The Trump Coin, a meme coin launched by Donald Trump, has been making waves in the cryptocurrency market. While it has gained significant attention and investment, there are also concerns about its dark side.
One of the major concerns is the *distribution of TRUMP holdings*. According to data from Phantom Wallet, the top 10 holders currently own 86.47% of the total supply, which raises the possibility of pump-and-dump schemes, price manipulation, and other potential risks.
Another concern is the *selling pressure*. With only 200 million TRUMP coins in circulation out of a max supply of 999.99 million, there's a possibility of significant selling pressure, which could lead to a price decline.
Additionally, a crypto expert has pointed out that *Trump has sold nearly $500 million worth of meme coins*, and his team still controls 85% of the supply. This raises questions about the coin's legitimacy and potential for manipulation.
It's essential to conduct thorough research before investing in the Trump Coin or any other cryptocurrency. The Trump era could propel digital currencies forward, but it could also expose their dark side.
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