brypto

After sleeping on it, this is my take on the wkd's events — the team that launched $TRUMP massively underestimated their own capital formation event

Here's the thinking: this is the same team that launched Trump trading cards on Polygon (https://collecttrumpcards.com/), CIC Digital LLC. The trading cards received a lackluster response, and this team expected a similar order of magnitude of attention for their next onchain "venture"

However, this time, they timed the meta correctly with a memecoin on Solana. It ended up going gangbusters and being bigger than they had expected. They were a bit flat-footed as a result, leading to the $MELANIA fumble

The crypto industry on the other hand, overestimated the intelligence and motives of this launch, and jumped to conclusions. They assumed long-term plans like using $TRUMP to galvanize a national strategic reserve and buy Greenland (😆)

Now, CIC has 80-90% of the supply and has to walk the razor's edge. Can they meet the inflated expectations of this token?

It seems CIC Digital stumbled upon a meme goldmine unexpectedly. Now, they'll need to carefully navigate high expectations with most of the supply in hand. A challenging yet interesting position!