Wealth reorganization within 48 hours: rich and losses behind Trump

Original: Zhu Liyu, Qiu Hao, Guan Yiwen, late LatePost

Edit: Guan Yiwen

Two days before the President of the United States, the Trump team seized the final cargo window and released the MEME coin (almed currency) $ Trump. This cryptocurrency does not have any function, only reflects the most fundamental logic of the trading market -people who want to buy more than those who want to sell, will rise; in turn, fall.

This is the apex of Trump's series of goods. During the election, he sold the "FIGHT FIGHT FIGHT" combat perfume of $ 199 a bottle, $ 399 "NEVER SURRENDER" sneakers and up to $ 100,000 Trump watches, so that ordinary people and wealthy fans were available. purchase.

"Fight Fight Fight" is a slogan launched after Trump's assassination, and this time also appeared on the official logo of $ Trump.

The foam was generated instantly and quickly dissipated. The price of $ Trump has increased from less than $ 1 to $ 75 after one and a half days after the issuance. It is calculated at the total amount of 1 billion issued. Ske's dog coin. And $ Trump plummeted from the price point to less than half, and it took only a day and a half.

A few people who participated in the earlier earnings, more people who followed the trend lost money, and the trajectory of life was divided into this. Of course, the most direct profitable is the Trump team of issuing coins. Coinbase executives Conor Grogan said that even if they did not sell any tokens, the Trump team earned about $ 58 million in transaction costs within a day.

This confirms a simple fact: in a purely speculative market, the only thing that can ensure that money is "open casino". This article tries to record the experience of this absurd transaction participant 48 hours after the issuance of Trump.

Before the Trump pushed Twitter, bet on $ 600,000

"Moonshot! Moonshot!" At 21:00 on January 17th, Eastern Time (the following is Eastern Time), a shouting sound suddenly broke out in the 0xsun headset, and several cryptocurrency players shouted in the group. Moonshot is a platform that can use legal currency trading models.

0XSUN and these people are in the same group. They are accustomed to hanging voice chat for six or seven hours every day. Play games. The game is extremely thrilling. They may earn hundreds of millions of dollars in a few hours, or everything returns to zero.

The person who shouted "Moonshot" turned a link to the group at the same time. It was Trump that Trump announced on his media platform Truth. At this time, it was only two days before he officially served as the US president.

"This may be the biggest opportunity I have joined the currency circle." 0xsun thought. But this unprepared thing seems a bit ridiculous. How can a presidential release of a worthless tokens? It seems to be more like a hacker number -this is also very common in the currency circle.

"Celebrate our victory and have fun!" $ Trump's official website wrote. The website repeatedly emphasized that this currency does not mean any investment opportunities and has nothing to do with politics.

This is the appearance of classic coins. At the beginning, there was no actual value, no so -called fundamentals, and was often nicknamed "air currency". A popular joke on the Internet and an emoji can become a coin. Its value depends only on how many people are willing to believe that it is valuable and is willing to spend money to buy, and therefore has become the preferred tool for various scams.

Not sure if you should buy it. After 3 minutes after the release of $ TRUMP, the monitoring system of 0xSun on the blockchain issued an alarm. A new message reminded him that the racing game calculated in seconds began -a block that he long -term monitoring was monitored for a long time. The chain address has begun to buy.

The address of that long character composition is called "smart money", which refers to an account with good past transactions. In the impression of 0XSUN, the trader is less than 20 years old, earn a lot of money, does not pursue winning rate, only pursues early buying in the new project, and obtains low -cost advantages.

After another 10 minutes, the various currency circles where 0xsun was located began to discuss $ Trump. Most people were questioning how ridiculous the currency was.

At this time, 0XSUN has started to buy $ 20,000 per minute, which is earlier than most people, and the cost is extremely low. Because he found on his monitoring system, the Moonshot platform officially launched $ Trump in just a few minutes. At this time, the platform has not yet issued an announcement. Moonshot is relatively compliant, which makes him more convinced that officials have long talked about cooperation, rather than hackers. Many traders quickly judge buying with this point.

