Professor Mende - Bonuz Ecosystem Founder
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šØ Traders Lose MILLIONS during Trumpās Memecoin Hype!
The memecoin mania that erupted with President Donald Trumpās foray into crypto has left a lot of people nursing serious losses. One unlucky trader pulled more than $1 million in Solana off exchanges to chase 13 different meme tokensāand lost $900,000 in a flash, according to Lookonchain. Only one coin netted a tiny $231 profit.
Trumpās own $TRUMP coin exploded to a $9 billion market cap shortly after launching on Jan. 18, but then took a nosediveānow sitting 53% below its peak. First Lady $MELANIA, which briefly soared, is down nearly 80% from its high. Some got out in time to rake in huge gains, but others got burned big-time. One wallet reportedly lost $2.5 million after buying TRUMP at $48 and dumping it at $35.
Critics warn that these high-profile meme tokens lure inexperienced traders who donāt fully grasp the risk. Even lawmakers like Senator Elizabeth Warren and Congressman Gerald Connolly are calling for a probe into how these coins conflict with the presidentās duties. So far, the hype has been a double-edged swordāyes, itās introduced more people to crypto, but itās also left plenty of investors licking their wounds.
Are you one of the lucky winners or did you FOMO into the hype too late? Follow @Professor Mende - Bonuz Ecosystem Founder for more content! #Trump #DonaldTrump #Memecoins #memecoin #TrumpCoin $TRUMP
The memecoin mania that erupted with President Donald Trumpās foray into crypto has left a lot of people nursing serious losses. One unlucky trader pulled more than $1 million in Solana off exchanges to chase 13 different meme tokensāand lost $900,000 in a flash, according to Lookonchain. Only one coin netted a tiny $231 profit.
Trumpās own $TRUMP coin exploded to a $9 billion market cap shortly after launching on Jan. 18, but then took a nosediveānow sitting 53% below its peak. First Lady $MELANIA, which briefly soared, is down nearly 80% from its high. Some got out in time to rake in huge gains, but others got burned big-time. One wallet reportedly lost $2.5 million after buying TRUMP at $48 and dumping it at $35.
Critics warn that these high-profile meme tokens lure inexperienced traders who donāt fully grasp the risk. Even lawmakers like Senator Elizabeth Warren and Congressman Gerald Connolly are calling for a probe into how these coins conflict with the presidentās duties. So far, the hype has been a double-edged swordāyes, itās introduced more people to crypto, but itās also left plenty of investors licking their wounds.
Are you one of the lucky winners or did you FOMO into the hype too late? Follow @Professor Mende - Bonuz Ecosystem Founder for more content! #Trump #DonaldTrump #Memecoins #memecoin #TrumpCoin $TRUMP
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