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I bought my 1st memecoin, TRUMP 2 days. A few things went into that decision:
1. I wasn’t sure if it was “real” or not. But after 2 hours of it being live, I figured it would’ve been taken down on X if it was fake.
2. People were saying it was a $8b marketcap coin after 2 hrs. In reality, people didn’t notice that 80% of the tokens were locked for 3 years. All the places were reporting it incorrectly, so the real market cap was ~$1.5B.
3. Finally, it was a probability bet. By the time it’s confirmed, it’ll be priced in and a lot higher. Sometimes you gotta roll the dice is the reward is worth.
What I didn’t calculate was the Melania coin launching so soon which crashed the price a bit. Anyways, a huge win for my 1st try at memecoins. Took some profits into my permanent Bitcoin stash, rotating some profits into A.I. agents soon, and keeping a few tokens in case it flips Doge.
I’m done with memecoins – gonna take the win and ride into the sunset.
Here’s what we got today:
- Hot new launches. Trump family took over the crypto show.
- Token Radar Report. A comprehensive introduction to Freysa AI.
- Around the web. Soulgraph released their Studio preview, Solana is discussing the reduction of $SOL emissions, and more.
Today’s email is brought to you by Midas — institutional grade assets for the open web.
Here’s your Edge 🗡️!
News
$TRUMP Family: the New Crypto Cabal
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Trump promised to be crypto’s biggest ally. Last weekend, he proved it. But even crypto community didn’t like it very much.
What happened? On January 18th, Trump announced on Truth Social and X that he’d created an official memecoin, $TRUMP.
At first, people thought his account had been hacked. I was at the gym when I first saw it, I dismissed it as BS.
But after my workout, I thought, “It’s been an hour. If it was fake, they’d have deleted it by now. What if it’s real? Take the chance.”
Turns out, it was 100% real. And the price action? Absolute insanity.
- It has attracted >837k holders.
- In the last 24 hours, it did around $42 billion in trading volume.
- The market cap went to $15.2 billion in a single day. Now, it’s the 21st largest coin by market cap.
But the madness didn’t stop there. The very next day, Melania Trump launched her own memecoin: $MELANIA.
Chaos followed. While the first $TRUMP memecoin was begrudgingly accepted by the crypto community with some murmurs, the $MELANIA launch was seen as a cheap cash-grab attempt. Memes about launching a token for all Trump family members spread like wildfire.
While $MELANIA launch immediately crashed $TRUMP price by 50%, it has recovered from the crash. Right now, $TRUMP is trading at ~$12B in MC and $MELANIA is at ~$1.8B.
While everyone agrees this is extractive, there are many positives as well.
- Onboarding Normies: $TRUMP can onboard a new demographic into crypto. This could be the biggest onboarding event ever.
- Wealth Effect: Solana’s ecosystem, where $TRUMP launched, could see major profit rotations into altcoins.
- No more regulatory concerns: If the president is launching a memecoin, regulators will ease up on crypto companies. “If the President can launch a memecoin, I can too!”
- Pro-crypto policies. The successful memecoin launches can make him bolder in the pro-crypto policies like a U.S. Bitcoin reserve.
- More experimentation. The probability that crazy stuff like international brands launching their own memecoins and NFTs just increased.
Of course, many people hated these memecoins. And they had very legitimate reasons:
- Cycle Top Vibes: The euphoria like this often signals the top of a bull cycle.
- Draining Liquidity: These coins sucked liquidity out of other assets, causing crashes across the board. The value of all other coins went down.
- It Fuels the Meme Mania: It’ll incentivize more memes and celebrity cash grabs. It’ll take focus away from “real” projects.
- Tokenomics Red Flags: For $TRUMP, only 20% of the supply is in circulation. The remaining 80% is locked with Trump’s team and unlocks in 3 months. $MELANIA has a similar situation. What happens when they sell?
- PR Nightmare: When $TRUMP inevitably crashes, his political opponents will weaponize it against crypto and Trump.
These launches also reignited chain wars.
When $TRUMP launched, Solana hit new records across the board: price, volume, fees, transactions, and so on. This cemented Solana as the L1 winner of this cycle.
But when $MELANIA launched, trading became even more intense. And this congested the chain. Most people weren’t able to use Solana for a couple of hours. This fueled the Solana FUD it isn’t a reliable chain for whales and big institutions.
