Krypto_ Alchemy
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Trump Launches Coins: Millions Earned by Traders, But Who Earns Billions?
Donald Trump and his family have turned the crypto market into their personal playground by launching memecoin after memecoin. The recent launches of TRUMP and MELANIA tokens have sparked fierce debates across crypto social media, with opinions ranging from "this is going to end badly" to "Trump is big for crypto."
Since January 17, the Trump family has hosted events and launched their memecoins, causing market frenzy. While some investors have made fortunes, the real question is whether Trump has the industry's best interests at heart. The answer seems clear: it's all about business.
Memecoins are notoriously reliant on social media hype and volatile value swings, with no real utility. The $TRUMP token's market cap soared to $15 billion within 24 hours, and $MELANIA token reached $5 billion shortly after. However, over 80% of these tokens are held by the development team, raising red flags.
The timing of these launches, just hours before Trump's inauguration, screams predatory behavior. Trump is set to assume office as the 47th President of the US, and by launching these memecoins, he has already pocketed significant profits.
The Trump family's growing crypto interests reinforce stereotypes about their business-first mentality, often at the expense of the crypto industry. Critics, including Anthony Scaramucci, have denounced these launches as harmful to the industry's credibility.
In the end, the crypto sector must strike a balance between hype-driven memecoins and projects with real utility. Otherwise, we will continue to see court cases about huge losses from "pump-and-dump" schemes. Retail investors should be cautious, as the real winners in this game are often the influential figures who create these tokens.
#TrumpNFT
Donald Trump and his family have turned the crypto market into their personal playground by launching memecoin after memecoin. The recent launches of TRUMP and MELANIA tokens have sparked fierce debates across crypto social media, with opinions ranging from "this is going to end badly" to "Trump is big for crypto."
Since January 17, the Trump family has hosted events and launched their memecoins, causing market frenzy. While some investors have made fortunes, the real question is whether Trump has the industry's best interests at heart. The answer seems clear: it's all about business.
Memecoins are notoriously reliant on social media hype and volatile value swings, with no real utility. The $TRUMP token's market cap soared to $15 billion within 24 hours, and $MELANIA token reached $5 billion shortly after. However, over 80% of these tokens are held by the development team, raising red flags.
The timing of these launches, just hours before Trump's inauguration, screams predatory behavior. Trump is set to assume office as the 47th President of the US, and by launching these memecoins, he has already pocketed significant profits.
The Trump family's growing crypto interests reinforce stereotypes about their business-first mentality, often at the expense of the crypto industry. Critics, including Anthony Scaramucci, have denounced these launches as harmful to the industry's credibility.
In the end, the crypto sector must strike a balance between hype-driven memecoins and projects with real utility. Otherwise, we will continue to see court cases about huge losses from "pump-and-dump" schemes. Retail investors should be cautious, as the real winners in this game are often the influential figures who create these tokens.
#TrumpNFT
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