$TRUMP

The Trump concept coin has recently gone completely crazy, that meme coin called TRUMP skyrocketed by 800% in a week, directly entering the top 100 by market capitalization. The most magical part is that this thing has no actual use at all, purely relying on Trump mentioning "cryptocurrency is great" at a rally to take off. On-chain data shows that over 60% of the chips are concentrated in 5 whale wallets, which control the price like puppeteers, pulling the market every time Trump tweets.

But what is truly intriguing is the flow of funds behind this. Most of these TRUMP coins are purchased with USDT, and the headquarters of Tether, the company that issues USDT, is located in Trump Tower. Coincidentally, the Trump team suddenly announced they would accept cryptocurrency donations, and the designated exchange service provider just happens to be an exchange related to the TRUMP coin development team. This kind of closed-loop operation is something even the wildest Wall Street scripts wouldn't dare to write.

Now the most dangerous signal is that the liquidity pool of the TRUMP coin is less than 1% of its market capitalization, which means that as soon as a big player sells off, the price could instantly drop to zero. Do you think this is a new asset class born from political fanaticism, or a meticulously designed Ponzi scheme?