Analysis: The crypto world seems to have become the Trump family's ATM.

Odaily News Although the Trump administration's regulation of Crypto Assets is more inclusive than that of the Biden administration, analysts believe that the crypto world seems to have become the Trump family's cash machine. The issuance process of meme coins is simple, and if market interest surges, their prices can rise sharply from near-zero levels, providing early buyers with the opportunity to make huge profits. Crypto enthusiasts refer to accounts that make large, early purchases taking advantage of this characteristic as "snipers." According to U.S. financial regulations, meme coins are not considered securities, which means that project initiators are not bound by federal disclosure and insider trading rules designed to protect retail investors. According to statistics, 24 potential "insider" accounts purchased 16.7 million of the 200 million $MELANIA tokens scheduled for sale during the issuance period. Following Trump's announcement that major holders would be eligible to attend a White House dinner, the price of $TRUMP coins skyrocketed, making the 800 million $TRUMP coins still held by the project organizers nominally worth 9 billion dollars. Foreign media previously tracked transactions involving $TRUMP, showing that its issuer profited at least 350 million dollars, which includes both token sales revenue and market-making fees. A 28-year-old crypto entrepreneur from Texas, Hayden Davis, stated that he participated in the issuance of $MELANIA and also took part in the issuance of the $LIBRA meme coin, which received a brief endorsement from Argentine President Milei in February, later evolving into a scandal in the crypto world due to its price surge and crash. (Jinshi)