According to recent findings reported by The Guardian, nearly 43% of the 220 attendees at a TRUMP token promotional dinner have suffered complete investment losses, amounting to an estimated $BTC 8.95 million in total.
Among the most affected investors is a user known as 'GAnt', who ranked 4th on the project’s leaderboard but reportedly lost $1.06 million. Another user, 'Meow', who had achieved VIP status within the community, also saw a staggering $BTC
Launched in January, the TRUMP token attracted attention through social media hype and influencer backing. However, many investors who attempted to “buy the dip” only found themselves facing deeper losses as the token continued its downward trend.
This raises important questions for the crypto community:
What led to such drastic declines?
Were there signs of unsustainable tokenomics or market manipulation?
Could further losses be expected?
As interest in "celebrity tokens" grows, investors are urged to conduct thorough research and assess risk carefully before entering similar projects.
Follow us as we explore the mechanics behind this high-profile failure and shed light on the risks behind hype-driven tokens.
#TRUMP #CryptoNewss #Altcoins #RiskManagement
621,000 disappear.