Original author: Layergg
Original translation: TechFlow
A map of Trumps relationship with cryptocurrency.
In just one day, $TRUMPs market capitalization has exceeded $14 billion, ranking among the top 20 in market capitalization and surpassing $DOGE in fully diluted valuation (FDV). Currently, it has been successfully listed on major CEX/PERP platforms such as Binance and Coinbase.
At present, people’s attention is likely to focus on Trump-related tokens.
1. Tokens directly associated with Trump
$TRUMP: Controversy over its authenticity continues, but if it is real, it could very well become the most watched meme coin of this cycle.
Eric Trump: Trump’s second son Eric Trump revealed that he holds $BTC, $ETH, $SOL and $SUI.
$WLFI: Some people believe that Trump is only an advertising spokesperson and is not directly involved in the project. However, investors who are still not satisfied with $TRUMP may turn to $WLFI due to the fear of missing out (FOMO). Its on-chain portfolio has attracted widespread attention due to the Trump theme. After the release of $WLFI, $ENA and other $WLFI-related projects may be popular in the market.
2. DOGE Ecosystem
Elon Musk: No need to elaborate.
$DOGE
$DOGE
Howard Lutnick owns 5% of Tether and his company Cantor Fitzgerald is the asset manager for the project.
3.Solana Ecosystem
Since the Trump team issued $TRUMP on the Solana chain, the price of $SOL has risen by 40%. The SOL/ETH trading pair may hit a new historical high.
The possibility of launching a $SOL ETF in 2025 is also approaching.
$SOL Ecosystem: With the Trump team’s collaboration with Meteora and Jupiter, future emoji coins may continue on this path.
$JUP
$MET
Another Solana-based meme coin (celebrity) cycle may be about to begin.
$RAY
4.SEC
Paul Atkins was named SEC Chairman to succeed Gary Gensler.
He has served as an advisor to $RSR for many years and recently joined the advisory board of Securitize, a company with which $ONDO has deep ties.
Trump recently mentioned that he might suspend the SECs existing lawsuits against cryptocurrencies.
Cryptocurrencies that are involved in litigation with the SEC or have received Wells notices may attract attention.
5. US Coin
Trump recently spoke positively about the idea of using the U.S.-created cryptocurrency as a strategic reserve.
A classic example is $XRP and $SOL, but there are many more cryptocurrencies based in the US. See the following link for details: https://www.coincarp.com/project/?area=usa
6. Celebrity Coin Rush
Elon Musk might launch $ELON or $MUSK for entertainment purposes.
Meme narratives are going through a rotation of ‘dogs → cats → animals → AI → celebrities’.
7. Venture Capitalists (VCs)
a16z: Sriram Krishnan, who was named White House senior policy advisor, was a member of a16z. Brian Quintenz, nominated as CFTC chairman, is the head of cryptocurrency policy at a16z. a16zs cryptocurrency portfolio is huge.
Craft Ventures: David Sacks, who was appointed as the White House cryptocurrency commissioner, leads Craft Ventures.
$DYDX
$HONEY
Kraken Ventures: Another CFTC chairman nominee, Marco Santori, previously served as Kraken’s chief legal officer.
$MORPHO
$PUFFER
$USUAL
$PSTAKE
