The popularity of Memecoins essentially relies on the attention economy, and Trump is undoubtedly a top driver of cultural influence.

Author: Jeff Park

Translation: Deep Tide TechFlow

Memecoins may be a zero-sum game on an economic level, but their social impact goes far beyond that. Think of poker, another typical zero-sum game, where skilled players can not only shine in the game but also create more value outside of it through their fame. Similarly, although the launch of the $MIRA Token also seems like a zero-sum game, those who contribute to its narrative for medical research funding reap significant social value. If you think the meaning of the game lies solely in pursuing economic benefits, you underestimate the true reasons people participate in the game.

Trading Memecoins also requires skill. Take the quantitative fund Renaissance Technologies as an example; this top firm does not focus on the actual performance of stocks but rather on how to leverage technological advantages for profit. Likewise, the best Memecoin traders are working to optimize blockchain latency to gain an edge in information acquisition and trade execution, similar to how Virtu Financial or Citadel Securities profit in traditional markets through limit orders.

Some worry that Memecoins will damage the overall reputation of cryptocurrencies, but in reality, this concern has long been surpassed by market developments. For instance, Trump's SPAC experienced price fluctuations of over 100%; the best-performing ETF in 2024 is the 2x leveraged Nvidia ETF (NVDA ETF), which is essentially a volatility tool; and ODTE (options on the day of expiration) has now dominated index trading. Regulators have long tacitly approved the gamification of the market; in contrast, Memecoins are merely a "small fish compared to a big fish."

So, why does the $TRUMP token attract so much attention? **The popularity of Memecoins essentially relies on the **attention economy, and Trump is undoubtedly a top driver of cultural influence. Just as the popularity of $DOGE is inseparable from Musk's personal charisma, Trump, with his strong self-awareness and marketing talent, may attempt to make his token surpass $DOGE and even challenge Bitcoin. His token set a new record for on-chain trading volume at launch, demonstrating the market's immense interest and potential for growth.

This brings to mind the "asymmetry in a zero-interest environment." When market volatility increases, potential gains can grow infinitely while losses are capped, making the price's upward potential more pronounced. The Trump token achieved a 372-fold surge within 36 hours, equivalent to a volatility of 485,028%—this makes $TRUMP a seemingly reasonable speculative choice.

To win in this game, you need to master Elliott Wave theory, the Wyckoff method, and the Kelly Criterion, while also understanding that $TRUMP will inevitably reach another peak.

(Deep Tide TechFlow Note: Elliott Wave Theory is like observing the "tides" of the market. It posits that market price changes are patterned, much like waves, with rises and falls that form certain patterns; the Wyckoff Method can be seen as a "detective tool for the market." It helps you observe the "supply and demand" dynamics and, by analyzing price and volume changes, determine whether the market is likely to rise or fall next; the Kelly Criterion acts as a "betting guide." It tells you how much to invest in each trade to maximize returns while minimizing risk.)

Of course, $TRUMP may face hacking attacks, massive sell-offs, or be replaced by $BARRON airdrops. But none of that matters—the essence is that it is a meme. What truly matters is the process of participation and the experience you gain from it.

As for whether this is good or bad for the overall development of cryptocurrencies, that is not the key issue. The key is how to find those "risk-resistant" assets and enhance your ability to obtain uncorrelated, high-risk-adjusted returns. $TRUMP is such an opportunity, combining the characteristics of cryptocurrency, cultural intellectual property, and professional speculation, even if it may ultimately go to zero.

I will continue to bet on the so-called long-term trend of "social entertainment," which actually provides diversification opportunities for my portfolio. I believe there exists a perfect meme that can accurately capture the current trend of this movement.

So the question is: have you found it?

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