0XSUN stares at the three computer screens in front of him. He opens two trading pages and repeatedly click to refresh. The trading platform starts to be stuck and down. The average cost of the dollar, the average cost of $ 0.6 -exactly the extremely low cost allows him to make a lot of money after a few hours. 0XSUN has also become the first batch of people who have made a lot of money in $ Trump in the currency circle.

"The powerful traders have their own intelligence systems." A trader code -named Doso.etH said, "If this system does well enough, it is like opening the eyes."

0xsun is a player on the chain, and individuals trades directly on the blockchain. Compared with exchanges such as Binance, this method is "unlimited and infinitely risky." Therefore, players on the chain must make good use of data analysis tools and collect information, and always track the important developments related to transactions -mental work, and are more physical.

**Big celebrities, dog heads, and sad frogs are no different for buyers

who act first**

"We have encountered too many projects that are suspected of being stolen. Analysis of data and collecting information is our muscle memory." Said another chain player Moon . She rely on $ TRUMP's current account profit of more than $ 1 million.

Of the tens of thousands of newly released aluminums every day, 99% of the value will be zero. Some of the coins were scams from the beginning, and the project party suddenly ran after attracting huge funds. The scam of the encryption circle is called "Rug Pull", which literally means "pumping carpet", which vividly describes how unexpected this scam is.

Moon has only two and a half years, and has adapted to this changing market. She usually quickly studies projects and make decisions within five or six minutes. The mistake of judging, she just reflected the problem, and did not waste time to generate emotions. "When you are struggling with and giving you a psychological massage, you may have missed the next chance." She said in a undulating tone.

The 7 -year -old Bond is not afraid of scams. Like 0xsun, he chose to "rush one" when most people were doubtful about $ Trump. Because he bought it early, he won a 20 -fold return at a cost of $ 1 million.

Bond has experienced a scam. As soon as the scammer comes up, it will fill the funds pool 100 million US dollars to speculate on its own. The market value of the three -day issue of the issuance of coins has skyrocketed all the way. When all the participants were full of joy, the pool was suddenly withdrawn.

"If you run fast, you can make money." Bond thinks that even $ Trump is such a large scam. He thinks that he can get out earlier than others and run first than scammers.

At 21:44, Trump's Twitter account sent a message of $ TRUMP. At this time, 0xsun has ended the buying operation, holding one thousandth of the total amount of $ Trump.

The transaction data on the chain is open and transparent. Moon views the profitability of the wallet on the chain. She believes that most of these people are "ordinary people", without the so -called human connections and inside information, and obtain information from technical analysis.

During the one -hour skyrocketing value of 0XSUN, celebrities in the cryptocurrency circle were wearing a black suit to hold a bow tie and held a ball in the auditorium outside the White House. Tickets for $ 2500 are sold out quickly, and some people spend $ 100,000 to buy VIP seats. In order to see the person in charge of the Pleuge artificial intelligence and cryptocurrency of the White House.

"The terrorist rule for cryptocurrencies has ended." The upcoming person in charge explicitly opposed the strong supervision of the Biden government. "The innovation of American cryptocurrencies has just begun."

In order to celebrate Trump's upcoming office, the ball was expected to launch a favorable industry policy to the most friendly US president in cryptocurrencies, but Trump did not appear at the ball.

The news of the dance was half, and the news of $ Trump's sale came, and many people present were just known. When the rapper at the ball sang "DON'TOP BELIEVIN '", more and more people around the world began to believe that $ Trump was true. A large amount of funds came immediately. The value of the body is rapidly pushing up.

In the eyes of 0XSUN, this person's name is just an influential symbol, a heat sink, and no difference between the emoji packs (such as dog heads and sad frogs) representing other factors.

**From the pursuit of usefulness to a complete speculation, "Give another

hundred times a chance, I can't make this money"**

At 21:30, Christine stared at the 0xsun's wallet on the 0xsun chain and saw that he was buying a total of $ 600,000 per minute. Christine only casts $ 10,000 or 20,000 to test the water, and she feels "no longer has time and cost advantage."

Half an hour later, 0XSUN has enjoyed a huge income of a lot of investment. He constantly refreshed the toolpage of calculating income. At the fastest, his asset figures rose $ 1 million every few minutes.