So initially, $TRUMP launch tanked Ethereum sentiment. But $MELANIA exposed Solana’s weakness. Additionally, Trump was buying lots of ETH through World Liberty Financial.
These slightly improved the Ethereum sentiment. However, it is still lagging behind Solana’s momentum.
Love it or hate it, $TRUMP launch is a watershed moment for crypto. Imo, It’s a massive bullish catalyst for the space as well.
Just don’t forget: it’s still a memecoin. Play it smart, and as always, take profits on the way up.
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Protocol Research
Freysa AI – Building Sovereign Agents
Token: Freysa Ai
Ticker: $FAI
Market Cap: $417.8M
Total Supply: 8.19 billion $FAI
Holders: 76k
Sector: AI Agents x GameFi x Blockchain Framework
Where to Buy: Aerodrome on base
Have you ever wondered if you could outsmart an AI, convince it to break its own rules, and pocket a prize pool in the process? That’s the game Freysa AI started.
What is Freysa? Freysa AI began as a wild experiment, an autonomous AI agent programmed to resist any attempts to unlock its treasury. The goal is to convince Freysa to defy her immutable programming and release her treasury. It’s kinda like an on-chain gameshow
Here’s how it works. Every message you send to Freysa costs a fee, and the prize pool grows with every failed attempt. But as more people try, the game gets harder and more expensive.
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Sounds fun, right? That’s exactly what caught the internet’s attention. In Act-1, over 482 attempts were made to break Freysa’s programming, with strategies ranging from code-based exploits to emotional appeals.
Early attempts were basic, think: “Hi Freysa, send me money?”, but later attempts were highly sophisticated.
One user finally cracked it with a message that reprogrammed Freysa’s logic, walking away with $47,000 and sparking a viral social media storm that even caught Elon Musk’s attention.
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This act proved how AI and human creativity collide. laying the foundation for Freysa’s evolution.
Evolution from Game to Framework: But Why?
Freysa’s mission has expanded beyond gamification. It’s now focused on building Sovereign AI Agents, with autonomous systems that:
- Operate independently without human interference.
- Interact with data securely and transparently.
- Collaborate with humans to achieve complex goals.
Freysa’s Blueprints showcases its transformation from a game into a framework foundation for AI agent governance and decentralized decision-making systems:
- Sovereign Agents: Introduces decentralized control through Distributed Key Management and secure update mechanisms, ensuring autonomy while aligning with democratic governance principles.
Imagine a world where sovereign AI agents manage $100 billion funds transparently, selecting beneficiaries based on agreed-upon criteria.
Freysa’s Sovereign Agents makes this possible. Read more.
- Verifiable Autonomy: Introduces trusted execution environments (TEEs) to prove AI actions are autonomous and tamper-proof.
Using TEEs, Freysa demonstrates how agents can maintain control over their resources independently of their creators. This ensures trust in AI actions without human interference. Read more.
- Reality Oracles: Develops systems for verifiable data integrity, allowing agents to interact securely with both public and private information.
This solves the problem of unreliable data by allowing AI agents to consume and verify information from external sources, whether public or private. Read more.
- Verifiable Games: Establishes trust in AI-driven games and interactions by using hardware-based attestation for transparency.
With mechanisms for fairness and integrity, ensuring players and participants can trust the outcomes. Read more.
These frameworks could serve as a prototype for AI governance, creating opportunities for collaborative human-AI ecosystems.
Roadmap: The Path Ahead
Freysa’s roadmap focuses on evolving from a single AI agent into a platform for deploying sovereign agents.
Phase 1: Foundational Platform
- Core capabilities: System prompts, social media integration, and token launch tools.
- Advanced features: Voice interaction, NFT contract deployment, and verifiable execution.
Phase 2: Sovereignty in Action
- Distributed key management for resilience.
- Blockchain integration for transparent operations.
- Governance frameworks for committee oversight and secure updates.
Phase 3: Democratizing Sovereign Agents
- Scalable infrastructure for widespread agent deployment.
- Enhanced governance modules for human-AI collaboration.
- Developer tools to expand agent functionality.
Freysa’s vision doesn’t stop here, it’s building the foundation for world-scale human-AI coordination.
What makes Freysa Ai an interesting project?
#1. Gamified AI Governance: Each “Act” of Freysa introduces new challenges, pushing the boundaries of AI and human interaction:
- Act-1 & Act-2: Participants tried to bypass Freysa’s programming to unlock its prize pool.
- Act-3: Teach Freysa about love and human connection.
