No surprise, Trump's SPAC for Truth Social ($DJT) is trading like a memecoin (up ~50% from debut today.) Trump will likely personally net billions. 

Attention assets are everywhere. Memecoins are the purest expression of the same phenomenon.

first-check crypto vc, investing in an internet that turns users into owners. some of our channels….. /variant /0to1 /web2web3

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

Porto Seguro, State of Bahia, 45810-000, Brazil

agree; most memecoins are fleeting unless they convert to community currencies. the diff is utility for the asset.

currently, i dont think $DJT is trading on that.

i agree but sense @variant's writing on memecoins overlooks the most valuable aspect of an attention asset: staying power

Trump may be able to net billions from Truth Social SPAC only bc his brand strength, dedicated fanbase, cultural proliferation and...

UTILITY

Truth Social provides utility

same w/ degen

"Whether Donald Trump own DJT?" Come to trade in PredX, the most Degen prediction market on Base:

"Whether Donald Trump own DJT?" Come to trade in PredX, the most Degen prediction market on Base:
https://events.predx.ai/eventdetail/?betkey=1718744324228lOHc39N&action=yes&Y2hhaW5faWQ9ODQ1Mw==

$DJT with $5mil in revenues

I wonder how many daily active users

$trump mcap around $240mil

I prefer more stable investments, like doland tremp