$TRUMP $TRUMP

The Trump concept coin has gone completely crazy recently; a meme coin called TRUMP surged 800% in a week, and its market value skyrocketed into the top 100. The most magical part is that this thing has no actual use at all; it purely took off because Trump casually mentioned at a rally that "cryptocurrency is great." On-chain data shows that over 60% of the chips are concentrated in 5 giant whale wallets, which control the price like puppeteers, making it rise every time Trump tweets.

But what’s truly intriguing is the flow of funds behind it. Most of these TRUMP coins were purchased with USDT, and the headquarters of the company issuing USDT is right in Trump Tower. Even more coincidentally, the Trump team suddenly announced that they would accept cryptocurrency donations, and the designated exchange service provider happens to be a platform associated with the TRUMP coin development team. This closed-loop operation is something even the wildest Wall Street scripts wouldn't dare to write.

The most dangerous signal now is that the liquidity pool for TRUMP coins is less than 1% of its market value, which means that as soon as a big holder dumps their coins, the price could instantly drop to zero. Do you think this is a new asset class spawned by political fervor, or a carefully designed Ponzi scheme?