Everything you want to know about Trump Coin ๐ฏ
What are the risks and criticisms?
1. Moral and legal pressures
โข There are severe criticisms regarding Trumpโs exploitation of the currency to gain money and influence, especially after inviting shareholders to the "Meme Coin Dinner," raising suspicions of a conflict of interest.
โข It is noted that the currency has generated fees in the hundreds of millions of dollars for entities linked to Trump, despite the losses of most small investors.
2. Huge volatility
โข From a skyrocketing rise to a significant collapse within days, prices remain extremely volatileโindicating a high risk for any investor.
3. Future regulatory risks
โข Although the SEC classifies meme coins as not being securities, the CFTC monitors them cautiously as commodities, and stricter oversight may be imposed if their use for political purposes or foreign influence continues.
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๐งญ Why do some people follow this currency?
โข For Trump supporters, it represents a symbolic means to support his political agenda.
โข It is used as a tool for access and a "private dinner" with Trump, giving it a social and electoral dimension.
โข Even with the major collapse, the trading and investment volume suggests it has a dedicated support base and unique appeal.
