1. How Wild is Trump's "Coin Scheme"?

First Raise Money, Then Make Promises

The coin Trump is issuing this time is called $TRUMP, with 80% of the tokens held by him and his family company. What does that mean? It's like going to a supermarket to buy something, only to find that 80% of the products on the shelves are "shopping vouchers" printed by the owner himself, who also claims these vouchers can be used as money.

What's even more outrageous is that these tokens have a three-year lock-up period. On the surface, it seems like "long-termism," but in reality, it's just a big promise of "future skyrocketing" for the naive investors. Once they rush in to take over, he will slowly cash out.

Using Political Identity as a "Harvesting Machine"

Last year, as soon as Trump took office, he organized a "Coin Issuing Team" with his whole family: he issued coins, his wife MELANIA issued coins, his son issued coins, and even the campaign slogan was turned into a token. These coins are essentially worthless, with no practical use, but thanks to Trump's celebrity effect, their prices skyrocketed hundreds of times within a few days.

For example, when TRUMP was just launched, it was $0.18 per coin, and within 24 hours it reached a high of $75, with a market value close to $80 billion at one point. This kind of operation is reminiscent of Jia Yueting's "I'll be back next week" scheme.