Trump Storm

CN
6 hours ago

Over the weekend, the crypto ecosystem was shaken by a storm: the Twitter account of incoming President Trump announced that the Trump team officially released the Trump meme coin.

As of the time of writing, the fully circulating market value of this meme coin has exceeded $40 billion, with countless accounts on Twitter showcasing their profits.

This wave of excitement has once again created a myth of players turning from nothing into millionaires.

There was initially much debate about whether this coin was actually released by Trump's team. Later, when a Twitter user claimed that another token named USA would be released next, Trump's son Eric commented: "USA has nothing to do with us."

This comment indirectly put an end to the debate.

Regarding this matter, there has been a strong condemnation online, especially from some overseas users:

They believe that this ecosystem already has too many chaotic issues, and for President Trump to get involved and stir the pot is truly a tragedy for this ecosystem.

However, I believe this storm is a normal manifestation of the freedom, equality, no barriers, and anti-censorship that the crypto ecosystem represents, and it shouldn't be taken too seriously.

Anyone (regardless of identity, race, or nationality) can showcase their abilities and initiate their own projects on this platform. Information is open and transparent.

The choice is made by the participants themselves, and the ultimate responsibility can only be borne by the participants—after all, no one is forcing them to buy in at gunpoint.

Did we not choose to enter the blockchain world for more choices and greater freedom? What seems like an "absurd" situation is just another side of freedom.

Returning to this storm, if we assume that this token is indeed released by Trump's team, I think what is more worth pondering is:

After this storm, what kind of impact will it have on this ecosystem, especially on the market trends of the entire crypto ecosystem in the coming year?

I believe there are several positive aspects:

If the president can release a meme coin, it means that anyone (at least in terms of regulation) can release a meme coin. The public and high-profile release of a meme coin by a public figure undoubtedly challenges the bottom line of regulation. The fact that this bottom line has been crossed without seeming to provoke regulatory action suggests that the regulation of the crypto ecosystem in the U.S. will be greatly relaxed.

This relaxation may be even stronger than we previously anticipated.

A relaxation of regulation means that in the next four years starting from 2025, more behaviors, models, and scenarios that we cannot even imagine will occur in the crypto ecosystem.

Previously, Trump had promised several policies regarding the crypto ecosystem (such as incorporating Bitcoin into the U.S. national strategic reserve), and the likelihood of these promises being fulfilled now seems greatly increased. After all, compared to meme coins, those policy commitments are much more serious and formal.

If even a game like a meme coin can be taken so seriously, there is no reason those policies shouldn't be implemented.

On the other hand, I think it is more important to note the risks involved.

Previously, the impression of Trump among global countries (including U.S. politicians) has been:

His policies and actions are highly uncertain, and his methods and governance ideas do not follow conventions. More importantly, many of his seemingly "unreliable" policies have indeed been implemented—these can trigger severe fluctuations in the financial markets.

This has already been demonstrated in his previous term and in a series of events following his recent election.

As a president with significant influence in the crypto ecosystem personally engaging in meme coin activities and interacting with global participants, this is a typical manifestation of that uncertainty in the crypto ecosystem—none of us would have expected him to play this card.

Moreover, this also caps the ceiling for meme coins. In the short term, I do not see any meme, character, or event that can surpass the narrative of this meme in terms of scale and influence.

From another perspective, does this mean that meme coins have, in some sense, already "ended"?

When I say "end," I do not mean that there will be no more meme coins in the future, but rather that future meme coins will likely have a very low chance of surpassing Trump.

However, with peaks come valleys, a rule that financial markets can never escape. Trump is no exception. The height to which this storm can push Trump's market may be matched by how severely it can fall in the future. Therefore, players participating in this game should be particularly cautious of the risks involved.

The uncertainty of Trump in the crypto ecosystem will not be limited to this one instance; there will certainly be follow-ups. The first six months after he takes office will be a period of intensive policy releases, during which uncertainty may erupt.

The most direct impact it brings is significant volatility to the entire crypto ecosystem's market trends, making it extremely difficult for us to judge the upcoming market trends.

In past cycles of the crypto ecosystem, we have always worried about various black swan events affecting or even interrupting the market. But now, the impact of Trump releasing a meme coin has almost surpassed any other factor that has brought uncertainty to the crypto ecosystem. It can be said that Trump is now the largest and most core uncertainty in the crypto ecosystem.

With such a clear yet unknown "uncertainty" present, is it good or bad for the crypto ecosystem?

To quote a popular AI agent, Vader, who commented on this on Saturday, it said:

"2025 will be a very interesting year."

Let's see if this judgment from artificial intelligence turns out to be correct.

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