The Trump concept coin $TRUMP has recently gone completely crazy, the meme coin called TRUMP has surged 800% in a week, with its market value jumping into the top 100. The most magical part is that this thing has no practical use at all; it purely took off because Trump casually mentioned at a rally that 'cryptocurrency is great.' On-chain data shows that over 60% of the chips are concentrated in 5 giant whale wallets, which control the price like puppeteers, with each of Trump's tweets causing a timely price surge.

But what is truly intriguing is the flow of funds behind it; most of these TRUMP coins were purchased with USDT, and the headquarters of Tether, the issuer of USDT, is located in Trump Tower. Even more coincidentally, the Trump team suddenly announced they would accept cryptocurrency donations, and the designated exchange service provider just happens to be a platform connected to the TRUMP coin development team. This kind of closed-loop operation is something even the wildest Wall Street script wouldn't dare to write.