Thread by @zGuz

Three days before the inauguration, Trump has launched a memecoin that has since risen more than 10,000%

He did so after inviting the Crypto Industry to a black tie event in DC

Here’s my theory on $TRUMP, which is almost diabolical, but totally something Trump is capable of 🧵

First, the backstory: Trump is coming into office following an intensely anti-crypto administration

Trump’s inner circle has used crypto personally to make millions in short order

He’s launched multiple NFT collections over the last few years using a company called CIC Digital

The crypto industry is desperate for change. Companies donated HEAVILY to the Trump campaign

In fact, the crypto industry do rates more money to campaigns this year than basically any other industry in the US

So, fitting that an invite-only Crypto celebration might come about

But right when this party is raging and attended by everyone in the Trump circle, Trump launches the $TRUMP memecoin

It immediately explodes to $15 billion

From sources there, it sounds like no advance mention was made. No one was told about it

Imagine the mind F—

This ball was the invite of all invites in crypto. To be there would have you feeling like you made it — like you’re in Trump’s inner circle

Only for him to turn around and launch the fastest-ever memecoin to hit $15 B

And you didn’t know about it

Literally Snoop Dogg was there
Trump’s pick for Treasury Secretary
Speaker Johnson
Vivek
Don Jr.

And all these crypto industry execs. Packed in a room to kiss the ring.
And they aren’t even on the inside.

The end result: The biggest power play you’ve ever seen

Trump has now shown the entire crypto world what he can do without them

All while they were together in the most exclusive room — somehow still on the outside

It shows everyone that the only inner circle that matters in crypto now is his inner circle

Think about that.

This is all happening while the Trumps are also building their DeFi project World Liberty

The platform is picking and choosing which cryptos will be winners and losers as we speak, and they can front-run as much as they want and absolutely print cash

I’m not saying Trump just used everyone in crypto by throwing a black tie event in DC while simultaneously launching a memecoin without them, but that’s exactly what he did

This industry is his industry now, whether they are aware of it or not

Frankly, that’s extremely sad

https://twitter.com/zguz/status/1880095169904820480

Crypto is at an existential moment. I understand the desire to make quick money

I understand the excitement of thinking short-term

I understand stand why Trump, a man who has grifted in every way to make money for himself would so easily win the industry

But this ain’t it

We as an industry have worked too hard for too long

We’ve worked too hard to fight the narrative that everything in crypto is a scam

And I say this as someone who bought $TRUMP

But do we want to be the movement we know we can be or do we want to be Hawk Tuah girl?

The choice is ours, but only if we stick together

Divided, we’re likely to be plucked off (because who can resist the President when he calls?

United, we might have a shot.

Our community-owned outlet @coinage_media will be watching 👀

Join now ⬇️

@coinage_media Like and RT this thread so, you know, we don’t sell just short-term think into oblivion 😙

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@coinage_media Alright, if you made it this far in the thread you might as well vote in this poll:

https://twitter.com/zguz/status/1880766997295927664