A statement from the 'understanding king' caused the related cryptocurrency (TRUMP) to surge by 70%. The project team mentioned that the top 25 holders can have dinner with the 'understanding king'. However, looking at the K-line chart, there are a lot of trapped positions above, and after the spike, there is significant selling pressure. Moreover, the 'understanding king' is quite unpredictable; you never know when he might pull a stunt, so definitely don't chase after buying this coin.
To put it simply, this coin relies entirely on the celebrity effect for speculation and has no real value. The top ten addresses hold 68% of the coin, and big holders can easily dump it. Historically, the 'understanding king's' crypto-related news has always been short-lived excitement. The price is currently at a cost zone where previous holders were trapped, making it easy to pick up the bag. It’s better to focus on the fundamentals of mainstream coins.