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Paul Hsu ⏩
@paulhsu
Crypto never sleeps - don’t sleep on this… ❤️🤬 Love it or hate it: Overnight, 🇺🇸 President-elect Trump officially announces on X the launch of a Solana memecoin. ❤️🤬 Love it or hate it: a price frenzy is drawing mainstream attention to these tokens. Market participants are rushing to take positions, list the token and of course, tweet about it. Seven hours after his 8:44PM NY time launch, his launch tweet has 25M views. This is just the beginning. The attention fuels the flywheel. Memecoins attach value to attention. ❤️🤬 Love it or hate it: entities tied to the President- Elect own 80% of the token supply. Understand the incentives. Make what you may of these incentives tied to this event.
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Paul Hsu ⏩
@paulhsu
❤️🤬 Love it or hate it: this token launch is controversial and unconventional. With the initial speculative demand, there are bullish and bearish aspects across all digital assets trading and investing - short, medium and long term. Market pundits will speculate the impact at attract more attention - the reality is no one knows for sure. There are some patterns to be mindful of, from past political, celebrity and joke tokens, to past track records of Trump’s past projects, to the animal spirits in memecoin communities that get unleashed. There are many unknown unknowns. ❤️🤬 Love it or hate it: We are entering a new era of US crypto policy, mainstream adoption and volatile market cycles.
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