Crypto Sensie
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$TRUMP
The “Official Trump” website lists two entities as owners of a collective 80% of $TRUMP’s supply: CIC Digital LLC, an affiliate of the billionaire’s Trump Organization, and Fight Fight Fight LLC, a recently incorporated business whose ownership is unclear – without naming the split between CIC Digital and Fight Fight Fight.
Even if Trump did control that full stake, reports attributing as much as a $58 billion windfall for Trump at the coin’s weekend peak were misguided, as they were based on the skewed metric of the coin’s fully diluted valuation, which multiplies $TRUMP’s price by the number of all coins which may eventually become available–but are not currently circulating.
Essentially, that banks on the 200 million existing $TRUMP tokens retaining its same value as CIC Digital and Fight Fight Fight unlock its 800 million $TRUMP coins over the next three years—no sure bet given how financial assets typically lose value as their supply increases (like stocks of public companies going down when a company issues more shares).
Whales entered the market, booked profits, and manipulated average traders like us.
So there isn't that much possibility of TRUMP to go back to $40 and more.
Note: This is not a financial advice, do your own research.
The “Official Trump” website lists two entities as owners of a collective 80% of $TRUMP’s supply: CIC Digital LLC, an affiliate of the billionaire’s Trump Organization, and Fight Fight Fight LLC, a recently incorporated business whose ownership is unclear – without naming the split between CIC Digital and Fight Fight Fight.
Even if Trump did control that full stake, reports attributing as much as a $58 billion windfall for Trump at the coin’s weekend peak were misguided, as they were based on the skewed metric of the coin’s fully diluted valuation, which multiplies $TRUMP’s price by the number of all coins which may eventually become available–but are not currently circulating.
Essentially, that banks on the 200 million existing $TRUMP tokens retaining its same value as CIC Digital and Fight Fight Fight unlock its 800 million $TRUMP coins over the next three years—no sure bet given how financial assets typically lose value as their supply increases (like stocks of public companies going down when a company issues more shares).
Whales entered the market, booked profits, and manipulated average traders like us.
So there isn't that much possibility of TRUMP to go back to $40 and more.
Note: This is not a financial advice, do your own research.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.