A top-level dinner priced at one million dollars has surprisingly become the most expensive "Huangmen Feast" in cryptocurrency history! The latest data shows that among the 220 investors who participated in this so-called "presidential-level" crypto feast, 95 accounts collectively "circuit broke," evaporating a total of 8.95 million dollars—equivalent to 1,132 dollars disappearing into the digital abyss every minute!
This crypto carnival, which began in January this year, used the Trump-themed coin $TRUMP as bait to attract the world's top players to bet. Among them were some astonishing personal tragedies:
● Crypto whale "GAnt" fell directly from the 4th position on the wealth list into the zero abyss, with a holding of 1.06 million dollars going up in smoke.
● VIP client "Meow"'s investment of 621,000 is now just a cold, hard zero from the exchange.
● An anonymous investor even posted a bill: the champagne caviar at entry now tastes of blood and tears.
How did this crypto feast, touted as the "best time to buy the dip," evolve into a wealth slaughterhouse even worse than a bear market? We exclusively dug out three major deadly traps:
[Deadly Trap 1] Celebrity Effect Labyrinth
The project party's carefully designed "presidential concept," from the gold-red colored logo to the slogan "Make Crypto Great Again," hints at a secret connection with top political figures. But when the regulatory iron fist falls, these meticulously crafted "coincidences" instantly turn into unfulfillable castles in the air.
[Deadly Trap 2] Perfect Timing Slaughterhouse
The project party cleverly chose to launch in the U.S. election year, using political heat to create a false prosperity. Data shows that the project party continuously released good news at high price points but only allowed retail investors to enter after institutional investors quietly withdrew.
[Deadly Trap 3] Meme Coin Death Spiral
Unlike other meme coins, $TRUMP adopts a hybrid model of "burn mechanism + holding competition." This seemingly innovative design actually allows early players to gain rewards through continuous recruitment, ultimately evolving into a typical pyramid scheme.
What is even more chilling is that on-chain data reveals: the project party's wallet made unusually large transfers 72 hours before the price crash. Was this a technical error or a premeditated escape?
Currently, this crypto farce has drawn high attention from the SEC. But the bloody lesson has already been etched:
1. Be wary of all crypto projects tied to real-life celebrities.
2. Recognize the pyramid scheme nature behind "holding rewards."
3. Always keep at least 20% in stablecoins as an escape pod.
4. Anonymous project party = exponentially increased risk of exit scams.
In this smoke-free crypto war, the lessons learned by retail investors with real money are worth every investor's vigilance. Remember: when a certain cryptocurrency starts to talk about feelings without showing the code, your wallet should go into red alert!
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