losing a favorable opportunity or staying out of important events. This effect is especially widespread in investment, cryptocurrencies, exchange trading and business. The team that controls most tokens $ Trump, led by CIC Digital, owned assets during the day, the nominal value of which reached $ 51 billion on paper. However, this amount was conditional, since any attempt to sell a large part of the tokens would lead to a fall in their price. The situation intensified when Melania launched her own memkoine. This caused panic among investors who started selling $ Trump to buy a new asset. As a result, the US President’s memkoine price fell from more than $ 70 to $ 45 on the market. According to Global Ledger’s research, a wave of interest in memkoines created new tokens with loud names such as Milei, Melon Musk, Official Trump, or even Vladimir Putin, hints at famous personalities. To make them more attractive, they began to send large volumes of these tokens to owners $ Trump. Everything looked as if large market players were inserting into these coins, which provoked a hype among traders. People began to buy tokens, and their price increased rapidly. But as soon as the activity reached the peak, the fraudsters quickly sold their assets, taking millions of dollars into real money. For example, it happened with Barron token, which has no connection with Trump’s younger son Barron. It temporarily reached market capitalization of $ 460 million before collapsing by 95%. In a matter of days, the organizers of similar schemes earned more than $ 857 million, calculated in Global Ledger. They brought their profits through large cryptocurrencies. This type of fraud is also called “Pump and Dump”. It is an artificial increase in the value of the asset for its sale at an inflated price. One of its most famous practices was Jordan Belfort, known as the Wolf from Vol-Street. Read also: In the words you are “Wolf with Wall Street”, and in fact you lose everything. How not to get into the tenet of pseudochrokers? Equally interesting is the family business of Trumps – the cryptocurrency project of World Liberty Finance. Its launch took place in September 2024 – the next day after attempting to assassinate Donald. A few hours before Trump’s inauguration, the Fund made a large -scale investment in cryptocurrency worth almost $ 113 million. As of the beginning of 2025, the Fund’s portfolio increased to $ 345 million. The major part of the assets is formed by Ethereum (55%), USD Coin (15.6%) and Wrapped Bitcoin (13.3%), which are almost completely belonging to the Ethereum network. In the end, the project also caused a wave of debate, as critics see it a potential conflict of interest and the risks of political impact on cryptors.