#TRUMP晚宴 $TRUMP

The concept coin for Trump has recently gone completely insane, the meme coin called TRUMP surged 800% in a week, and its market value shot into the top 100. The most magical part is that this thing has no practical use at all, purely relying on Trump casually 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, and they control the price like puppeteers, pulling strings every time Trump tweets.

But what is truly intriguing is the flow of funds behind the scenes; most of these TRUMP coins were purchased with USDT, and the headquarters of Tether, the issuer of USDT, is right in Trump Tower. Even more coincidentally, the Trump team suddenly announced they would accept cryptocurrency donations, and the designated exchange service provider just happens to be an exchange connected 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.

The most dangerous signal now is that the liquidity pool of TRUMP coins is less than 1% of its market value, which means that as long as a big player dumps it, the price can instantly drop to zero. Do you think this is a new asset class born out of political frenzy, or a meticulously designed Ponzi scheme?