Buy The Dip: A Trump Pump Is Incoming |
Three days before his inauguration, President Trump did something that set the crypto market on fire. |
He launched his own meme coin, TRUMP token. Supporters and speculators piled in, pushing its market cap to as high as $78 billion in just two days. |
And the crypto market rocketed on the news. Established cryptos like Solana and bitcoin rose 73% and 22%, respectively, from their weekly lows. |
Just 48 hours later, First Lady Melania Trump launched her own meme coin. But the market had the opposite reaction. |
The token launched, but the market rejected a second meme coin from the First Family, and crypto prices dropped sharply. |
Bitcoin dropped 8% and Solana crashed 22% in 24 hours. The TRUMP token plunged as much as 60%. |
If all of this is making your head spin, I can't blame you. But that's the type of volatility we expect to see during the melt-up phase of a crypto bull market. |
Take the 2021 crypto bull market, for example. It was fueled by the non-fungible token (NFT) craze. |
Every day, it seemed celebrities like Eminem, Snoop Dogg, Maria Sharapova, Connor McGregor, and Floyd Mayweather were launching NFT projects. |
It was a speculative frenzy that didn't end well for folks who hung around too long. But for those who were nimble, the profits were life-changing. |
By November 2021, tokens attached to NFT-centered projects like Sandbox (SAND) and Axie Infinity (AXS) had risen as much as 16,265% and 16,159%. |
And some NFTs like Bored Apes and Crypto Punks sold for as much as $3.4 million and $23.7 million, respectively. |
Some commentators are opining that the launch of the First Family meme coins could be signaling a market top. |
And while it may look that way to a casual observer, we can assure you this is just the beginning of what we believe will be the most face-melting bull market the crypto space has ever seen. |
The launch of President Trump's meme coin will act as jet fuel that ignites one of the most explosive bull markets ever. And the recent pullback we're seeing in crypto is an incredible buying opportunity for those who act now. |
President Trump Just Opened the Crypto Floodgates |
Since Daily editor Teeka Tiwari first started writing about crypto in 2016, he's pounded the table on one story: Adoption. |
As long as the number of people investing in this asset class goes up, asset prices will go higher. It's that simple. |
That's why I (Houston) was so bullish when President Trump launched his meme coin on Friday. Because it caused a stampede of new users into the space. |
You can see that happen on Moonshot, a mobile app that makes buying and selling meme coins easy. |
From last Friday through Saturday, the platform added 400,000 new users. That was in just 24 hours. |
Anyone who spotted the TRUMP coin launch early and invested in it potentially made millions. |
The token opened with a $550 million market cap and quickly climbed to $78 billion by Sunday morning. That's a 14,082% increase in under 48 hours. That would turn every $10,000 investment into more than $1.4 million. |
Stories of overnight riches caused massive FOMO (fear of missing out). And people flocked to Moonshot. It climbed to the No. 5 spot in the Apple App Store. |
 | Source: Apple App Store |
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And it jumped to the top of the "finance" category of the App Store. Outside of TurboTax, six of the top seven apps in "finance" are now crypto apps. |
 | Source: Apple App Store |
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As you can see, the launch of the TRUMP meme coin has already unleashed a huge wave of new crypto investors into the market. |
Just like prior bull markets, this is exactly what we expect to see before entering the most explosive melt-up phase… A massive wave of new investors piling in. |
While the market worries that the launch of tokens by the President and First Lady may signal a top… We're betting it's only the beginning of what will be a mind-bending melt-up in crypto prices as millions of non-crypto natives come flocking into the market. |
That's because the most powerful person on the planet now has most of his wealth tied up in crypto. So he has a personal interest in seeing this asset class going higher. |
Invest in the Direction of Power |
As of this writing, the TRUMP meme coin is valued at $41 billion. With President Trump and his team owning 80% of the supply, that suggests his stake is worth as much as $33 billion. |
According to Forbes, President Trump is worth roughly $6.1 billion. So he has over five times his net worth tied up in his meme coin. |
With so much of his personal wealth tied up in crypto, it's obvious he will do everything and anything within his power to help grow the crypto markets. |
That means this recent pullback in prices is a huge buying opportunity. |
In the weeks ahead, I believe millions will flock to the crypto markets as they see the most powerful person on the planet working to push crypto asset prices higher. |
Again, that's why the recent pullback is a great opportunity to stack quality crypto assets for the months ahead. |
A Simple Way to Play the Trump Trade |
When President Trump launched his meme coin, he chose to do it on the Solana (SOL) network. That's why we saw SOL pop 73% on the news. |
As long-time readers know, I (Houston) have been pounding the table on the Solana network since Digital Asset Daily launched last year. |
I outlined my thesis for Solana being a must-own asset back in August due to it having faster and cheaper transactions and the best development team. |
Since then, SOL has climbed 105% higher. |
When the president launched his meme coin on the Solana network, it created a massive stampede to the ecosystem. |
Within the first 24 hours, users transferred over $100 million to Solana from other networks like Ethereum, Arbitrum, and Base. |
In just a 24-hour period, the top wallet on Solana, Phantom, processed over $1.25 billion across 10 million transactions. That's more than most networks see in a week. |
The massive wealth effect and activity propelled SOL from $170 per token to $295 in just a few days. |
And I believe this is just the beginning as more people flood to the Solana network to speculate on meme coins like TRUMP. |
Don't let the recent volatility distract you from what's really happening. |
President Trump is the first pro-crypto president. He's assembling the most pro-crypto administration in history. And he'll have a pro-crypto Congress at his back. |
Looking back, it'll be clear that President Trump's meme coin launch is a watershed moment for crypto. He just gave mainstream investors the green light to flock to the crypto market. |
And owning Solana is one way to profit from the surging popularity of the meme coin market. |
Regards, |
Houston Molnar |
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