Odaily Planet Daily reports that regarding Trump's launch of the meme coin TRUMP, Dragonfly general partner Rob Hadick stated: "If he or his organization were to sell a large position, almost no one in the industry or Washington, D.C. would support him except for those profiting from it. This would only reinforce the notion that this is a serious ethical violation and provoke further factional disputes in the cryptocurrency community. So for the sake of all of us, I hope he doesn't do it."
Some industry insiders believe that Trump is unlikely to sell his holdings in the short term. "If perceived as 'market manipulation', the potential damage to his reputation would far outweigh any financial gain," said Boris Revsin, general partner and managing director at Tribe Capital.
Aside from market dynamics, this meme coin could complicate cryptocurrency regulation. Hadick pointed out that its launch opens a significant avenue for potential government corruption or foreign influence, or at least creates this phenomenon, making reasonable legislation harder to pass. He added that it undermines the efforts of entrepreneurs focused on technological innovation by attracting liquidity and drawing attention to other areas of cryptocurrency.
Nevertheless, the launch showcases the power of DeFi. "This launch is happening on DeFi rather than CeFi, which is significant and frankly very cool," Hadick said, noting that this could help attract more users and capital onto the blockchain.
Other venture capital firms see both opportunities and risks. Ed Roman, co-founder and managing partner of Hack VC, described TRUMP as a "double-edged sword." While the meme coin legitimizes and promotes mainstream adoption, if the token crashes, its high FDV presents "significant risks." He added that if investors understand the risks, meme coins can be beneficial for cryptocurrency. They "have no fundamental tangible value, so it's more like a casino than a stable asset; those who do not understand this will inevitably suffer losses." (The Block)

Odaily Planet Daily reported that regarding Trump's launch of the meme coin TRUMP, Dragonfly general partner Rob Hadick stated, "If he or his organization were to sell off a large position, there would be almost no support from industry insiders or those in Washington, D.C., except for those who would profit from it. This would only reinforce the notion that this is a serious ethical violation and would provoke further partisan disputes in cryptocurrency. So, for the sake of all of us, I hope he doesn't do it."  

Some industry professionals believe that Trump is unlikely to sell his holdings in the short term. "If it is seen as 'manipulating the market,' then the potential damage to his reputation would far exceed any financial gain," said Boris Revsin, general partner and managing director at Tribe Capital.  

Aside from market dynamics, this meme coin could complicate cryptocurrency regulation. Hadick pointed out that its launch opens a significant avenue for potential government corruption or foreign influence, or at least creates a phenomenon that makes reasonable legislation harder to pass. He added that it undermines the efforts of entrepreneurs focused on technological innovation by attracting liquidity and attention to other areas of cryptocurrency.  

Nevertheless, this release showcases the power of DeFi. "This release happened on DeFi rather than CeFi, which is significant and frankly very cool," Hadick said, noting that it could help attract more users and capital on-chain.  

Other venture capital firms see both opportunities and risks. Ed Roman, co-founder and managing partner at Hack VC, described TRUMP as a "double-edged sword." While meme coins legitimize and drive mainstream adoption, if the token collapses, its high fully diluted valuation (FDV) would pose "significant risks." He added that if investors understand the risks, meme coins can be beneficial for cryptocurrency. They "lack fundamental tangible value, so they are more like a casino than a stable asset, and those who do not understand this will inevitably suffer losses." (The Block)

Dragonfly Partner: TRUMP launched through DeFi channels, which can help attract more users and capital on-chain.