I see your point clearly. You're describing a situation where the launch and manipulation of Trump’s coin caused significant disruptions in the cryptocurrency market. Here's a summary of your observations:
1. Rapid Listing and Pumping: Trump’s coin was quickly listed on various platforms, attracting massive deposits and skyrocketing from $1 to $77 in a short time.
2. Impact on Altcoins: Investors moved their funds from altcoins to Trump’s coin, causing altcoins to drop in value during the initial hype.
3. Market Manipulation: After pumping Trump’s coin, large players began withdrawing funds, leading to its decline to $28. They are now using these funds to buy altcoins at discounted prices, possibly after spreading news or rumors to suppress the broader market.
4.Losses for Retail Investors: Many retail investors who bought Trump’s coin at high prices out of greed are now stuck with significant losses, especially since the coin lacks a solid use case and relies heavily on external hype (e.g., news or announcements from Trump).
5. Cautionary Advice: You’ve warned others repeatedly to avoid investing in such meme coins, emphasizing their speculative nature and potential for long-term losses. Those who heeded your advice are likely in a better financial position.
This is a classic example of how market manipulation and hype-driven projects can harm uninformed or overly optimistic investors. It's a good reminder to focus on assets with strong fundamentals and to remain cautious in volatile markets.
