Looking back at TRUMP calmly: 31 hours, nearly $80 billion in Market Cap, is it freedom or disorder?

How long does it take for a Market Cap from 0 to 80 billion? U.S. President Donald Trump, who will take office this week, has the answer: 31 hours. It has to be admitted that Trump's team has created a record that has never been seen before in the Web3 field, and it may be difficult to come later. But this record may do nothing other than prove Trump's unprofitable businessman nature. This article is from Babywhale, an article written by Techub News, collated, compiled and written by Techflow. (Synopsis: Trump meme coin to cause U.S. constitutional crisis? Forbes: $TRUMP Fear of Being Treated by the SEC as an Encryption Securities) (Background added: Be Played for Suckers legally? Trump meme coin $TRUMP built-in "class action waiver clause") The story of these three days I believe everyone has already understood, Trump released the issuance "official Trump Meme" tweet on X, and began to rise in a "may be X stolen" question, but with the tweet has not been deleted for a long time, and Trump's second son Eric's tweet confirmation. The market ultimately determined that the Meme token, called TRUMP, was indeed owned by the Trump family. The subsequent plot development may have upended the expectations of everyone, including everyone inside and outside the Web3 industry, a total of 1 billion, only 20% of TRUMP was released, and the price began to soar. According to GMGN, the token price rose from $0.18 at 10:00 on Saturday to a high of around $80 set around 17:00 yesterday. An impossible task was accomplished over the weekend. The birth of TRMUP made many investors profitable over the weekend, and major exchanges, including CoinAn, also launched TRUMP's Spot trading last night, which may be one of the important driving forces to push its price to at least a stage high. From the perspective of making money, the US presidential issuance Meme is undoubtedly a recognition and support for Meme itself and even Web3, and it also pays off on-chain Meme players who stay in front of the computer every day. In fact, TRUMP's issuance has clearly done a lot of work in advance, and projects or jobs such as Meteora and Moonshot have helped to a greater or lesser extent. Moonshot also said it gained 400,000 new users in two days, and its app once dominated the Apple Store. But from another angle, most viewers inside and outside the industry gave negative reviews: The Bitcoin Magazine article was a very direct criticism, saying that "this is nothing more than a self-profiting eyewash with high dumping, which is an unethical act, and the investors ('fans' who participated) are stupid." The author of the article said that he believes that Trump will not allow BTC to compete with the US dollar, which is precisely the original meaning of BTC, and suggests that Trump should not focus on treating Web3 as a "casino" if he really supports Web3. SkyBridge's founders argued that Trump's actions were not good for the industry and supported calling them "corrupt practices." Even a doctor with 1.5 million followers on Youtube came forward and said: "The corruption of another president does not mean you can do the same". Technology should be free, but not disorderly Musk once joked on a show, saying that the Animal Protection Society approached him and asked SpaceX to assess the impact that rocket wreckage might have on Whales, sharks and other people who fell into the sea. Even in order to refute the animal protection society's belief that the noise of rocket launches affects seals, they specially caught a seal and put headphones on it to listen to the noise to prove that it did not actually have an impact. Silicon Valley tech giants have a long history of whispering about over-regulation, which may be the main reason why Musk decided to set up a government efficiency department, "D.O.G.E." The technology giants in the United States have always advocated relaxing the regulation of technology to improve the ability to innovate, which is understandable, but weak regulation does not mean that there are no rules, otherwise "freedom" will become "disorderly". In the author's understanding of the lack of improvement in this round of AltCoin, there is a very important point that the US regulator has never clarified what the token of these projects issuance. If it is a security in a sense, such as representing the equity of the project, what is the equity of the project operating company? If there is no way to define the actual meaning of these tokens, it is difficult for large funds to be willing to invest based on the value of the project itself. On the other hand, should the number of tokens held by the project party be announced regularly? Should the foundation's financial status be disclosed like an earnings report? Should the project party publicize the sale of the tokens it holds? Should possible market manipulation by exchanges, market makers, and even some so-called Large Investors be regulated? These are some very basic problems, but now it seems unknown whether they also find this an unsolvable problem or are unwilling to solve it, after all, a market that has no regulation other than pure fraud is the best tool for capital plunder, just like the early financial markets. In the current market, the actual definition of AltCoin is not clear, and the price is completely unlinked to the value of the project itself, since it is all like this, there is nothing wrong with choosing to go to on-chain PvP as a retail investor. There is nothing wrong with Trump's coin behavior, if you can set an example, clarify many things that are currently ambiguous in the coin circle, or make everything transparent, then it is understandable to issue coins, after all, the United States does not have that law prohibiting the act of issuing coins itself. But the problem is that this seemingly "casual" Meme Tokenissuance behavior seems to tell everyone: you can all give coins at will. You don't need any rules, you don't need any transparency, you can simply talk about your plans, and you can even state in your disclaimer that you can't file a class action. In this way, there does not seem to be any problem with the use of IP to issue coins and then Rug, and there is no law prohibiting the sale of tokenissuance's own tokens. It is worth noting that this is what the previous SEC considered illegal, such as misleading investors, etc., but was broken by Trump's "leading by example" behavior. Of course, it's too early to say anything about the next four years with just one meme token, and Web3 really shouldn't be limited by too much regulation, but it should also define some basic concepts to lay the groundwork for more money to invest based on the value of the project itself. Meme is one of the cultures unique to Web3, but it's not the whole or even the most important part of Web3. SEC Chairman Gary Gensler is officially leaving, and encryption's friendly acting chairman Mark Uyeda is taking the first step? Trump created the most crazy meme in history, coin$TRUMP, who could be the next celebrity? Trump Fa Coin was reported by Taiwanese for "violating the Money Laundering Prevention Act", PTTencryption moderator: The financial management committee is not quick to catch it "Calmly look back at TRUMP: 31 hours of nearly $80 billion Market Cap, is it free or disorderly? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".