Recently, the cryptocurrency world has staged a magical drama—former US President Trump issued a coin, the President of the Central African Republic issued a coin, Argentine President Milei issued a coin, and I heard the UK Prime Minister will also issue a coin next month? Goodness, now if you don't issue a coin as President, you might feel embarrassed to greet others, right? But the truth is: these presidential coins are deeper than the health product schemes of square dance grandmas!
Today, I will explain in simple terms why celebrity coin issuance = a leek harvesting machine; when the President starts issuing coins, is it a wealth opportunity or a dimensional reduction harvest?
From the TRUMP coin skyrocketing overnight for the Trump couple to Argentine President Milei's issuance of coins cashing out over 100 million dollars, meme coins endorsed by political figures are stirring up a new wave of speculative frenzy.
But data shows: 95% of participants ultimately lose and exit, why do retail investors still rush in like moths to a flame? Behind this "presidential-level scythe" game lies the cruelest survival rule in the cryptocurrency world.
I. Political celebrity meme coins: harvesting under the guise of traffic
During the US election period, Trump's team launched the TRUMP coin, which skyrocketed from $0.018 to over $70 in just 48 hours, then plummeted to $14. Current price is $18.58.
The four steps of harvesting:
① President tweets to promote → ② Leeks buy frantically → ③ The big player secretly sells coins for cash → ④ President deletes the tweet and pretends to be clueless
How do big players make money?
1. Stock up 90% of the coins in advance
2. Selling at high prices after the leeks enter the market
3. Finally drain the fund pool and run away
II. Retail investor dilemma: why do they keep falling into the same trap?
After talking with some losing investors, I distilled three typical mindsets:
1. "Gambling table effect": betting 100 dollars to win 100 times
After all, it's just the price of a hot pot meal, losing it doesn't hurt"
→ Result: Big players specifically target this mentality; if 100 retail investors each lose 100 bucks, the big player can earn 10,000 bucks
2. "Everyone buys, so I buy too"
Seeing everyone in the group flaunting profit screenshots (which are actually all fake)
→ The truth: On-chain data shows that 90% of the coins are in the hands of big players, and retail investors are only buying scraps
3. "Recommended by the President, definitely stable"
Thinking that the President's endorsement = national guarantee (wake up! The coin issuance team might be programmers who stayed overnight at an internet cafe).
A bull market is a meat grinder for ordinary people but an ATM for the awake.
From Dogecoin to presidential coins, history always repeats the same script: attracting traffic with the myth of getting rich, using token mechanisms to complete wealth transfer. When the regulatory sword has not yet fallen, restraint towards hot topics is the greatest responsibility to your wallet. Remember: surviving long in the cryptocurrency world is more important than betting big.