"The profit number of the book is too big." 0xsun said that when the price rose to $ 4, he sold a stroke to ensure that he could get back the principal. People who earn the most money on $ Trump usually have similar portraits: staring at the monitoring system and seeing information all day, living the screen into a part of the body; dare to bet, but have clear trading discipline.

Christine is not one of them. She also worked very hard. The first thing to wake up was to open the screen on the bed to see the market on the bed. At the day of the release of $ trump, she had to accept a fact: just slept for half an hour, and the cost when she bought $ TRUMP was 6 times higher than 0xsun.

Five or six hours after sale, the price of $ TRUMP rose to $ 14, temporarily stabilized. "An air coin that has nothing, I feel that it can't go up." Christine said. In the lobby of the Litton Hotel in West Kowloon, Hong Kong, she took out the computer in the gap of her job and sold it.

Three hours later, she was surprised to see the price line rose suddenly at ninety degrees, the price did not fall, and continued to soar to $ 23. A large amount of funds quickly influxed, and the "giant whale" entered the venue. Christine bought it again, rising to $ 25 and hurriedly sold.

Not only Christine does this, many people with enclosures are the same, watching and tentative purchases.

They have the main business to do NFT, make artworks into virtual collections that can be traded; some people do decentralized finance (DEFI) to put loans on the chain to earn interest; some people do trading contracts, rely on predicting the price trend of a certain currency, the price trend of a certain currency, Add leverage to obtain high returns.

"All we do are speculative transactions, there is no height, but the coin is speculative in speculation." A trader mocked himself. Because of the characteristics of extreme fluctuations and speculation, coupled with frequent scams, the status of the currency circle was comparison in the past.

In the past two years, the coin has gradually entered the mainstream of the currency circle. Cable currency data statistics platform Coingecko statistics, last year, the coin attracted 31% of the investors' attention. Every three people are more interested in the "air currency" of cats, dogs, dogs and frog monkeys patterns, rather than have technological innovation value coins.

On the third day after the release of $ trump, the next day, the 47th asks of the 47th US president asked about reporters: "I initiated it, it was very successful, and I didn't know much about it. "

His vague attitude attracted many people in the industry. Danny Scott, CEO of CEONCORNER, a cryptocurrency exchange, said Trump mocked the entire industry with a hype.

Last year, at the Bitcoin 2024 conference hosted by the old -fashioned media industry media Bitcoin Magazine, Trump led a series of crypto -friendly politics programs such as Bitcoin strategic reserves, making the United States a world crypto center and a Bitcoin super country.

Before fulfilling any promise, the interest has been exchanged. The founder of a blockchain information platform is unpredictable that parliamentary members of the parliament to buy and sell tens of thousands of dollars have to be declared and laughed at by people around the world, but there is no supervision of the upcoming president to engage in cryptocurrencies. A withdrawal machine.

Early cryptocurrencies participants were a considerable proportion of the decentralization of faith and decentralized. After the huge value of Bitcoin generated, financial investment or speculation became the mainstream. In recent years, with the supervision of governments, large financial institutions, and more popular participation, compliance has gradually become a mainstream narrative.

The founder of the aforementioned information platform felt that the Trump team issuing coins was a traditional collapse of compliance in the traditional sense. Even the president was worthless in the same way before taking office. Can.

"The industry is ushered in the super cycle of the coin," said traders codenamed doso.etH. The effect of making a rich coin has become stronger and stronger. For example, in March 2024, a KOL coin -to -coin specially painted with a sad frog stalk map reached a maximum market value of up to a billion dollars, and many early participants obtained a hundred times benefits.

The currency circle is switching to gameplay. Many veterans have not followed the wave of the mold, because they are disdainful, unable to understand or not believed.

