The Solana infrastructure behind Trump Coin: Who is the executor of the presidential currency issuance?

By Alex Liu, Foresight News

Trump's launch of TRUMP, the official Meme token, is the most topical and wealth-impacting event on Web3 in recent times. Looking back at this moment, you will find that it is obviously not a "temporary idea", a hasty move completed in 10 minutes using pump.fun, but a secret cooperation with multiple agreements and related projects on Solana in advance, "a long-planned move" ” coordinated action.

Which Solana-related projects have been selected in this ecological linkage? What features of them endeared them to the president’s team?

Jupiter officially issued an article on DLMM pool, ILM design, and tight Jupiter integration. "

Jupiter Lianchuang meow quoted this text and said: "LFG token launch technology stack: meteora, jupiter, moonshot"

Jupiter

Jupiter is the largest DEX aggregator on Solana and the first choice for players on the chain to trade tokens. It can be called the "traffic entrance" of Solana DeFi . By "certifying and endorsing" the official token at the first opportunity , Jupiter reduces the risk of ordinary users buying fraudulent tokens, and makes a strong stand for the token's "legitimacy" in the early stages, allowing users on the chain to Can "stud with confidence".

Jupiter's LFG token launch platform is also one of the largest on-chain token launch platforms. It has successfully launched tokens such as JUP and CLOUD before . It is not surprising that the Trump team chose it to launch $TRUMP this time.

Past projects of Jupiter LFG token launch platform

Meteora

Meteora is a liquidity protocol with the same founders as Jupiter ( actually it can be understood as Jupiter's product or shared team).

The TRUMP token was launched using Meteora's DLMM pool. The mechanism of DLMM is complex and there are many details. We will not explain it in detail. Let’s talk about the core reasons why it was selected by the Trump team:

• DLMM supports unilateral liquidity and ILM mechanism

ILM, the full name of Intuitive Launchpool Modeling, can customize the price curve of tokens when they are listed and issued, which helps stabilize the distribution process of tokens with high price fluctuations and maintain certain control over the market behavior of tokens.

At the same time, because DLMM supports unilateral liquidity, the Trump team smoothly sold over $500 million in tokens to the market within a few hours by injecting 10% of tokens into Meteora's TRUMP/USDC DLMM pool, and it was TRUMP A TRUMP/USDC main liquidity pool with a liquidity of over 100 million US dollars has been established on the chain.

• Liquidity pool creators can receive transaction fees

The popularity of TRUMP currency has brought huge transaction volume and huge LP handling fees. In just 5 hours after it went online, the LP handling fees of the main liquidity pool exceeded 12 million US dollars. The LP income of a single liquidity pool is on the chain. Second only to Tether among all protocols on the Internet ! And the number eventually reached over $20 million.

Image source: @ai_9684xtpa

Due to the mechanism of DLMM, the Trump team is the creator of the main liquidity pool, providing the initial unilateral liquidity, and as a Creator can also receive transaction fees. In fact, the Trump team’s LP fee income exceeded $40 million on the day the token was launched alone .

Moonshot

Moonshot is a Meme currency trading platform, famous for its large number of retail investors, easy deposits (supports credit cards, Apple Pay, etc.), and its currency listing effect . After the TRUMP coin issuance incident, it has become one of the most popular financial applications in the US App Store and is a veritable " entry channel for retail investors."

After Trump only officially announced the issuance of tokens on the Truth Social platform, everyone was still skeptical and believed that Trump's social account might have been stolen. Moonshot certified the tokens at the speed of light , providing the majority of American leeks (if Studied and is now a rich man) injected a boost of strength, bringing a large number of buying orders.

Moonshot said that after being recommended as the preferred purchase method on the TRUMP website , the platform's 12-hour transaction volume reached $400 million, while more than 400,000 new users joined the Solana ecosystem through its app.

Moonshot certified the TRUMP coin at $0.43, with TRUMP rising as high as $77.

The consecutive certifications of Moonshot and Jupiter have dispelled the concerns of players on and off the chain, and through their respective positions at the traffic entrance in the corresponding fields, they have brought strong purchasing power to the tokens.

Wintermute

According to on-chain address monitoring, the market maker of TRUMP currency is Wintermute. Market makers are responsible for maintaining the liquidity of token trading pairs and narrowing the bid-ask spread.

Wintermute itself is the market maker of multiple Solana ecological Meme coins and the main market maker of many high-market value Meme coins. It has rich experience in Meme market making. Its market-making style is relatively active, which can be seen from the sharp rise and fall of TRUMP's price performance.

Image source: @ai_9684xtpa

Through the "President's Strictly Selection" combo, the Internet has become very popular, and the Trump team has made a lot of money. Are you a loser?