Memecoin-in-Chief: Donald Trump’s Crypto Escapades
The sometimes sordid, sometimes humourous, always ridiculous story of the launch of Trump Coin and its aftermath. Along the way, we explore the role cryptocurrency - and grift - has played in the second Trump presidency and how that might shape crypto in the future.
- Coincept (Substack), “Milliseconds to Millions: Snipers on Solana” — the “Naseem” wallet and the ~$109M single-snipe profit on $TRUMP. Link
- Bitcoin.com News, “What Is a Crypto Sniper?” — the “Dethective”-tracked trader and the $11.5M LIBRA-specific extraction. Link
- CoinMetrics (Substack), “Checking in on Solana After the Launch of TRUMP” — the $30.6M fee window and the 98% priority-fee share. Link
- Mitrade, “Validators on Solana received 100K SOL after TRUMP token launch” — the 87K SOL single-day peak (Jan 20) and Jito’s ~10% cut. Link
- Cryptonomist, “Solana collects fees for $25 million thanks to TRUMP and MELANIA” — the ~$25.8M validator total and Meteora’s $59M in 24-hour DEX fees. Link
- Helius, “$TRUMP’s Historic Weekend on Solana” — Solana’s $56.9M all-time-high daily REV figure. Link
- Wikipedia, “$Trump” — the “two out of three buyers lost money” figure and the mark-to-market-inclusive methodology behind the $3.81B loss number. Link