The trader DAFTPUNK was not profitable on $ TRUMP because his main position was not placed on the Solana chain of hosting $ Trump. To transfer to assets from other places, it is much slower than the players on the Solana chain. DAFTPUNK entered the apex of Bitcoin's 2017 boom, and thought that there was a decentralization ideal, and the development and governance of blockchain platforms such as Solana became more centralized. He did not agree and did Essence

A trader called "Queen" in the currency circle, when $ Trump rose to $ 8.5, still warehouses to chase high for $ 6 million. Two days later, she added a line to her social media profile: "Turned $ 6m to $ 32M in 2 Days. Retired :)"

An old player who bought at 1.4 US dollars has a set of their own money to make money. There is no fundamental aspect of the coin, and the core ability is two points: enter a sufficient core circle to master the best information; Fut the principles of your own transaction.

Christine said: "Give me another hundred times a chance, I can't make this money." She has a steady investment style and is unwilling to "fight dogs" in full -time (speculation of the model). She thinks this money is only suitable for more than 20 years old. People earn. She was in her 30s and couldn't bear to stare day and night.

At 5 am on the 18th, 0xSun's last operation was sold, and the $ 600,000 principal became more than $ 20 million at this time.

He doesn't feel very real. In the past three years, he woke up once every day or two, and opened his eyes to see the market and news first, for fear of missing any opportunity. When traveling, he also has to put a 27 -inch display plug in the lizes. Now he is going to rest for a while.

Since the 18th, well -known exchanges such as Binance have been launched at $ Trump. A large number of retail investors who will not be traded directly on the chain will scramble to buy, and the price has been fired from $ 40 to $ 70.

At that time, Christine had just ended a few hours of sailing. She turned on her phone and a series of new news seemed to be squeezed out of the screen. Many retail investors that have not been handled by too much -selling cars, selling houses, selling insurance, cosmetic, and KTV reservations all ran to ask her: Can you help buy $ Trump?

At the same time, she opened the blockchain monitoring system, and the "smart money" in the circle was selling. "This time it really reached the top."

An investor observed that a great change in 2024 was that the entire currency circle no longer talked about ideals. Everyone entered a state of "web3 nihilism", and it has become a Ming card -Bitcoin has become more and more mainstream. Assets, most of which are proved to be foam and air.

"Everyone is here to bet," said the above investors, "Gambling must definitely gamble the hottest, most odds, and the most exciting, and the explosion of $ trump came into being."

**A zero -sum game, 60 winners make money, all lost by ordinary

investors**

SEAN has stepped on the price of the price three times, and then he quickly regretted it, sold losses, and soon regretted it again.

At first, the price he saw was only $ 0.6, and quickly rose to $ 17, tried hundreds of dollars. When checking the next day, the currency price has exceeded $ 30. "It's okay, just miss it." Sean comforted himself. But soon he couldn't help it. After ten minutes, the price of currency rose exceeded $ 40. SEAN went up for a moment, buying the price of almost all funds on his own chain at $ 46.

After buying Sean, he regretted it immediately. On the same day, he had to participate in an event and delivered a speech, but at this time his thoughts had been completely held up by the price fluctuations. So he sold all the price of $ 45 and decided to focus on the next event first.

When he opened the mobile phone again after he participated in the event, $ TRUMP had risen to $ 70, and the annoyed emotions devoured his rationality -70 all in, fell to 55 all sold, rose to 65, then rushed in, and then sold at 60 Light.

Sean lost a total of more than $ 10,000 on the same day. This loss was not much. Most of his assets were not on the chain. Earlier, he mainly took the "airdrop" (free tokens) provided by the project party, and trading on the chain was outside his comfort zone.

What makes him uncomfortable than losing money is that someone made tens of millions of dollars, and he did not. Before entering the currency circle, he was a professional athlete, Aibi, and enjoyed winning.

The night when the transaction $ Trump lost money, the emotional collapse of Sean resumed the operation to ChatGPT, asking how to adjust the mentality, and which books should I read?

ChatGPT suggested that he "accepts losses" and "try to relax his obsession with" making money immediately "and give him a book list. The first book is Robert Toru Kiyosaki's" Daddy and Dad ". "It is suitable for those who want to fundamentally change money from money." ChatGPT recommended.

Sean has long changed his awareness of money. In the spring of 2016, the athlete's SEAN was training in the mountains. There was no mobile phone and computer. I read "Rich Dad and Poor Dad" for the first time. "" ".

