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Today’s edition is brought to you by Squarecrows - an NFT collection that actually has legit value. |
Check out all their NFTs here |
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GM. This is Milk Road, the newsletter that stays plugged in over the weekend, so you don’t have to! |
Here’s what we got for you today: |
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HOW THE $TRUMP TOKEN WENT FROM $0-$9B IN A WEEKEND 🚀 |
Open your reminders app and punch in Dec 31st 2025…Got it? Good. |
Let’s all circle back on this story on that date and see if it’s still one of the wildest crypto stories of the year – ‘cause from where we’re standing right now, it is absolutely in the running. |
Today we’re talking about the launch, rise, demise, and rebirth of the official $TRUMP memecoin (which all happened in the span of a weekend). |
Here’s what you’ve missed… |
“The Launch” |
At 9:44 PM ET this past Friday, Trump announced the launch of the $TRUMP memecoin on Solana. |
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…or did he? |
Right out of the gates, people were crying ‘hack!’ – and rightly so. Something seemed off… |
No warm up campaign, no video announcement – just a cold launch on a Friday night? |
(That doesn’t add up – if there’s one thing Trump loves, it’s a press conference!). |
But of course, this was all happening on the internet – so in a matter of minutes, someone had shared a corresponding post from Truth Social… |
This was the point at which the collective thinking flipped from “this is fake”, to: |
“Ok, this is either a VERY comprehensive hack, or a VERY real announcement from the incoming president. |
Either way, this thing is probably going to rip harder than my dad’s Velcro wallet at Bass Pro Shop. Time to ape in.” |
Which brings us to… |
“The Rise” |
$TRUMP’s rise was like the crypto version of high-intensity training: sprint → rest → sprint. |
In the first 13hrs, the $TRUMP token gained ~$2.7B in fully diluted value (FDV) every. single. hour. Throughout most of the daylight hours of Saturday, $TRUMP took a rest (dropping ~37% from its high of $35). By ~9pm that night, the pump had resumed! With $TRUMP pulling a 3x from its Saturday low of ~$25!
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Come Sunday morning, $TRUMP had: |
Broken the Top 15 crypto rankings, flipped $JUP, $SHIB, $TON, and $HBAR, reached a high of $79.34, and hit a market cap of $14.94B! |
But what goes up, must come down – which brings us to… |
“The Demise” |
Ok, so what caused it? Did everyone take profits? Was this thing actually an elaborate hack after all? What was Joe Biden doing during all of this, huh? |
(Scratch that last one). Nope, the culprit was $MELANIA. |
At 4:20pm on Sunday afternoon, the official $MELANIA token launched, stealing $TRUMP’s thunder…and close to half of its market cap. 👇 |
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“The Rebirth” |
~50% crash? No biggie. |
Since yesterday evening, $TRUMP has bounced back to ~$44 per token (~$9B market cap) at the time of this writing, and is still holding its own at #23 in the top crypto rankings. |
(From $0-$9B in a weekend? We chalk that up as a win). |
Alright, next question: who actually won here? |
Keep scrolling to find out 👇 |
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WHO’S THE BIGGEST WINNER OF THE $TRUMP TOKEN LAUNCH? 🥇 |
Let’s break this sucker into two parts: short term winners, and long term winners. |
In the short term? The biggest winner of the $TRUMP token launch is Solana (hands down). |
From Friday to Sunday, Solana did more volume on decentralized exchanges (DEXs) than all of the other major chains COMBINED. 👇 |
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Causing Solana’s Real Economic Value to 2x its previous all-time highs on Sunday! |
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And pushing $SOL’s price up ~40%, from Friday’s low, to Sunday’s high! |
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…as for the long term winner? That will probably be Trump himself – ‘cause the tokenomics on this thing appear to be skewed HEAVILY in his favor. |
Only 20% of the tokens were unlocked at launch (10% going to the liquidity pool, and 10% going to the public). |
The remaining 80%? It was allocated to 6 groups labeled as "Creators & CIC Digital" 👇 |
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CIC Digital is an affiliate of the Trump Organization, which manages Trump’s digital ventures (including the $TRUMP meme coin and NFTs). |
So if you assume that Trump is not only one of the ‘Creators’ listed, but the key benefactor of CIC Digital – he could own as much as 80% of the token supply (~$43B worth at current prices). |
So where’s Trump putting all this newfound cash? |
Well, nowhere just yet – he hasn’t sold anything (the tokens are locked up for the next 3-36 months). |
But that hasn’t stopped World Liberty Financial (the DeFi platform he founded) from going on one helluva spending spree: |
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Now, before you say it – we know what you’re thinking! |
When an incoming president launches a largely self-owned memecoin just days before he takes office – is that a good or a bad thing for crypto? |
Time is yet to prove things out, but for now, both are kind of true. 👇 |
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Still hungry for more Trump content? Man, you’ve got some stamina on you! |
Good news is: we just sat down with VanEck’s Pranav Kanade on today’s episode of The Milk Road Show to talk about Trump's inauguration, and what it means for your portfolio! 👇 |
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YouTube | Spotify | Apple Podcasts |
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BITE-SIZED COOKIES FOR THE ROAD 🍪 |
CoinStats just upgraded its P&L calculation. You can now check your profit and loss (P&L) for your entire portfolio — both CeFi and DeFi. CoinStats keeps leveling up and honestly, we love them for it.* |
The first deadline for the Solana ETFs are up. We’re probably not going to get an approval just yet but who knows with Trump stepping back into office. |
Can Trump deliver on his 8 crypto promises? Our friends over at DL News have dropped a banger recapping everything Trump has vowed to do for crypto. - DL News |
Rumble, a video platform, have bought their first Bitcoin. With a purchase of more than $20M, they’re the latest recruit of the Saylor Strategy. |
We’ve added a new job opening! We now have 4 job positions available, the latest one being a social media manager here at Milk Road. |
Crypto cards are a surefire way to grow your crypto holdings. Just go about your normal life, swipe for your usual purchases and then get crypto rewards for free. Simple enough. |
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. |