Which Solana projects have taken on the massive traffic generated by Trump's token launch? What makes them the president's top picks?
Written by: Alex Liu, Foresight News
The official meme token TRUMP launched by Trump is one of the most talked-about and wealth-generating events in Web3 recently. Looking back, it is clear that this was not a hasty decision made in 10 minutes using pump.fun, but rather a collaborative action that had been "premeditated" with multiple protocols and related projects on Solana.
Which Solana-related projects were selected in this ecological collaboration? What highlights caught the attention of the presidential team?
Jupiter's official account previously posted on X, "By closely collaborating with the Meteora team, we ensured the perfect launch of TRUMP, which is clearly one of the largest token launches in crypto history. The launch of TRUMP utilized the same LFG tech stack as the JUP launch, including DLMM pools, ILM design, and tight integration with Jupiter."
Jupiter co-founder meow quoted this and stated: "LFG token launch tech stack: meteora, jupiter, moonshot."
Jupiter
Jupiter is the largest DEX aggregator on Solana and the preferred place for on-chain players to trade tokens, serving as the "traffic entrance" for Solana DeFi. By providing "certification endorsement" for the official token at the earliest opportunity, Jupiter reduced the risk of ordinary users purchasing scam tokens and made a strong case for the "legitimacy" of the token early on, allowing on-chain users to "bet confidently."
Jupiter's LFG token launch platform is also one of the largest on-chain token launch platforms, having previously successfully launched tokens like JUP and CLOUD. It is not surprising that the Trump team chose it to launch $TRUMP.
Past projects of the Jupiter LFG token launch platform
Meteora
Meteora is a liquidity protocol, with the same founders as Jupiter (essentially understood as a product or shared team of Jupiter).
The launch of the TRUMP token utilized Meteora's DLMM pool. The DLMM mechanism is complex with many details, and we won't go into specifics, but let's discuss the core reasons it was chosen by the Trump team:
- DLMM supports unilateral liquidity and the ILM mechanism.
ILM stands for Intuitive Launchpool Modeling, which can customize the price curve during the token's market launch, helping to stabilize the distribution process of tokens with high price volatility and maintaining a certain level of control over the token's market behavior.
Additionally, since DLMM supports unilateral liquidity, the Trump team injected 10% of the tokens into the TRUMP / USDC DLMM pool on Meteora, smoothly selling over $500 million worth of tokens to the market within hours and establishing a mainstream liquidity pool for TRUMP / USDC with over $100 million in liquidity on-chain.
- Liquidity pool creators can earn trading fees.
The popularity of the TRUMP token brought massive trading volume and LP fees, with LP fees from the mainstream liquidity pool exceeding $12 million just 5 hours after launch, making it the second-highest LP income among all on-chain protocols, only behind Tether! This figure eventually surpassed $20 million.
Image source: @ai9684xtpa_
Due to the DLMM mechanism, the Trump team was the creator of this mainstream liquidity pool, providing the initial unilateral liquidity and also earning trading fees as the Creator. In fact, the Trump team's LP fee income exceeded $40 million on the day of the token launch.
Moonshot
Moonshot is a meme coin trading platform, known for its large retail user base, simple deposit methods (supporting credit cards, Apple Pay, etc.), and its coin listing effect. After the TRUMP token launch event, it quickly became one of the most popular financial applications in the US App Store, truly serving as a "retail entry channel."
When Trump officially announced the token on the Truth Social platform, many were skeptical, thinking Trump's social account might have been hacked. Moonshot quickly certified the token, injecting confidence into a large number of American retail investors (who would be wealthy now if they had bet big) and bringing in substantial buying pressure.
Moonshot stated that after being recommended as the preferred purchasing method on the TRUMP website, the platform's trading volume reached $400 million within 12 hours, with over 400,000 new users joining the Solana ecosystem through its app.
Moonshot certified TRUMP when it was at $0.43, and TRUMP peaked at $77.
The consecutive certifications by Moonshot and Jupiter alleviated concerns among on-chain and off-chain players, and through their respective positions as traffic entrances in their fields, they brought strong purchasing power to the token.
Wintermute
According to on-chain address monitoring, the market maker for the TRUMP token is Wintermute. Market makers are responsible for maintaining liquidity in token trading pairs and narrowing the bid-ask spread.
Wintermute itself is a market maker for several Solana ecosystem meme coins and is a major market maker for many high-market-cap meme coins, possessing rich experience in meme market making. Its market-making style is relatively proactive, which can be seen from the price fluctuations of TRUMP.
Image source: @ai9684xtpa_
Through a series of strategies under the "presidential selection," the online buzz reached its peak, and the Trump team reaped substantial profits. Have you learned anything from this?
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
