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TRUMP's $71B Memecoin EXPLOSION: Insider Trading Scandal, 5X Net Worth Jump, and Tax-Free Crypto Dreams

From $0 to Top 15 Crypto in 48 Hours! Inside Trump's Historic Memecoin Launch, Suspicious Pre-Launch Millions, and the Political Bombshell That Could Change Crypto Taxes Forever!

Hey there, PoI readers! 💫

It's your favorite crypto connoisseur and meme-detective, Mochi, back with another serving of absolutely wild Trump-related crypto news! Today's edition is more dramatic than a season finale of your favorite show, featuring insider trading allegations, wealth multiplication, tax reform rumors, and political crystal ball gazing. We're diving deep into the TRUMP token tsunami that's taken over the crypto world faster than you can say "tremendous"! So grab your favorite beverage, settle into your comfiest chair, and let's unpack this rollercoaster of events!

INTEL BRIEF

🟧 Suspicious pre-launch trading activity and potential insider trading allegations surface around Trump's new Solana-based memecoin as it reaches a staggering $42 billion market cap.

🟧 Donald Trump's newly launched Solana-based memecoin skyrockets to become a top 30 cryptocurrency overnight, potentially multiplying his net worth by 5x.

🟧 Trump's memecoin success leads to widespread speculation about potential crypto tax reforms as token reaches $71 billion in value and becomes 15th largest cryptocurrency globally.

🟧 Experts debate the longevity of Trump's anticipated pro-crypto policies beyond his presidency, with their survival potentially hinging on the 2026 midterm elections and 2028 presidential race.

TRUMP Token Whales Made 20M In First Minute As Suspicious Trading Activity Emerges

The newly launched TRUMP memecoin on Solana has exploded onto the scene like a confetti cannon at a billionaire's birthday party, but not everything smells like roses and freedom.

A mysterious wallet, loaded with a cool $1 million just four hours before the token's launch, pulled off what might be the most "convenient" timing since my cat accidentally knocked over my plant right when I was thinking about buying a new one. This wallet went on a shopping spree, turning $5.9 million into a whopping $20 million.

But wait, there's more! The plot thickens like yesterday's oatmeal. A whopping 80% of the supply is locked up with CIC Digital (you know, the folks behind those Trump NFT Trading Cards that had us all raising our eyebrows three years ago). They're saying it's "not an investment but a show of support" - kind of like when I tell myself my gym membership is "just a donation to health."

The token has gone absolutely bonkers, with major players like Coinbase and Binance jumping on the bandwagon. We're talking about a 194% pump in 24 hours, trading at $54.62! Solana's ecosystem is partying like it's 1999, with Raydium DEX hitting record highs and Moonshot bringing in 200,000 new users faster than you can say "to the moon!"

But not everyone's popping the champagne. The Bitcoin community is about as impressed as a vegetarian at a steakhouse. Notable Bitcoiners are calling it everything from a "get-rich-quick scheme" to a "pump-and-dump-as-a-service," with some speculating it's basically a wealth transfer from younger generations to Boomers.

$1M wallet funded pre-launch turned into $20M+ through seemingly perfectly timed trades
TRUMP token listed on Coinbase and Binance, shooting up 194% in 24 hours
Leading Bitcoin figures condemn the token as antithetical to crypto's core principles

Trump Multiplies Net Worth By 5X After Memecoin Joins Top 30 Cryptos Overnight

The OFFICIAL TRUMP token has just pulled off what might be the most dramatic entrance into crypto since Bitcoin crashed that first pizza party. In less than 24 hours, this token went from zero to hero, pumping an eye-watering 490%.

OFFICIAL TRUMP 15-min candle chart. Source: TradingView

Within three measly hours of launch, the token hit an $8 billion market cap faster than you can say "huge." We're talking about trading volumes exceeding $12 billion.

Solana, the blockchain hosting this patriotic party, hit a new all-time high above $270. It's like the whole ecosystem got a shot of pure adrenaline, with SOL/ETH reaching heights that would make a mountain goat dizzy at 0.081!