In September 2022, Sean retired from athletes and began to take Web3 as its main business. He set up a studio with a few friends to focus on exploring early cryptocurrency projects and earn "airdrops" from it. After the $ TRUMP defeat this time, Sean decided to transfer more energy to the chain.

Sean hesitated to share the story of money loss, because he also operated the community and needed to create a money -making person, but later he felt that the problem was more important than face.

After understanding the experience of more people, he found that there may not be so many people who earn. Except for a few "giant whales", few friends around him were exposed to the sun. And make money, unlike the style of this circle.

The data confirms his guess. According to CHAINALYSIS of the blockchain analysis agency, as of January 21, Eastern Time, less than 23% of people who have held $ Trump have earned more than $ 100 or more. Tens of millions of dollars.

"This is a zero -sum game. The money obtained by the winner is the money that people who have lost more levels." Jack, who is currently working on a head cryptocurrency exchange. In the mature securities market, big companies continue to absorb more funds with the growth of performance, but the coin is only a symbol, mainly short -term arbitrage, and the people who come first are only sold to the later.

After $ Trump, Moonshot, the coin trading platform in cooperation with it, once rushed to the fourth place in the North American App Store download list. Moonshot has only thousands of live users in the past, and the trading fee and number of users on the day of $ Trump are dozens of times the normal state.

The factors such as $ TRUMP were initially created by the project initiative team to create a liquidity pool on the public chain. Investors directly traded with the project party. After issuing a period of time, with a certain degree of attention and transaction volume, it was possible to officially board the official boarding before it was officially entered. Mainstream exchanges such as Binance, Coinbase, OKX.

Investors who found opportunities earlier and directly traded on the chain had the opportunity to win high odds at a very low price. However, at the same time, because of the direct trading with the project party, the risk of withdrawing the capital pool and smashing the disk was also very high.

Most investors can neither monitor information as soon as possible, nor the ability to accurately judge risks. They are just attracted by the word Trump.

An investor who entered the circle only two months shared on the social platform that he bought $ 10,000 at $ 10,000 a day before. Dollar.

Many people who have not done the trading on the chain are surging and rushed to open an account. According to CHAIINALYSIS data, about half of the $ Trump and $ MLANIA holders have never purchased cryptocurrencies on the Solana blockchain on the day of the purchase of tokens. Encrypture wallets; more than 80% of the holders, the total assets on Solana do not exceed $ 1,000, means that most people are not players who participate in the chain trading in depth.

Compared with complex chain transactions, Binance and OKX are the platforms that most people can use. They have the same friendly user interface as mainstream stock trading software, which is easier to operate.

However, for speculative varieties such as almedcoin, many respondents regarded Binance on the spot as a selling opportunity. They saw the outbreak of chasing the rise, and even the relatives and friends of the circle began to inquire about how to buy coins, and they decided to make a profit.

Before $ Trump's mainstream exchanges, at least 100,000 investors bought it through the public chain. After Binance was launched in stock, the price of $ TRUMP rose from more than 40 US dollars to nearly doubled, but quickly fell below 40. As of press time, there were less than $ 27.

A large number of new players are eager to enter the venue. Some people smell business opportunities and earn money for "selling water." Search for keywords in some communities, you can see many posts that provide invitation codes, teach newcomers to download, register and use the exchange app.

Liu Lei, a senior partner of Beijing Yingying Law Institute and director of the digital economy department, told us that Trump's attitude has changed the rules of the game, allowing Wall Street, regulators, and investors to re -evaluate the future of the encrypted industry. But it is too early to conclude.

Standing from the perspective of lawyers, Liu Lei believes that the biggest impact of Trump 's coins on American society is not mainly reflected in the economic level, but how it exacerbates the chaos in politics, finance, and legal. Liu Lei said that Trump's supporters may treat it as a kind of "political belief investment", but if the price of the currency plummeted, it was ordinary investors who were injured in the end.

In less than 48 hours, the wealth transfer of at least billions of dollars has been completed. Just like every speculation, the initiator is always profitable. The platform earns the transaction fee. A few savvy people seize the opportunity. Some of the old users earn hard fees and new commissions through "handle teaching". Most participants in the tide pay for them.