After Trump named BTC, ETH, SOL, XRP, and ADA as potential reserves for crypto assets, related assets surged. The narrative surrounding American blockchain has also been reignited, and attention is turning to who will be the next American cryptocurrency concept coin. This article will summarize the cryptocurrencies that rank highly in the Coingecko Made in USA category, those that participated in the crypto AI monarch David Sacks’ dinner, and the coins purchased by Trump’s DeFi project World Liberty Finance, in order to find commonalities among the three.
(Trump: Promoting cryptocurrency reserves through executive orders, related assets have risen over 75%, naming BTC, ETH, SOL, XRP, and ADA)
30% of the coins invited to the crypto monarch dinner have become targets for asset reserves.
Note: The Coingecko Made in USA category includes numerous cryptocurrencies, but only a selection of those with larger market capitalizations is included. For the crypto monarch dinner, representatives from Bitcoin-related advocacy organizations are denoted as BTC. The red bold letters in the chart represent the cryptocurrencies that have been named by Trump as part of the national asset reserves.
(Who benefits most from Trump’s crypto-friendly stance? Analyzing the guest list from the crypto monarch dinner to identify Made in USA blockchain projects.)
Three sources of intersection: World Liberty, Coingecko, Crypto Monarch
MOVE, ONDO, INJ.
Two sources of intersection:
World Liberty and Coingecko, excluding Crypto Monarch
LINK, SEI.
(Coingecko and Crypto Monarch, excluding World Liberty)
SOL, XRP, SUI.
Unique to World Liberty
ETH, TRX, ENA, AAVE.
Unique to Coingecko
ADA, HBAR, XLM, AVAX, LTC, DOT, NEAR, APT, TRUMP, ALGO, RNDR, FIL, OP, IP, MKR, WLD, STX, THETA.
Unique to Crypto Monarch
UNI, DOGE, PLUME.
From this perspective, currently, 30% of the coins participating in the crypto monarch dinner have been listed as asset reserves. The assets purchased by WLFI account for 20%.
American VCs are particularly focused on Polychain, a16z, and Pantera.
Analyzing from the perspective of investors:
Bitcoin has no investors, while ETH and Cardano have too few institutional investors to be included in the discussion.
Ripple: a16z, Polychain, Standard Chartered Bank, Pantera, etc.
Solana: a16z, Polychain, Multicoin, etc.
It can be observed that the currently named VC coins include institutional financing from Silicon Valley giants a16z and the well-known American venture capital firm Polychain, with the two companies collectively investing in approximately 27 positions. When discussing Polychain, it is noteworthy that LP Alexander Pack has served as a managing partner at Dragonfly and HackVC. Trump’s AI advisor Sriram Krishnan is also a former partner at a16z.
Returning to the three coins common to the above sources, Ondo is primarily backed by Pantera, Coinbase (with investors a16z and Polychain), and also traditional financial giants like Morgan Stanley and BlackRock. Inj is backed by Pantera, Jump Crypto, Hashed, and YZi Labs (former Binance Labs). The standout feature of Movement is undoubtedly the investments from Polychain and closely affiliated entities dao5 and Blizzard Fund.
From the perspective of joint investments by a16z and Polychain, AVAX, Story Protocol, EigenLayer, and others are noteworthy targets.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and their prices can be highly volatile; you may lose your entire principal. Please evaluate the risks carefully.