Arthur Hayes Predicts Political Memecoins Surge as Crypto Traders Earn Millions from TRUMP Memecoin
Highlights:
- TRUMP token launched, gaining significant attention and a high market cap.
- Large investors and whales made substantial gains, sparking major discussions in the crypto market.
- Arthur Hayes predicts the rise of political memecoins, despite concerns over their stability.
Crypto traders are making millions from Official Trump (TRUMP), a Solana-based memecoin linked to President-elect Donald Trump. Launched on January 17, just before his inauguration, TRUMP’s market cap soared to $9 billion in hours, surpassing memecoins like Pepe and Bonk.
The project’s website reveals a total token supply of 1 billion, with distribution planned over three years. At launch, 200 million tokens were made available, with 20% unlocked, and the remaining 800 million will be released gradually over 36 months. CIC Digital, linked to Trump’s NFT ventures, will receive 80% of the total supply in six allocations. These tokens will unlock gradually over 24 months after an initial lock-up period of 3 to 12 months.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
Profits Surge Following TRUMP Token Launch, Blockchain Analytics Reveal
Blockchain analytics firm Lookonchain revealed impressive profits from the TRUMP token launch. A wallet named “LeBron” turned a $1 million USDC investment into over $2 million by buying 4.52 million TRUMP tokens shortly after launch.
A wallet named "LeBron" earned over $2M on $TRUMP just now!#Trump launched a meme coin, $TRUMP, on his truth social account (account theft is not ruled out).
LeBron spent 1M $USDC to buy 4.52M $TRUMP 2 minutes after #Trump's post, and then sold 4.12M $TRUMP for 2.49M $USDC,… pic.twitter.com/TwdS0XdwlR
— Lookonchain (@lookonchain) January 18, 2025
Another trader made $70 million in under four hours. They sold 1.35 million TRUMP for 3.65 million USDC while keeping 4.62 million tokens worth $67.5 million.
Turned $1.1M into $70M in just 4 hours—incredible!
This trader has sold 1.35M $TRUMP for $3.65M, and still holds 4.62M $TRUMP($67.5M), bringing his total profit to over $70M!https://t.co/m1k6zmKgLA pic.twitter.com/U3IeU23PER
— Lookonchain (@lookonchain) January 18, 2025
Pseudonymous trader 0xsun also profited significantly, purchasing 1 million TRUMP with 3,000 Solana, valued at $653,000. After selling a portion for $812,000, they gained over $3.7 million. Large investors, or “whales,” also jumped into the TRUMP token market. One whale withdrew 61,205 SOL, worth over $14.3 million, from OKX to acquire 1.27 million TRUMP tokens. Another spent 8.5 million USDC to buy 1.03 million tokens at an average price of $8.28.
At the time of writing, TRUMP was trading at $22.30, with a market cap of $4.32 billion. Its value surged 10,700% since launch, with $2.201 billion in trading volume across 227,625 transactions, according to Dexscreener.
Donald Trump’s presidential inauguration on January 20 has led to a bullish outlook for the new Solana-based meme crypto. Binance also had to stop SOL withdrawals during the token’s launch, sparking more discussions about its rising popularity. The TRUMP launch drove Solana’s decentralized exchange (DEX) volumes to a record $12.9 billion in just 24 hours, as reported by CoinGecko.
Arthur Hayes Predicts the Rise of Political Memecoins Amid TRUMP Token Launch
In a January 18 X post, Arthur Hayes emphasized the launch of the TRUMP token by the 47th U.S. president, suggesting it marks the start of the political memecoin market. He also noted that politicians who are not afraid of real-time public opinion might consider launching their own memecoin.
However, Hayes warns that “the tokenomics are fugazi,” implying these coins could be highly unstable. Despite this, he believes the potential for these coins to reach a $100 billion market cap remains strong, considering current market trends. Overall, these remarks, alongside the launch of a new meme token on Solana, have generated considerable attention in the crypto industry.
This is the launch of the political memecoin market. Any politician who isn’t afraid of knowing what the people think in real time will launch their own memecoin.
These tokenomics are fugazi , but the shit is going to 100 billy. https://t.co/beKbiphEjK
— Arthur Hayes (@CryptoHayes) January 18, 2025
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Syed Ali Haider
Syed Ali Haider is a contributing crypto writer for Crypto2Community. He is a crypto and blockchain journalist with over six years of experience. Syed Ali is a Blockchain enthusiast and writer passionate about enhancing the acceptance, adoption, and integration of Blockchain technology worldwide. He has also advocated for digital freedom and cybersecurity for many years. Haider has been featured in a number of high-profile crypto and finance outlets, including Coincult and more.
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