
Zach Rynes | CLG|Jan 19, 2025 18:29
Never seen a token quite as divisive as TRUMP
I can easily steelman the argument on both side here
On the one hand you have the President of the United States launching a memecoin crypto on the day Gensler leaves the SEC, onboarding hundreds of thousands of people to crypto, signaling a complete 180 pivot from the U.S. government trying to kill crypto for the past 4 years to actively adopting crypto and fully embracing it, the starting gun has been fired and liquidity is coming
On the other hand, the optics look extremely poor in the face of our industry reasonable and fair crypto regulations, with a 80% concentrated supply in the hands of one man, who has a history of monetizing his brand and extracting value from his fans through merchandise and various schemes, with people with insider knowledge appearing to frontrun the token launch and the potential for retail to get rekt being high, this is truly the crime cycle
Result is greater liquidity, higher volatility, and a general increase in divisiveness in opinion regarding crypto from the general population
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink