Trump personally in charge! 80% of tokens locked, retail investors become lambs to the slaughter?
I found that the price of $TRUMP is still slightly declining, opening at $9.01 and closing at $8.97, down 0.42%, with little fluctuation, but trading volume has clearly increased during significant price fluctuations, indicating that the market is quite sensitive to the movements of this coin.
From the cryptocurrency market perspective, Bitcoin has recently dropped quite a bit, influenced by geopolitical events such as the US airstrikes in Iran, causing some turbulence in the entire cryptocurrency market. As a meme coin, TRUMP coin is more easily swayed by market sentiment and Trump's personal influence.
Other bloggers have varying opinions on TRUMP coin. Some believe that Trump's coin issuance has opened the precedent for 'political meme coins', and there may be more politicians following suit in the future; others criticize that this coin is too centralized, with 80% of the tokens in Trump's group, calling it a 'textbook fraud'. Domestic bloggers are more cautious, feeling that this coin's popularity mainly relies on Trump's fame, not technology, and has no long-term support.
Personally, I think TRUMP coin is just a toy for speculators, with prices entirely dependent on Trump and meme popularity. It has no technology, no application—just a vapor coin. Although it hasn't dropped much now, the risk is high; it could collapse any day. In the long run, this coin has no real value, just a concept to speculate on. If you want to invest, you need to be extremely careful, lest you get cut like chives.
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