The national team needs to buy real money to push up the market, while the US president only needs to host a dinner party to push up the market.
On April 7, the cryptocurrency launched by the Trump family has fallen from its highest point of $77 to $7, with a retracement of an astonishing 90%. The spot traders who are not afraid of holding spot coins once again realized the horror of the cryptocurrency circle. Just when I thought that the 500 coins I bought at the bottom of $10 would have no hope of making back the money and was ready to sell to stop the loss, experience told me that I could wait a little longer. When he is tired of the trade war, he should be able to remember that he had issued a cryptocurrency when he takes a break. By then, there will definitely be an American performance art.
Sure enough, the dark clouds of large-scale unlocking on April 18 were hovering. On April 20, news of the dinner came out. On April 23, the official website of Trump Token officially announced that the most powerful person on earth, the biggest black swan in the capital market, the current US President Trump, will hold a special dinner for the first 220 token holders. The first 25 holders will have VIP treatment, including a royal meeting before the dinner and a tour of the palace the next day. The official website also launched the ranking information. At the same time, the official website said that the unlocked tokens will be locked for another 90 days. This number is familiar, right? The tariffs will also be postponed for 90 days.
Encouraged by the news, many big investors bought coins more happily than I bought vegetables, buying millions of them. A whale codenamed sun quickly climbed to the top with a token holding of 15 million US dollars. The big investors took the initiative to take on the task of pulling up the price, and the price quickly rose by 80% to 16 US dollars.
After the news was announced, a mysterious whale quickly bought 400,000 coins and sold them 30 minutes later, making a net profit of US$730,000.
Some people come to make money, while others just want to have a meal with the president.
For some high net worth individuals, spending hundreds of thousands to have a meal with the president or even have the opportunity to participate in a mysterious meeting is still very tempting. After all, having a meal with the president can be considered a symbol of status.
Although those big investors who spent real money to help the Trump family were invited to the dinner, according to the dinner rules, all expenses, including travel expenses, parking fees, food and beverage fees, and all hotel expenses must be borne by the participants. More importantly, Trump himself did not guarantee to attend. If he did not attend, he would be given a limited edition NFT to offset it.
This promise is really in the spirit of the cryptocurrency circle. Air coins are paired with air promises, and everything is false. After the details of the dinner were disclosed, the price of the token quickly fell back, a typical behavior of pumping up and selling.
This is not the first time that Trump has used a private dinner as a gimmick and used Trump himself for brand marketing. Trump mastered this trick when he launched his first crypto project, the Trump Digital Trading Cards NFT. Now, he is using the same trick again, using VIP dinners and personal brands to promote his meme coin, accurately harvesting the enthusiasm of fans and investors.
Trump currently gives people the impression of being a cryptocurrency advocate, but you have to know that when he was running for election last time, he was not a pro-crypto president. He described it as something that appeared out of thin air and was incredible. Even the pro-crypto behaviors in this campaign seemed to be just for votes and money in retrospect.
As a pure businessman, when he discovered the large ATM of the cryptocurrency circle, he would definitely not abandon it.
Trump, who is known for his performance art and marketing genius, has taken this strategy of combining scarcity with celebrity effect to the extreme.
When his NFT was launched, it quickly ignited market enthusiasm. In 2024, the first batch of about 50,000 NFTs, priced at $99 each, sold out in less than a day. And the rules stipulate that only the first batch of buyers are eligible to attend the dinner event, which can be said to accurately grasp the fans' fomo psychology. According to reports, many people bought $10,000 Trump NFTs just to attend this surreal and stuffy outdoor reception held in the former presidential palace in Florida.
No matter how crazy he played before, he was not the president after all. But now with the blessing of the president's status, the same behavior has been suspected of selling official positions and has been criticized by many congressmen. However, if there are too many lice, they are not afraid of bites, and the old man who is surrounded by accusations does not care about this one more. Compared to caring about him, let's care about what to do with the coins in our hands. $TRUMP
We, the holders of 1,800 coins on the other side of the ocean, are definitely not here to meet the president, but just to sell high and buy low. The date of this dinner is just the beginning of the large-scale unlocking period. If it is the offset of bad news and good news, then 20 yuan is also the short-term and medium-term high point I have seen so far. Combined with the high concentration of chips and the manipulation of the project party to cut leeks, I will short it when it is almost done. On the one hand, it will act according to the technical analysis indicators, and on the other hand, it will ambush in advance according to the foreseeable unlocking and news.
This is the blockchain nomad channel, expand your wbe3 knowledge, wish you all financial freedom as soon as possible, see you next time. #TRUMP