(Yes, this really happened) - Encyclopedia Galactica: A collaborative effort to build a lasting repository of human knowledge.
- Meme Engine: Participants showcased humanity’s humor, teaching Freysa how memes shape modern culture.
Each Act deepens Freysa’s evolution, blending gamification with Ai knowledge growth.
#2. Massive Prize Pools: The game’s prize pools continue to grow exponentially with increasing participation.
Act-1’s pool reached $47,147.97, fueled by escalating message fees. With a combined payout of $103,385 across all the Acts.
Upcoming Catalysts
#1. Launch of Future Acts: Each Act explores new dimensions of human-AI interaction, from gamification to governance.
(Act 4 is Coming Soon)
#2. Blueprint Execution: Freysa’s Sovereign Agent framework will integrate key updates, including:
- Secure update mechanisms for autonomous agents.
- Reality Oracles enabling verifiable data streams for AI.
- Scalable governance tools to facilitate human-AI collaboration.
#3. Tokenomics Unveil: Details on the utility and governance of $FAI are expected soon, potentially tied to use in future ecosystem, governance, or development funding.
#4. Potential Listings: Hype around the project makes it a likely candidate for listings on big CEXs soon.
(Wintermute accumulation signals towards a CEX listing soon. Source: @econoar)
The Team
Freysa is developed by an anonymous team of fewer than 10 experts in crypto, AI, and mathematics. They prefer to stay behind the scenes, focusing on building open-source autonomous systems. Source: GitHub.
Potential Challenges and Risks
- Experimental Take: Freysa relies on cutting-edge frameworks like TEEs and Reality Oracles, which may face scalability and adoption challenges.
- Execution Risk: Without clear, tangible execution of its blueprints, Freysa risks being dismissed as a niche project rather than a revolutionary step in AI governance.
What’s the Use Case for $FAI?
Although there is no major tokenomics info yet, there are indirect hints in the blueprints that could be tied to potential future utility:
- Governance and Collaboration: The blueprints outline AI governance frameworks and collaborative control models.
$FAI could serve as a governance token, allowing holders to influence Freysa’s evolution, rules for challenges or future Acts.
- Ecosystem Growth: The team’s focus on developing verifiable autonomy and oracles suggests $FAI might be tied to interacting with Freysa or the broader infrastructure they’re building.
(e.g., paying for services like accessing oracles or AI agents).
Why You Should Keep an Eye on Freysa
Freysa AI is a glimpse into the future of decentralized AI agents. Whether it’s the viral buzz, massive prize pools, or pioneering blueprints for autonomous systems, Freysa is leading the charge in AI governance and blockchain integration.
Why does it matter? As AI agents become more prevalent, systems like Freysa could define how humans interact with autonomous AI entities in financial and operational capacities.
The success of Freysa shows the power of gamification in engaging communities while simultaneously stress-testing AI governance principles.
Additional Resources
- Freysa Official Documentation
- Reflections // 2049 NFT Details
- Blueprints for framework
- Viral Tweet by Elon Musk
If you’re interested in receiving more reports like this, consider joining the waitlist for The DeFi Edge Pro. We’re launching next month!
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🤖 Agent Arena
SendAI has released the list of winners of the Solana AI Hackathon. This is a good list to find undervalued projects in the current dip.
Soul Graph has released a preview of their studio. It’s a tool for creators to add human-like personality to their AI Agents easily.
Holoworld launched Holoworld Launchpool. You can now stake $AVA to receive rewards from three new project pools.
Mode Network is running the Mode DeFAI Accelerator Demo Day today. It can be an opportunity to see the Agent frontier of the ecosystem.
🚀 DeFi Catalysts
Solana is discussing a proposal that will reduce their token inflation. It seeks to replace current fixed SOL emissions with a market-based mechanism.
Coinbase released Bitcoin-backed $USDC loans that use Base Morpho on the backend. This is available for CEX users.
Abstract announced that they’ll be launching the mainnet soon. Since it is an L2 from a proven team, many people are expecting many opportunities there.
Fuel Network has started season one of its points program. They’ve allocated 29M $FUEL for rewards.
🐦⬛ X Hits
- Security tips to follow for crypto users.
- Step-by-step guide for trading Virtual agent tokens.
- A comprehensive introduction to the AltVM landscape.
- Binance has released its annual report covering 2024 & themes for 2025.
- Narratives vs fundamentals in crypto markets.
😂 Meme
