1. "Presidential Air Coin": The Ultimate Carnival of Power Monetization
The TRUMP coin launched by the Trump family is a textbook case of "political elite harvesting techniques." Under the guise of "celebrating victory," it effectively squeezed out all the traffic dividends before the presidential term. Within 12 hours of its launch, the TRUMP coin skyrocketed by 40,000%, with its market value once soaring to $32 billion, several times more than the wealth accumulated by the Trump family over three generations. Even more absurdly, 80% of the tokens were held by companies associated with the Trump Group, equivalent to the presidential family holding the "nuclear button," ready to crash the market and cash out at any moment. This operation is even more shameless than traditional financial scams—after all, those scammers at least have to concoct a "blockchain technology" story, while Trump simply threw out the phrase "have fun" and called it a day.
2. The "Schrödinger's Evasion" of Morality and Law
The Trump team precisely timed the coin launch three days before the inauguration, perfectly circumventing the conflict of interest restrictions of the presidential office, earning the title of "master of legal time management." However, while claiming "no relation to politics" in disclaimers, they actually used presidential influence to endorse the tokens, with even son Eric stepping in to promote it, creating a veritable "family-style harvesting of the chives." Ironically, when asked at a White House press conference about profiting billions of dollars, Trump laughed and replied, "That's small change for tech billionaires."—as if the hard-earned money of retail investors was merely pocket change in the games of the wealthy.
3. The "Follow-the-Leader Imitation Show" of Global Politicians
Argentinian President Milei quickly followed suit by promoting the "Liberty Coin," which resulted in a 94% drop in coin value, directly triggering an impeachment crisis. This wave of "presidential coin issuance" exposes a harsh reality: politicians are treating cryptocurrency as a new form of political donation. The TRUMP coin has been questioned as "covert corruption," while the Milei coin has been confirmed as a "rug pull scam," both essentially exploiting the public's blind trust in power, using national credit as a sickle to cut into the most fervent supporters. No wonder the Washington Post harshly criticized this as "the new era of extortion economy."
4. Market Madness: From FOMO (Fear of Missing Out) to FUD (Fear, Uncertainty, Doubt) in Just One Night
The wild fluctuations of the TRUMP coin can be seen as performance art: soaring from $0.18 to $75 and then halving, with over 260,000 people liquidated within 24 hours. Even more surreal, the Solana network temporarily collapsed due to a surge in trading volume, and Binance urgently closed withdrawal channels—technical bottlenecks couldn't stop the enthusiasm of retail investors "heading to their doom." The so-called "on-chain spring" and "political meme coin innovation" are merely cloaking speculation in a "decentralized" guise. After all, when the president personally demonstrates the "coin issuance-pump-cash out" one-stop service, who cares whether the tokens have any actual use?
5. The "Emperor's New Clothes" of Regulation: SEC Silence, Retail Investors Weep
In the face of presidential-level harvesting, regulatory agencies collectively "chose to be blind." The SEC chair has been replaced with a crypto-friendly figure, and the Trump team arrogantly claims "the tokens are not securities"—as if slapping a "Meme" label on it could provide immunity from legal accountability. But anyone with clear eyes knows this is just the "compliance magic" of the elite: when 80% of the tokens are in the hands of the presidential family, "decentralization" becomes the most ironic joke.
Conclusion
The essence of presidential coin issuance is a conspiracy of power and capital: packaging air with political halo and exchanging public faith for exorbitant profits. When Trump denounced "corrupt groups plundering wealth" in his inaugural speech, the TRUMP coin in the audience's hands was plummeting—this may be the most genuine dark humor of contemporary politics. As for ordinary investors? They are merely the freshest fuel in this "high-end Ponzi scheme."
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