Investing in cryptocurrencies can be thrilling, but my recent experience with the $TRUMP meme coin taught me a harsh reality about the dangers of chasing hype. On January 17, 2025, $TRUMP launched with explosive momentum, quickly skyrocketing to a staggering $14.5 billion market cap. Encouraged by the buzz and hoping for big returns, I poured my hard-earned savings—and even my tuition fees—into the coin.
However, the excitement was short-lived. In less than two weeks, $TRUMP lost two-thirds of its value, leaving me and countless other small traders reeling. The entities behind the coin reportedly raked in $100 million in trading fees, profiting off the frenzy while retail investors like me bore the brunt of the losses.
Even endorsements from President Trump himself and posts on Truth Social couldn't stabilize the plummeting coin. To make matters worse, Trump’s announcement of new tariffs on goods from Canada, Mexico, and China triggered further uncertainty, shaking the broader crypto market.
This painful experience underscored the volatile nature of meme coins and the importance of thorough research before investing. I share my story in hopes that others can learn from my mistakes and approach crypto with caution.
