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Solana Ecosystem Linkage Behind the TRUMP Token: Who Takes the Huge Traffic?
Foresight News
特邀专栏作者
2025-01-24 07:13
This article is about 1368 words, reading the full article takes about 2 minutes
Who are the executors of the President’s currency issuance? Why are they carefully selected by the President?

Original author: Alex Liu, Foresight News

Trump's launch of the official meme token TRUMP is the most topical and wealth-effecting event in Web3 in recent times. Looking back at it now, it is obviously not a hasty move that was completed in 10 minutes by "sudden impulse" using pump.fun, but a "long-planned" collaborative action that secretly reached cooperation with multiple protocols and related projects on Solana in advance.

Which Solana-related projects were selected in this ecological linkage? What highlights of them won the favor of the President’s team?

Jupiter officials once published an article on X: "By working closely with the Meteora team, we ensured the perfect launch of TRUMP, which is obviously one of the largest token launches in the history of encryption. The launch of TRUMP uses the same LFG technology stack as the launch of JUP, including the DLMM pool, ILM design, and tight Jupiter integration."

Jupiter co-founder 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 tokens at the first time, Jupiter reduces the risk of ordinary users buying fraudulent tokens, and makes a strong stand for the "legitimacy" of the tokens in the early stage, so that users on the chain can "put all their money in 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. It is not surprising that the Trump team chose it to launch $TRUMP.

Past projects on the Jupiter LFG Token Launch Platform

Meteora

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

The launch of the TRUMP token uses Meteora's DLMM pool. The DLMM mechanism is complex and has many details. We will not explain it in detail, but talk about the core reasons why it was chosen by the Trump team:

  • DLMM supports unilateral liquidity and ILM mechanism

ILM stands for Intuitive Launchpool Modeling, which can customize the price curve of tokens when they are launched, help stabilize the distribution process of tokens with high price fluctuations, and maintain a certain control over the market behavior of tokens.

At the same time, because DLMM supports unilateral liquidity, the Trump team injected 10% of the tokens into Meteora’s TRUMP/USDC DLMM pool, and smoothly sold more than $500 million worth of tokens to the market within a few hours, and established a TRUMP/USDC main liquidity pool with a liquidity of over 100 million US dollars on the chain for TRUMP.

  • Liquidity pool creators can earn transaction fees

The popularity of TRUMP coins has brought huge trading volume and LP fees. After only 5 hours of launch, the LP fees of the main liquidity pool exceeded 12 million US dollars. The LP income of a single liquidity pool is second only to Tether among all on-chain protocols! And the figure eventually reached over 20 million US dollars.

Image source: @ai_ 9684 xtpa

Due to the DLMM mechanism, the Trump team is the creator of the main liquidity pool, providing the initial one-sided liquidity, and as a Creator, they can also obtain transaction fees. In fact, the Trump team's LP fee income exceeded US$40 million on the day the token was launched.

Moonshot

Moonshot is a Meme coin trading platform, known for its large number of retail investors, simple deposit (supports credit cards, Apple Pay, etc.), and coin listing effect. After the Trump coin issuance event, it became one of the most popular financial applications in the US App Store, and is a veritable "retail investor entry channel."

After Trump only officially announced the issuance of the coin on the Truth Social platform, everyone was still skeptical and thought that Trump's social account might have been stolen. However, Moonshot authenticated the token at the speed of light, injecting a shot of confidence for the vast number of American leeks (who would be rich now if they all-in), and bringing in a large amount of buying.

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

Moonshot certified TRUMP coin when it was $0.43, and TRUMP rose to as high as $77.

The successive certifications of Moonshot and Jupiter have dispelled the concerns of both on-chain and off-chain players, and through their respective positions as traffic entrances in corresponding fields, they have brought strong purchasing power to the tokens.

Wintermute

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

Wintermute itself is a market maker for multiple Solana ecosystem Meme coins, and is also the main market maker for many high-market-cap Meme coins, with rich Meme market-making experience. Its market-making style is relatively proactive, which can be seen from the price performance of TRUMP's sharp rise and fall.

Image source: @ai_ 9684 xtpa

Through a series of combined punches of "Strict Presidential Election", the Internet has become extremely hot and Trump's team has made a fortune. Have you learned nothing from it?

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