Cointime

Download App
iOS & Android

Opinion: The difference between Trump's Meme Coin issuance and the medium

just a few days before the US presidential inauguration, Trump directly issued his personal meme coin $Trump on the Truth Social platform, triggering a rush of speculators to buy. Within just 24 hours, the market value of this "Trump coin" skyrocketed to an astonishing $4.8 billion, with a fully diluted valuation of up to $24.3 billion. This number not only broke the record of meme coins but also indicated its potential to challenge the dominant position of Dogecoin in the meme coin field. To many, the president's launch of a meme coin is unprecedented, but if we carefully examine Trump's development and use of his brand over the years, this is not surprising. From Trump University to Trump hotels, casinos, and even NFTs, the president has long been accustomed to monetizing his personal brand. The difference this time is not in strategy but in the medium - an ironic fact is that all of this actually stems from the current regulatory environment.

Comments

All Comments

Recommended for you

  • Bitcoin ETF Ends Nine-Day Net Inflow with $148.7 Million Outflow

    On October 1, Farside Investors reported that the Bitcoin ETF experienced a net outflow of $148.7 million yesterday, ending a streak of nine consecutive trading days of net inflows. Additionally, the Ethereum ETF saw a net outflow of $59.6 million yesterday.
  • WTI Crude Oil Drops Over 1.00% Today, Currently at $88.55 per Barrel

    On October 1, WTI crude oil dropped over 1.00% today, currently priced at $88.55 per barrel.
  • Korean Stocks Rise Over 1%

    On October 1, the South Korean Composite Index expanded its gains to 1%, having previously dipped by 1%. In individual stocks, Samsung Electronics rose by 1.12%, and SK Hynix increased by 1.80%. In news, the Korea Customs Service released data on Thursday showing that the export amount for September, adjusted for working days, reached $120.9 billion, setting a new historical high with a year-on-year increase of 104.9%; the total chip exports in September surged by 263% compared to the same period last year, reaching a record $60.3 billion.
  • South Korea to Allow Analysts to Anonymously Publish Reports with 'Sell' Recommendations

    On October 1, South Korea will allow analysts to anonymously publish reports containing 'sell' recommendations.
  • Grayscale's Zcash ETF (ZCSH) Completes 3-for-1 Stock Split

    On October 1, GlobeNewswire reported that Grayscale's Zcash ETF (ticker ZCSH) has completed its previously announced 3-for-1 stock split. The split took effect before the market opened on September 30, with trading occurring on a post-split basis that day. Shareholders recorded as of the close on September 28 received 2 additional shares for every 1 share held, distributed after the close on September 29. This means that each share before the split became 3 shares after the split, with the net asset value (NAV) per share approximately reduced to one-third of its pre-split value, while the total investment value for shareholders remains unchanged. Post-split, ZCSH continues to trade on NYSE Arca, with the CUSIP remaining the same. The filing discloses that ZCSH is an ETP, a fund not registered under the Investment Company Act of 1940, and does not directly hold ZEC.
  • GMI Cloud Secures $668 Million in Funding with NVIDIA Participation

    On October 1, PR Newswire reported that AI-native cloud service provider GMI Cloud announced the completion of $668 million in financing, which includes $223 million in Series B equity financing and $445 million in credit facilities. The Series B round was led by ARCHIV, an AI and robotics firm based in San Francisco, with participation from NVIDIA, DSC Investment, Trend Micro, KB Investment, Kyobo Life, and KT. The credit facilities were led by China Trust Commercial Bank (CTBC). The company stated that its annual recurring revenue from contracts has surpassed $600 million, projected to exceed nine times that by the end of 2025, with its inference platform processing approximately 40 trillion tokens weekly. The funds will be used to expand GPU capacity in the United States, Taiwan, and other regions in the Asia-Pacific, with the valuation not disclosed.
  • ether.fi Responds to Ethereum Node Operator Security Incident: weETH Unexposed and Unaffected, Funds Secure

    On October 1, ether.fi stated that it has noted a security incident that occurred earlier with an Ethereum node operator; weETH has no exposure to this incident and remains unaffected, with all funds secure.
  • Fed's Kashkari: One More Rate Hike Expected This Year, Another in 2027

    On October 1, 2026 FOMC voting member and Minneapolis Fed President Kashkari stated that the inflation rate remains too high, currently around 3%, and the latest data has not changed this situation; despite facing shocks, the economy remains strong. He mentioned that the longer the economy stays strong, the more he questions the extent of monetary policy tightening, and he expects one more rate hike this year and another in 2027, hoping the Fed can reduce inflation through moderate actions.
  • Spot Silver Falls Below $60/Ounce for the First Time Since August 5

    On October 1, spot silver fell below $60 per ounce for the first time since August 5, declining by 0.72% during the day. (Jin Shi)
  • Whale Withdraws 2,000 ZEC from Binance, Main Wallet Balance Increases to Approximately $66.19 Million

    On October 1, according to on-chain tracking account Onchain Lens, a whale withdrew 2,000 ZEC (approximately $2.82 million) from Binance through two wallets, subsequently consolidating the funds into its main holding wallet. The main wallet now holds approximately $66.19 million in ZEC.