cryptoNoobx
--
Bearish
I want to share a cautionary tale about my recent experience with the $TRUMP meme coin. Believing it to be a promising investment, I invested my hard-earned money and tuition fees, only to witness its value plummet shortly after.
Launched on January 17, 2025, the $TRUMP coin initially surged, reaching a peak market value of over $14.5 billion. However, this rapid ascent was followed by a steep decline, with the coin losing two-thirds of its value in less than two weeks. Entities behind the coin generated nearly $100 million in trading fees during this period, primarily at the expense of small traders like myself. 
Despite endorsements and promotions, including from President Donald Trump himself, the coin’s value continued to fall. Trump’s attempt to boost interest via his Truth Social account did little to halt the decline. 
The volatility of the cryptocurrency market, exacerbated by external factors such as tariff threats, further contributed to the downturn. Cryptocurrency prices fell sharply following President Trump’s announcement of new tariffs on goods from Canada, Mexico, and China, affecting various coins, including his own meme coin. 
This experience has been a harsh lesson in the unpredictable nature of meme coins and the importance of thorough research before investing. I hope others can learn from my mistake and approach such investments with caution. #trumpcoin #tarrifs #Dip #losses
Launched on January 17, 2025, the $TRUMP coin initially surged, reaching a peak market value of over $14.5 billion. However, this rapid ascent was followed by a steep decline, with the coin losing two-thirds of its value in less than two weeks. Entities behind the coin generated nearly $100 million in trading fees during this period, primarily at the expense of small traders like myself. 
Despite endorsements and promotions, including from President Donald Trump himself, the coin’s value continued to fall. Trump’s attempt to boost interest via his Truth Social account did little to halt the decline. 
The volatility of the cryptocurrency market, exacerbated by external factors such as tariff threats, further contributed to the downturn. Cryptocurrency prices fell sharply following President Trump’s announcement of new tariffs on goods from Canada, Mexico, and China, affecting various coins, including his own meme coin. 
This experience has been a harsh lesson in the unpredictable nature of meme coins and the importance of thorough research before investing. I hope others can learn from my mistake and approach such investments with caution. #trumpcoin #tarrifs #Dip #losses
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
257
0