Trump Coin $TRUMP a scam?
Spending $150 million on a steak dinner? This is not an ordinary meal; 25 major coin holders each contributed $6 million. On the surface, it was to buy tickets for Trump's dinner, but in reality, it was a gray market transaction bypassing U.S. election laws. The coin holding addresses are their political donation numbers, and blockchain explorers have become the ledgers for lobbying groups.
Earlier this year, riding on the heat of the presidential campaign, the price of TRUMP coin violently surged from $0.18 to $77, attracting 760,000 retail investors. After the holdings ranking was confirmed on May 15, 17 addresses within the top 220 sold tokens worth $38 million in one day, causing the price to plummet to $12, perfectly demonstrating the fact of buying expectations and selling reality.
The hype around Trump's birthday on June 14 is essentially a secondary harvesting window reserved by the market makers. Historical data shows that political concept coins have an average volatility of 85% at critical points, and the project team is highly likely to coordinate the release of tokens to spread false news about fundraising for the campaign.
While you are still calculating how much the victory of Trump could increase prices, Washington lobbying groups have already cashed out $350 million in fees through related wallets, and Middle Eastern sovereign funds have quietly completed political donation transfers using cryptocurrency.
To survive in this power game, you must closely monitor the wallet movements of known whales like Sun Yuchen; each of their transfers is a signal of market turning points.
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