The Wall Street Journal reveals that Trump is launching a new token at the end of the month, is it true?
Earlier this year, the $TRUMP coin that Old Trump issued made a profit for him, and he probably wants to leverage his presidential status to make another profit. This time I feel it should be the same old routine: raising hype 👉 raising funds 👉 consolidating fans. After all, the combination of tariffs and interest rate cuts has already made the market anxious, and he urgently needs a new topic to divert attention, while conveniently painting a picture for his supporters.
However, the market's enthusiasm for memes has cooled down, and the sharp decline of $TRUMP and $MELANIA has already awakened many. If the new token does not bring any innovation, the speculation space is likely to be limited. Additionally, Trump's issuance of coins has raised suspicions of using power for personal gain, which has already attracted criticism from ethics experts and regulatory agencies; the SEC may not remain blind to this forever. Essentially, it is about weaponizing cryptocurrency to serve personal political and economic interests. Furthermore, Wall Street is already furious about his tariff policy; if the new token further disrupts the financial market, it may be collectively dismissed by the big players.
However, Trump launching a new token is mostly an attempt to replicate the traffic miracle of $TRUMP, taking advantage of his presidential status to hype it up quickly and make another profit while stabilizing his fan base. But the crypto community is not foolish, and the market is not a cash machine for anyone; whether this operation can succeed depends on whether retail investors are willing to take the bait this time. Hey Xiaoshuai, are you still going for it this round? Remember to call me.
