Trump Coin Market Crash: The 'Presidential Dinner' in the Crypto World, Is it a Glorious Invitation or a Harvest Trap?
Trump is stirring up a storm in the crypto world again — he will host a 'Crypto Dinner' on May 22, limited to the first 220 holders of $TRUMP coins, with the top 25 receiving VIP treatment and a 'White House Tour'.
Once the news broke, the $TRUMP coin surged 58% in 24 hours, with its market value skyrocketing to $2.6 billion. But this 'dinner' is far more than just a meal.
Power + Token = Precise Harvest?
Want to meet the president? First, you need to spend money to buy coins? The top 25 must hold over 10 million coins, a threshold comparable to tax collection.
Some had already positioned themselves accurately before the announcement, making nearly a million in short-term arbitrage, while retail investors find themselves at the bottom of the food chain again.
80% of the tokens are concentrated within the control of the Trump family, and the unlocking time can be adjusted at will, making decentralization a mere facade.
Is 'selling privileges' in the crypto world legal?
Using tokens to discuss power, has it crossed the boundaries of politics and finance? Critics claim this is 'openly monetizing influence', while regulators remain silent, simply because Meme coins are not classified as securities.
Has the market become a game of hot potato?
Despite the short-term surge in coin prices, in the long run, the $TRUMP coin has dropped 90% from its peak, with big whales making a profit while retail investors become collateral damage. A large volume of tokens was just unlocked in April, followed closely by the 'dinner' hype, suspected to be a precise pump and cash-out.
Conclusion: Don’t Let 'Glorious Illusions' Cloud Your Judgment
In this crypto show, the ones who profit are always the early movers and operators, not the retail investors rushing in with passion. Don’t let a 'political dinner' become your last supper in the crypto market.
This is not an opportunity; it’s a selection of who will foot the bill.
