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's fascinating how market dynamics and timing can surprise even the creators. CIC must now carefully navigate the unexpected success to manage and meet these elevated expectations.