A few months ago, the crypto sorcerer Yang Ge predicted that $Trump would be the last coin that relies on hype to pump (too many have cut the leeks, and the boastful crypto projects are struggling to survive...).
The reason is that Trump, as the President of the United States, has come out to express the idea of cutting the leeks, and there are no bigger names to call out for support, so everyone will eventually have to demystify the big figures~
By the way, the price of the $Trump token has already fallen below the price before the dinner announcement~
As expected, early this morning, Musk performed a series of attention/name change/avatar change to pump the $Gork token; apart from personally spending money to pump, he did almost everything.
However, the coin price only slightly rises as a sign of respect, and then continues to crash.
This makes Musk's performance look like that of a clown~
Recently, there are indeed quite a few coins that need Musk's support; besides the long-supported Dogecoin, the previous meme coins have also languished after breaking a hundred million~
This has left the long-term followers of Musk shocked; many who jumped in a few days ago, the best they've done is double their money, while most still exited during the downturn.
There are also reports from those who have met Musk that his Twitter is maintained by a dedicated team.
It is said that Musk has been having a rough time recently, and his business is also quite disappointing; I wonder if he took this business deal to earn some pocket money to date:
A chat record shows that a user named Sandly said at 1:47 that Musk would change his avatar.
After the name change, the market makers sold a large batch of coins, and the leeks that took over had no further developments...
Now Musk is calling for a name change again, and it's so difficult, which only shows that our crypto community is starting to learn from experience~
This is likely a landmark event in the second half of the crypto market; relying solely on calls is getting difficult~
In the future, if you want the coin price to rise, either the market makers need to spend money to pump, or the business data must be solid.
Thinking about it, this development trend is quite good!