“If you break it down, there are many moving components in the back room that people are not necessarily aware of,” says Anurag Arjun, co -founder of the Cryptographic Infrastructure Startup and Polygon, a cryptocurrency network built to quickly process a vast transaction.
Until the end of 2023, when First inks Memecoin began to show up, she was salted Relative city of ghosts. With barely using the network, the services built at the top had to last on scraps. Remains Very few salt -based applications Built for purposes other than financial speculation. “There are many jokes about the development of salty like chewing glass,” says Tom. “It can be very difficult.”
Memecoins were previously despised as unlike, and therefore potentially harmful to the cryptocurrency industry, because it strives for validity. In particular, the Trump coin was round as a “money grip”. However, the appearance of coins such as Trump may have vital second -order benefits for the cryptographic network more broadly, creating the effect of the flywheel in which the appearance of Memecoin players attracts programmers willing to build other applications for their apply. Theory, when people are equipped with a salted portfolio, are more likely to engage in all kinds of salt-based applications-butter than whether social platforms, games or music services-leading to a lasting raise in network activity.
“Many application teams will attack these new users,” says Arjun. “Memecoin is one example of what can work in this infrastructure.”
Experts say that Prime Minister Trump is also vital for what suggests the US government’s approach to cryptography. The industry has long been complaining about the lack of any clear rules regarding the issue of modern coins in the US; Given that he has the president’s imprimatur, Prime Minister Trump can be interpreted as still consent.
“This will create a kind of judgment that will flow to all different agencies: America includes crypto,” says Demelza Hays, head of digital assets at the Zeltner & Co investment company and the chief economist in the publication of Cointelegraph cryptocurrency. “I think we’ll see [many] Celebrity memeins. “
As in the case of the premiere of Trump, exchanges and other elements of the Solana Memecoin supply chain are mainly gained, not traders.
“Trade in Trump Memecoin is like betting on roulette. The plant for Solan itself is like betting on the entire casino, “says Hays. “When there is a higher volume of rotation, we’ll definitely see [the exchanges] He is doing very well. “
While Raydium probably derives benefits from the potential effect of the flywheel caused by Memecoin Frenzy and the Cryptocurrency embrace by the US, Tom is contrary to Trump.
“Raydium is facilitating the volume. We try to adopt a very agnostic approach to tokens available on the platform, “he says. “And having the most powerful person in the world chooses Solana to launch his Memecoin, regardless of the pretext, is a huge indication of where she is solana now.”
But for the industry, which has long tried to pass by its reputation, Tom claims that immediate sugar created by the premiere of Trump may not be worth the negative attention, which coin attracts all losses suffered by regular investors.
“In half a decade, which I spent on work in this space, I was adamant that I tried to get a narrative from the default: that there are many activities of Grift and Nefara, which happens in the crypto,” says Tom. “I am very aware of this reputation.”
Two days after Trump began to trade, the first lady Melania Trump started her own Memecoin. His critics expressed similar Chorus related to alleged conflicts of interest.
The White House did not answer the request for comment. The request delivered to the e -mail address mentioned on the website for Memecoin was unanswered.
Trump’s premiere day was a thrill, but now Tom felt empty. “I was like this: it’s not as good as yesterday,” he says. “I definitely didn’t buy any Melania.”