Trump Launches Coin, Why Are Polychain and Justin Sun Rumored to Be the Leaders?

Although Trump said he "didn't know much" about the meme coin of the same name, TRUMP, the Trump family's entire crypto layout undoubtedly has a powerful "operator".

Despite Trump's claim of having "limited knowledge" about the meme coin bearing his name, the Trump family's overall crypto strategy is undoubtedly being orchestrated by a powerful "operator."

Several project teams, including Moonshot, Jupiter/Meteora, and others, have actually secured advance collaborations with the Trump family behind the seemingly impromptu launch of the TRUMP coin. They are the biggest beneficiaries of Trump's epic coin issuance besides Solana.

For instance, Moonshot, which enables fiat currency purchases of memes, has quickly added 400,000 users, making it a strong new competitor to CEX. Meteora, which is operated by the same team as Jupiter, has the fastest growing project in the Solana ecosystem during the bonus of Trump coin issuance… As Trump's carefully chosen partners, they deserve long-term attention.

Primary supporter/beneficiary of Trump's coin issuance

Moonshot — 400,000 new users, a CEX challenger

After Trump issued the coin (TRUMP), Moonshot, as the official purchase channel recommended by Trump, added more than 400,000 new users and processed nearly $400 million in transactions within 24 hours. Due to the trading boom of TRUMP tokens, Moonshot once jumped to the top of the free financial applications on the US Apple App Store, surpassing Coinbase, PayPal and Robinhood.

According to @sliceanalytics statistics on Dune, Moonshot added 187,400 new on-chain users through TRUMP alone, while the previously popular Tiktok concept meme Chillguy only brought it more than 7,200 new users.

Currently, TRUMP’s cumulative trading volume in Moonshot has reached nearly US$750 million.

After Trump issued the coin, Robinhood also started cooperation with Moonshot, and more than 20 million users on Robinhood were able to deposit money to Moonshot seamlessly, opening up more traffic for Moonshot.

Moonshot is not a meme launch platform launched by DEXScreener, but it is from the same school as Pump.fun, and both are incubated by Alliance DAO.

Soon after it was launched in July last year, Moonshot was recommended by Murad, the super meme king. Its feature is that it supports fiat currency to recharge memes. Users can quickly recharge funds through common payment methods such as Apple Pay, credit cards, PayPal, etc., without having to manage complex blockchain wallets or pay gas fees.

Moonshot brings together a large number of popular meme coins, including many tokens that have not yet been listed on second-tier or top exchanges.

Around October last year, Moonshot officially became popular because of the "currency listing effect" of several big golden dogs, including MOODENG, SPX6900, Chillguy, and GOAT, and was hailed as the Binance of the meme world and the small Binance on the chain.

Because fiat currency can be deposited quickly, Moonshot is more likely to attract users outside the circle. MOODENG and Chillguy are both concept coins on TikTok.

The presidential meme TRUMP, which quickly passed $30 billion, is expected to become the best sign of Moonshot's "listing effect". From then on, the platform's listing effect and carefully selected tokens will deserve continued attention.

Moonshot allows a large number of users to participate directly without going through CEX, which also poses a considerable threat to CEX.

Moonshot has not yet disclosed its coin issuance plan.

Jupiter/Meteora — Shaking up the Solana DeFi Landscape

As the largest DEX aggregator on Solana, Jupiter is a star project that the crypto community is familiar with. However, many users may not be familiar with Meteora, a liquidity platform for stable assets on Solana. In fact, Meteora and Jupiter are founded by the same team, and Jupiter was founded after the Jupiter team founded Meteora.

Meteora was originally named Mercurial Finance and issued the MER token in 2022. However, due to the impact of the FTX incident, the brand was renamed Meteora and the MER token was abandoned. The new token MET that Meteora originally planned to issue has also not been issued.

Jupiter and Meteora provided LFG technology stack and liquidity support for Trump's coin issuance respectively.

After Trump issued the coin, Jupiter once published an article on the X platform, saying that the issuance of TRUMP used the same LFG technology stack as JUP, including the DLMM pool, ILM design and tight Jupiter integration.

Jupiter said that close collaboration with the Meteora team ensured a smooth launch of TRUMP, not only on Jupiter, but also across the entire ecosystem that uses the Jupiter API (including applications like Moonshot).

On Meteora, we can see that the TRUMP team injected 10% of the initial liquidity into the TRUMP/USDC trading pair