The Solana infrastructure behind Trumpcoin: Who is the executor of the President's launch coin?

Which Solana projects have taken on the Trump coin’s overwhelming traffic? How did they become the President’s rigorous selection?

Author: Alex Liu, Foresight News

Trump’s official Meme token TRUMP is the most topical and financially impactful event in Web3 recently. Looking back at this moment, it is obviously not a ‘spur of the moment’ act completed in 10 minutes using pump.fun, but a ‘premeditated’ collaborative action that has been long planned in advance with multiple protocols and related projects on Solana in secret collaboration.

Which Solana-related projects have been selected in this ecological collaboration? What highlights of them have been favored by the presidential team?

The official Jupiter previously posted on X, ‘Through close cooperation with the Meteora team, we have ensured the perfect launch of TRUMP, which is clearly one of the largest token launches in crypto history. The launch of TRUMP uses the same LFG technology stack as JUP, including DLMM pools, ILM design, and tight integration with Jupiter.’

Meow, co-creator of Jupiter, quoted this text and said, “LFG Token Launch Technology Stack: meteora, jupiter, moonshot”

Jupiter

Jupiter is the largest DEX aggregator on Solana, and it is also the preferred place for on-chain players to trade tokens, arguably the “gateway” to Solana DeFi. By “endorsing” official tokens at the first time, Jupiter reduces the risk of ordinary users buying fraudulent tokens, and makes a strong stand on the “legitimacy” of the token in the early stage, allowing on-chain users to “bet with confidence”.

Jupiter’s **LFG token launch platform is also one of the largest on-chain token launch platforms. It has previously successfully launched tokens such as JUP and CLOUD. It is not surprising that the Trump team chose it to launch $TRUMP this time.

Previous projects of Jupiter LFG token launch platform

Meteora

Meteora is a liquidity protocol with the same founders as Jupiter (which can actually be understood as Jupiter’s product or shared team).

The launch of the TRUMP token uses the Meteora DLMM pool. The DLMM mechanism is complex with many details, and we will not provide a specific explanation. Let’s talk about the core reasons why it was chosen by the Trump team:

• DLMM supports one-sided liquidity and ILM mechanism

ILM, short for Intuitive Launchpool Modeling, can customize the price curve when tokens are listed and issued, which helps stabilize the distribution process of tokens with high price fluctuations and maintain certain control over the token’s market behavior.

At the same time, due to DLMM’s support for unilateral liquidity, the Trump team smoothly sold more than $500 million of tokens to the market within hours by injecting 10% of tokens into Meteora’s TRUMP/USDC DLMM pool, and established a TRUMP/USDC main liquidity pool with over $100 million liquidity on the chain for TRUMP.

• Liquidity pool creators can earn transaction fees

The hot trading volume and LP fees brought by the TRUMP coin have only been online for 5 hours, and the LP fees of the mainstream liquidity pool have exceeded 12 million USD, ranking second only to Tether in LP income among all protocols on the chain! And this number eventually reached over 20 million USD.

Image source: @ai_9684xtpa

Due to the mechanism of DLMM, the Trump team is the creator of the mainstream liquidity pool, providing initial one-sided liquidity, and as the Creator, it can also receive trading fees. In fact, the Trump team’s LP fee income on the day of token launch alone exceeded 40 million USD.

Moonshot

Moonshot is a meme coin trading platform, known for its large number of retail investors, easy deposit (supports credit cards, Apple Pay, etc.), and the listing effect. After the TRUMP coin issuance event, it quickly became one of the most popular financial applications on the App Store in the United States, truly a “retail investor entry channel”.

After Trump announced the launch of the currency on the Truth Social platform, everyone was skeptical and suspected that Trump’s social account might have been hacked. Moonshot quickly verified the token, injecting a shot of confidence into the American investors (who would be rich now if they had gone all in), and bringing in a large number of buyers.

Moonshot, after being recommended as the preferred purchasing method on the TRUMP website, the platform’s trading volume reached 400 million dollars in 12 hours, and more than 400,000 new users joined the Solana ecosystem through its application.

Moonshot certified TRUMP at $0.43, and TRUMP reached a peak of $77.

The successive certifications of Moonshot and Jupiter have dispelled the concerns of on-chain and off-chain players, and brought strong purchasing power to the token through their respective positions as traffic portals in the corresponding fields.

Wintermute

According to the on-chain address monitoring, the market maker for TRUMP coin is Wintermute. Market makers are responsible for maintaining liquidity for token trading pairs and narrowing the bid-ask spread.

Wintermute itself is a market maker for multiple Solana ecosystem meme coins, and it is also the main market maker for many high market value meme coins, with rich experience in meme market making. Its market making style is relatively active, which can be seen from the price performance of TRUMP’s violent rise and fall.

Image source: @ai_9684xtpa

With a set of punches from “President’s Selection,” the Internet is buzzing and the Trump team is making a lot of money. Have you learned it?