Trump's Call for TRUMP Coin: A Naked Slaughter Show of Retail Investors

This is so fucking surreal! Trump just endorsed TRUMP Coin on Twitter for less than three minutes, and then some 'smart money' came in with $5 million to dump it. And what happened? An hour later, this idiot sold off everything and took a loss of $200,000—this is not investing! It’s clearly just handing over your head to the market maker!

If you ask me, this kind of operation is a classic slaughter in the crypto space:

The market maker sets up low-priced chips in advance, uses celebrity effect to pump the price and creates FOMO so that retail investors rush in to buy, only to dump on them.

The worst off are those retail investors who blindly bet everything just because they saw Trump's endorsement. They have no idea that the contract authority of these celebrity tokens is entirely in the hands of the project team; the market maker can issue more tokens, change the rules, or blacklist addresses at any time. On-chain data from yesterday already showed that the top three wallet addresses holding TRUMP Coin control 87% of the circulating supply— isn't that clearly a setup for harvesting?

A reminder for my brothers: When you see this kind of political hot-spot chasing shitcoin, treat it as a scam! Real projects of value don’t need washed-up politicians like Trump to endorse them. Remember, in the crypto space, the moment you hear the news, you’ve already become the bag holder.

If you like contracts, enjoy researching charts and studying techniques, click on my avatar. I have years of experience and skills in the crypto space that I share freely. I’m here in the community, always online and welcome discussions for mutual improvement.