SOL/ETH 1-week candle chart. Source: TradingView

According to Arkham Intelligence, this memecoin magic might have just turned Trump's $5.6 billion net worth into a whopping $28 billion overnight!

 80% of the tokens are sitting pretty in one wallet, specifically under CIC Digital LLC.

TRUMP token surged 490% in 24 hours, hitting $8B market cap in just 3 hours
SOL hit new ATH above $270, with SOL/ETH ratio reaching 0.081
 Trump's net worth potentially increased by 5x overnight to $28B through memecoin holdings

Trumps 71B Memecoin Success Sparks Major US Crypto Tax Cut Rumors

TRUMP token just flipped more coins than a caffeinated casino dealer! We're talking about a meteoric rise to $71 billion in fully diluted value.

The crypto community is buzzing louder than a beehive at a honey convention about potential tax reforms. Why? Well, when 80% of a president-elect's wealth suddenly becomes crypto, interesting things tend to happen!

Currently, Uncle Sam treats crypto like that weird cousin nobody knows how to categorize at family reunions - as property. You're looking at tax rates between 10% and 37% for short-term gains, and 0% to 20% for long-term hodlers, depending on how thick your wallet is. But with TRUMP token's success, some big names in crypto are betting this might change faster than a chameleon at a rainbow party.

The token pulled off a casual 610% overnight pump (you know, just another day in crypto), trading at $68. It's been so explosive that it's like a black hole for crypto liquidity, sucking in traders faster than a free buffet at a tech conference!

And get this - those tokens aren't going anywhere soon. The majority is locked up tighter than my gym's smoothie bar after hours, with a three-year unlocking schedule that's more secure than my grandmother's secret cookie recipe!

TRUMP token reaches $71B valuation, becoming 15th largest crypto in under 48 hours
Speculation grows about potential crypto tax cuts due to Trump's new crypto wealth
Over 80% of tokens locked in 3-year schedule under Trump-affiliated entities

Trump Has 24 Months To Lock In Crypto Policies Before Midterm Elections

According to Bitcoin Well's CEO Adam O'Brien, the future might depend on our boy JD Vance (current VP-elect and potential 2029 presidential candidate). It's like having your best friend take over your Netflix account - they'll probably keep your watchlist! But if the Democrats sweep in like a cleaning crew after a wild party, those executive orders might vanish faster than my crypto gains in 2022.

Trump giving his keynote address at the Bitcoin 2024 conference in Nashville. Source: Cointelegraph

The clock is ticking louder than a bomb in an action movie. Magic Eden's legal eagle Joe Doll suggests Trump's team has roughly 24 months to cement these pro-crypto policies before the 2026 midterms potentially flip the House faster than a pancake at breakfast rush.

Former House Speaker Paul Ryan (remember him?) popped up at the North American Blockchain Summit like a surprise guest at a birthday party, preaching about bipartisanship like it's the new crypto gospel. He's reminding everyone that the Republicans are hanging onto the House by their fingernails with just four seats.

Current political party breakdown of the United States House of Representatives. Source: US House

But wait! There's a plot twist! Texas Blockchain Council's Lee Bratcher thinks politicians might be too scared to play crypto-critic these days. After the 2024 election results, being anti-crypto could be about as popular as suggesting we bring back dial-up internet!

Trump administration has approximately 24 months to implement lasting crypto policies before potential House flip
JD Vance's potential 2029 presidential run could be key to maintaining Trump's crypto policies
Anti-crypto stance becoming politically risky following 2024 election results

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And that's a wrap on this absolutely bonkers edition, my dear PoI readers! From suspicious pre-launch activities to potential tax reforms, we've covered more plot twists than a mystery novel. Who would've thought we'd be discussing a presidential memecoin that could potentially 5x someone's net worth overnight? The crypto world never ceases to amaze!

P.S. Don't forget to share your thoughts, questions, and favorite crypto puns with us. very voice matters in the PoI community!

🍨📰 Catch you in the next issue! 📰🍨

Intel Drop #174

Disclaimer: The insights we share here at Proof of Intel (PoI) are all about stoking your tech curiosity, not steering your wallet. So, please don't take anything we say as financial advice. For all money matters, consult with a certified professional. -