The introduction of President-elect Donald Trump’s TRUMP memecoin is a paradigm shift in the way the U.S. and the rest of the world approaches crypto, broker Bernstein said in a research report Monday.
“It signifies a new regulatory era, where governments see crypto as a technology to reach out to the masses directly,” analysts led by Gautam Chhugani said.

Trump’s official memecoin debuted on Saturday on the Solana blockchain. It rose to a fully diluted market cap of about $73 billion, making it one of the most successful token launches ever. It tanked almost 40% on Sunday when his wife Melania launched her own memecoin, MELANIA.
A token launch by the president-elect is a big signal to crypto builders in the U.S., especially given the crackdown on the industry by the Biden administration, Bernstein said.
It says “build away in the U.S., and don’t be shy of launching tokens – a new crypto regulatory era is here,” the authors wrote.
Still, the market may want more information on the utilization of the 80% of the TRUMP supply that is held by CIC Digital, an entity that is 100% owned by Donald Trump Revocable Trust.
A memecoin that capitalizes on Trump’s brand and politics has “potential longevity,” but will depend on the token design to “make it less extractive due to 80% insider supply,” the report added.

The TRUMP token will be listed on major crypto exchanges including Coinbase and Binance, according to announcements from the companies.
Read more: Coinbase, Binance Plan to List Donald Trump’s Official TRUMP Token After Its Phenomenal Debut
UPDATE (Jan. 20, 11:18 UTC): Replaces lead image.

Solana set a new all-time high of $295 as euphoria around the TRUMP memecoin spurs bullish interest. The network token rose over 20% on Saturday, Jan. 18 as on-chain trading volume reached $27Bn. Solana’s network token, SOL, rallied to a new all-time high of around...

Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

The chief investment officer at a digital asset investment firm believes the launch of the Official Trump (TRUMP) memecoin has marked a new age in crypto adoption.

Bitcoin’s new high surpasses its previous all-time high of $108,000 reached in December President-elect Donald Trump was once critical of Bitcoin, claiming it seemed “like a scam” On the eve of his inauguration, Trump and Melania Trump launched their memecoins Bitcoin...

Bitcoin hits new all-time high ahead of Trump's inauguration. Crypto stocks surge.

The $Trump coin dominated crypto market trading over the weekend as it exploded ahead of Donald Trump’s inauguration as president today. GeckoTerminal data shows that [...]

U.S. President-elect Donald Trump’s TRUMP token has made quite a splash in the crypto market, rapidly becoming the 21st largest digital asset with a market cap of $11 billion in just two days.
The TRUMP/USDT pair has emerged as the most-traded pair over the past 24 hours on the leading exchange, Binance, representing 13.3% of the total exchange volume, according to Coingecko.

While this activity is thrilling, the bulls and those looking to join the market ahead of Donald Trump’s inauguration might want to exercise caution, as a key derivatives market indicator has diverged bearishly from the token’s rising futures open interest.
Open interest in TRUMP perpetual futures has increased by 6% in the past 24 hours, according to data source Velo Data. Although prices have retraced from $70 to $58 since the Asian hours, they remain up by 3%.
However, the perpetual futures cumulative volume delta, which reflects the difference between buying and selling volume, has dropped by over 1%, indicating a relative increase in selling volume. In other words, traders are either taking outright shorts or bearish bets or closing long positions.

Besides, the market for TRUMP looks overheated, with those holding long positions paying an annualized funding fee of over 170% to shorts to keep their positions open. If the market stops rallying, holding longs will become a burden, potentially spurring an unwinding of the bullish bets. That, in turn, could lead to a deeper price slide.

CVD for major tokens. (Velo Data)
The chart shows most major cryptocurrencies have experienced a net selling in perpetual futures in the past 24 hours. Perhaps, market participants are fearing market-wide price losses in a classic “sell the fact” action following Trump’s inauguration.

U.S. President-elect Donald Trump's TRUMP token has made quite a splash in the crypto market, rapidly becoming the 21st largest digital asset with a …

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