《Trump and the 'Pump and Dump' Controversy: The Political and Financial Chaos Behind Cryptocurrency》

Recently, former President Trump has found himself embroiled in a cryptocurrency storm. In the face of public skepticism, Trump publicly declared that he knows 'almost nothing' about the cryptocurrency named after him, emphasizing that he only authorized its launch and did not intervene in other aspects, trying to distance himself from the incident.

This cryptocurrency suddenly went live on the eve of Trump's inauguration in January 2025. After its launch, its market value skyrocketed, reaching $13 billion in just a few days. However, the good times didn't last long, as its price began to experience severe fluctuations, leading many to label it a 'political Ponzi scheme.'

According to relevant reports, Trump's related businesses control 80% of the token supply. On-chain data indicates that they have cashed out nearly $100 million through transaction fees and mechanisms. Meanwhile, over 800,000 investors have suffered losses, totaling up to $2 billion.

This incident has caused a strong shock in the political arena. Opponents have accused it of being an act of 'financial extortion of voters,' even calling for a moral and legal investigation into the matter. This event not only exposes the madness and chaos of the cryptocurrency market but also serves as a wake-up call: when political capital colludes with financial greed, ordinary retail investors often become innocent victims.

In the cryptocurrency field, true decentralization should be free from the manipulation of celebrities or politicians. Investors should also enhance their self-protection awareness, take responsibility for their wealth, approach various investments with caution, and avoid falling into similar risks.