That plan essentially established “a structured exit strategy” for insiders who can sit on their holdings, cash in when Trump promotes events, and then sell off their tokens once Trump’s term ends, he suggested. That potentially leaves “underwater retail holders” stuck with depreciating assets, Krause said, and no more future dinners with the president to potentially spike the price and bail them out.
Concerned about the apparent lack of investor protection, Krause has recommended additional research into on-chain wallet activity to “determine whether insider selling accompanies promotional announcement.”
In his analysis, he noted that there’s also no roadmap for the Trump cryptocurrency. That isn’t unusual for a memecoin, but the token’s lack of utility and “heavy reliance on financial incentives” like promotional events “rather than tangible product development” is noteworthy, he said.
In lieu of a roadmap, GetTrumpMemes posted an update on X claiming that “$TRUMP is entering its next phase of development, focused on liquidity depth, additional utilities, and disciplined long-term value creation.”
The post proposed “three coordinated initiatives to improve market quality and strengthen the ecosystem” that were “being implemented.” Those efforts include offering rewards for participating in “Kamino vaults” that allow an algorithm to optimize trading fees, as well as a plan to unlock more tokens to pursue more “growth initiatives.”
Krause told Ars that “the plans represent an attempt to pivot from pure speculation to a yield-driven ecosystem.” They include “a ‘Yield and Liquidity Plan’ by which holders can earn $TRUMP and stablecoin rewards through the Kamino treasury, alongside institutional-grade market structure optimization and strategic inventory management.”
It’s the sort of plan that sounds good in an X post, Krause suggested. “However, independent analysts caution that despite these efforts, the token’s price reality remains bearish, with the recent event-driven rally still down roughly 99 percent from its peak, and any long-term reversal would require the token to decouple from political news cycles and develop real utility beyond speculative incentives,” Krause said.