Trump Shouts TRUMP Coin: A Barefaced Slaughter Show of Retail Investors
This thing is so freaking surreal! Trump just endorsed TRUMP Coin on Twitter for less than three minutes, and then a "smart money" investor came in with $5 million to dump on it. What happened next? An hour later, this fool liquidated everything and ran away, losing a hard $200,000 — this is not investing! It’s clearly handing over heads to the market maker!
In my opinion, this kind of operation is a classic slaughtering scheme in the crypto world:
The market maker preemptively lays low-priced chips and uses the celebrity effect to pump the price, creating FOMO to lure retail investors in, only to dump on them.
The most tragic are those retail investors who mindlessly go all in just because they see Trump’s endorsement. They have no idea that the contract rights of these celebrity tokens are entirely in the hands of the project team, and the market maker can increase supply, change rules, or black out addresses at any time. On-chain data from yesterday already showed that the top three wallet addresses holding TRUMP Coin control 87% of the circulation — isn’t that clearly a plan for a harvest?
A reminder to my brothers: When you see these political hype-driven shitcoins, treat them as scams! Truly valuable projects do not need to rely on washed-up politicians like Trump for endorsements. Remember, in the crypto world, the moment you hear the news, you’ve already become a bag holder.
I’ve prepared some coins suitable for bottom fishing as a recovery plan, feeling lost and helpless, follow me!