In this edition of The Breakdown newsletter, discussions center around a recent promotional dinner with former President Trump for holders of the TRUMP token. Those who held 4,196 tokens, roughly valued at $60,000, faced a 10% loss if they sold immediately, making the actual cost of the dinner about $6,000, a steep discount compared to the $1 million Super PAC dinners. The newsletter also touches on the recent surge of memecoins, with some increasing in value by as much as 600%, despite a general decline in their popularity. Many of the new Solana-based tokens appear to lack substance, reflecting a possible shift towards supporting more meaningful projects. Questions are raised about the regulation of memecoins, suggesting they may need self-regulation to ensure fairness in market participation. Additionally, the TRUMP token is debated as a hybrid between a memecoin and a utility token, with a market cap reflecting some enduring value. Overall, the segment showcases intriguing intersections of politics, cryptocurrency, and market dynamics.

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