Odaily News Regarding Trump's launch of the Meme coin TRUMP, Dragonfly general partner Rob Hadick said: "If he or his organization does sell a large number of holdings, almost no one in the industry or Washington, DC, will support him except those who profit from it. This will only strengthen the argument that this is a serious violation of ethics and will cause more cryptocurrency partisanship. So for the sake of all of us, I hope he doesn't do it."
Some industry insiders believe that Trump is unlikely to sell his holdings in the short term. "If it is seen as 'manipulating the market', the potential for reputational damage will far outweigh the financial gains," said Boris Revsin, general partner and managing director of Tribe Capital.
In addition to market dynamics, the meme coin could complicate cryptocurrency regulation. Hadick noted that its launch opens up a significant avenue for potential government corruption or foreign influence, or at least creates the appearance of such an effect, making it harder to pass reasonable legislation. He added that it undermines the efforts of entrepreneurs focused on technological innovation by drawing liquidity and attention away from other areas of cryptocurrency.
Still, the launch showcased the power of DeFi. “The fact that this launch is happening on DeFi instead of CeFi is huge and frankly awesome,” Hadick said, noting that it could help attract more users and capital to the blockchain.
Some other venture capital firms believe that opportunities and risks coexist. Ed Roman, co-founder and managing partner of Hack VC, called TRUMP a "double-edged sword." While Meme coins legitimize and promote mainstream adoption, their high FDV will bring "significant risks" if the token collapses. He added that Meme coins are beneficial to cryptocurrencies if investors understand their risks. They "have no fundamental tangible value, so it is more like a casino than a stable asset, and those who do not understand this will inevitably suffer losses." (The Block)