hey, it’s Marc. We usually don’t cover news, but this is important.

What happened: Trump, the soon-to-be President of the United States, launched a memecoin on Solana on Friday night. It rose to $30B in market cap within hours and sucked liquidity out of the whole market. Memecoins have had their moment in 2024 – but this time it’s different.

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Even people deep in crypto are completely stunned by what just happened. All of this is crazy from every perspective.

One thing is clear: it couldn't be more bullish for America as a crypto hub.

TRUMP token just signaled to every company, municipality, person & brand that crypto can now be used as a capital formation and customer bootstrapping mechanism.

David Sachs, the former PayPal guy, big Solana holder, and now part of the administration as a crypto advisor, yesterday at the "Crypto Ball" organized by Eric Trump: