On the evening of May 22, the current President of the United States, Trump, will host an unprecedented and controversial feast.
Those who obtain tickets to this banquet are the top 200 holders of TRUMP coins, with the top 25 users receiving VIP status.
Earlier this year, to reward his voters and demonstrate his support for the crypto market, Trump announced the MEME coin - TRUMP, just two days before his presidential inauguration, which led to public outcry.
The reason is simple: even crypto enthusiasts who love meme culture are very aware that this is speculative behavior. Meme coins are influenced by emotions, have high volatility, high risk, and no substantial application value.
Trump's frivolous act of issuing a coin is purely a brazen way to amass wealth using his personal fame, which has turned the title of the President of the United States into a joke.
Since the TRUMP coin openly states that it has no practical meaning, why are there still so many whales making large purchases?
First, let’s look at the statistics: currently, the VIP guests at the banquet hold nearly 4.8 million dollars worth of TRUMP coins, equivalent to about 33 million RMB. Using such a large sum as a ticket to the banquet is definitely not the ordinary public, nor is it aimed at gaining profits through investing in TRUMP coins.
What they need is a certificate of entry, a qualification to meet the president, and their identities and the industries they are engaged in are not as simple as we imagine.
But it can be confirmed that through this certificate of entry, there must be a return.
Thus, we often see news saying: a certain whale bought a large amount of TRUMP coins. Don't easily think that whales buying in means they are optimistic.
I mentioned before when TRUMP was just launched that perhaps this is a public fundraising box, legally providing a certificate of entry, naturally seeking opportunities.
So, for retail investors, is it worth investing?
What we need to be clear about first is the purpose of our investment and whether it meets our own standards.
Investing is like finding a partner; it’s not about seeing a male or female and wondering whether to get married, but about having your own standards. What are your standards? What are your needs? What are the values you resonate with?
If you are pursuing true investments and want to invest in valuable and promising high-quality coins that create substantial value, leading to market capitalization and price increases, and thus bringing solid returns, then clearly meme-type coins are not suitable for you.
For coins like TRUMP, you cannot judge them absolutely as 'good' or 'bad.' They inherently use the influence of celebrity effect, so at any time and place, prices can fluctuate due to the mood of the celebrity.
On the other hand, since celebrities are aware of their influence and control, they are more likely to create traps from a human perspective, allowing the public to be exploited.
Just like the entertainment industry’s frequent exploitation of fans, many presidents in American history who have talked extensively about benefiting the lower class ultimately harm the people the most, and the burden falls on the citizens.
Therefore, on TRUMP, I can only say it is dangerous and highly risky; don't think you can get rich overnight just because of the president.
The wisdom of the ancients warns us: haste makes waste. Anyone who goes against the rules and rushes for quick success will ultimately fail to achieve their goals.
Real investment is a lifelong endeavor. As we gradually improve our skills and capabilities, we have enough time to slowly become wealthy.
Slow is fast.
Even if speculative psychology achieves short-term results, ultimately, due to the opportunistic mindset, there will be drastic ups and downs, leading to failure.
$TRUMP #币安HODLer空投NXPC #代币发射平台竞争加剧
