The Chopping Block: Trump’s Crypto Shake-Up, Solana’s Big Moment, that Changes Everything - Ep. 770

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 22 January 2025

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. In this episode, we dive into one of the wildest weeks in crypto history, unpacking the unprecedented launch of Trump’s memecoin and its explosive $70 billion valuation. We discuss how it broke every record imaginable, the fallout from Melania’s token, and the chaos it unleashed across the Solana network. From the ethics of a sitting president launching a coin to the implications for retail investors and the future of memecoins, we’re covering it all. Plus, we debate whether this marks a new chapter for crypto adoption or a troubling precedent for political grift. Stay tuned for this jam-packed emergency episode! Show highlights 🔹 Trump’s Memecoin Craze: Breaking down the historic launch of $Trump, its unprecedented $70B valuation, and how it shattered every record in crypto history. 🔹 Melania’s Memecoin Fallout: What went wrong with the $Melania token launch? Exploring its disastrous impact on the market and $Trump coin’s rapid crash. 🔹 DeFi’s Ultimate Stress Test: How Solana infrastructure held up against unprecedented volumes, Moonshot’s rise to the top, and why this reshaped the memecoin landscape. 🔹 Retail FOMO vs. Institutional Doubts: Examining retail’s overwhelming rush to $Trump coin and why some insiders remain skeptical of its long-term implications. 🔹 Crypto Meets Politics: The ethics and implications of a sitting president launching a memecoin—and how it could distort the future of crypto regulation and perception. 🔹 The Memecoin Economy Evolves: Could Trump and Melania coins signify the end—or a new era—of memecoins? A debate on the future of speculative tokens. 🔹 Solana’s Big Moment: Why Trump coin positioned Solana as the go-to chain for memecoins, and how it outperformed competitors during this chaos. 🔹 On-Chain Innovation or Grift? Is this a turning point for crypto adoption, or just the latest example of right-wing opportunism? The crew debates the broader implications. 🔹 Adversarial Predictions: What happens when other world leaders witness Trump’s success? The panel speculates on who could be next in the memecoin race. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures ⭐️Tom Schmidt, General Partner at Dragonfly Disclosures Timestamps - 00:00 Intro 02:23 The Crypto Ball 07:11 Trump's Memecoin: $TRUMP 13:21 Market Reactions & Infrastructure Challenges 26:25 Melania Token: $MELANIA 38:52 Solana's User Surge, Start of Ethereum Civil War? 45:12 Speculation: Crypto's Killer Use Case 49:59 Partisan Divide in Crypto 54:22 Trump's Crypto Strategy 01:07:32 Crypto's Social and Political Implications Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We just now had the fucking president of the United States launch a meme coin, and that is going to have a huge trajectory on what this technology represents to people.
0:08.5	No one remembers Leland Stanford for all of his kind of scammy bond issuances that built the railroads in the West.
0:15.1	Everyone remembers him for creating Stanford University.
0:18.5	Sure. But people do remember the antitrust cases against the railroads.
0:22.8	But you never know the side effects, to the Roberts point.
0:25.4	It's like, it's like, I...
0:27.2	Yeah, you never know, but you can try your best to think about it.
0:30.9	That's what our job is.
0:32.3	Not a dividend.
0:33.5	It's a tale of two quond.
0:34.6	Now, your losses are on someone else's balance.
0:37.4	Generally speaking, air drops are kind of pointless anyways.
0:39.9	I'm named the trading firms who are very involved.
0:43.0	D5.Eat is the ultimate pomp.
0:45.1	DFI protocols are the antidote to this problem.
0:48.5	Hello, everybody.
0:49.2	Welcome to the chopping block.
0:50.3	Every couple weeks, the four of us get together and give the industry insider's
0:53.0	perspective on the crypto topics of the day.
0:55.6	The quick and chose first, you got Tom, the Defy Maven and Master of Names.
0:58.9	Hello, everyone.
1:00.6	Next, we got Robert, the Cryptoconassur, and Tsar of Super State.
	...

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