In the next article I will present some details that made me wonder if the cryptocurrency launched by Donald J Trump, the president of America is actually a deceit. I want to keep things in an apolitical way and refer exclusively to this cryptocurrency "$ Trump".
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What is $ Trump? Donald J Trump's cryptocurrency
Previously three days of investing the new president of America, Donald J Trump , the cryptocurrency with the name "$ Trump" was launched. This cryptocurrency is a coin meme.
Well, now you will probably wonder what the difference is between a cryptocurrency like Bitcoin and a meme coin. Meme Coins are digital currencies inspired by memes, viral jokes or other cultural phenomena (generally satire). They use ordinary blockchain technologies (in this solar), but unlike Bitcoin or Ethereum, they do not have a serious financial or technological purpose - they are more fun or speculation. In short, they are not good for anything.
Of course, this was not the first meme coin created, the first meme coin was Doge Coin , which was created for the purpose of satirizing Bitcoin, for an almost inexplicable reason, the market capital of this meme Coin exceeded $ 55 billion.
In the official version of those who launched this cryptocurrency, they support the following:
In translation for those who do not speak English: "On 13.07.2024, President Trump was on the verge of death and rose fighting! With the fist in the air and the famous fighting" Fight Fight Fight ", President Trump showed the world of what is made a true leader. His strength and courage lit a move, becoming the most memorable memes of the century.
Now, you can own a piece of history. This Trump Meme celebrates a leader who does not give back, regardless of obstacles. Join the Trump community-we fight for what matters! ”
The event referred to as the release presented above:
In addition to this Meme Coin launched by the US president, a Meme Coin was launched shortly by Melania Trump , which is called $ Melania. The official website is https://melaniameme.com/
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Donald Trump's statements on this cryptocurrency
The US president had the following discussion with a reporter shortly after investing in office:
Reporter: Do you intend to continue to sell a product that only brings you a benefit while you are president? Donald J Trump: I don't know if it benefits me, I don't know what happens to this cryptocurrency. I don't know much about this topic, apart from I launched it. I heard that it is a success, I did not check, what is happening to this cryptocurrency now? Reporter: You made a lot of money sir
Donald J Trump: How much money? Reporter: A few billion dollars only in recent days
Donald J Trump: A few billion dollars? That's a little for these people ..
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What do the news publications about Meme Coin launched by Donald Trump say?
In an article published by Reuters, it is stated that about $ 100 million were generated only from transfer committees in less than two weeks.
Three data analysis companies on cryptocurrency blockchains, including Merkle Science and Chainalysis , have examined the blockchain-a public register showing all transactions with $ Trump-for Reuters. They estimated that, by January 30, 2025, the $ Trump token generated between 86 million and $ 100 million from trading commissions. We recall that Meme Coin was launched on January 17, 2025.
In another article published by "The New York Times" , which has the title "The first investors made fast profits while the other investors suffered losses". This article presents how the first investors in this cryptocurrency made huge profits in a very short time while investors who adhered later at this COIN lost substantial money. Similar to a ponz/pyramidal scheme.
Over 810,000 investors have suffered because of this COIN launched by the President of the United States, instead there are some "lucky" investors who have since launched the good decisions to buy at the right time and especially to sell before the price collapsed.
The above information refers to the tip reached by the cryptocurrency in the first days after launch - 75 USD, following a very short time, few investors will remove the profit selling very large cryptocurrency. The price at the moment is about $ 20.
US president promoted this meme coin on his personal account of x
This promotion campaign joined the election campaign, billionaire Elon Musk , who currently leads the department created by the US president to reduce the USA costs of the USA.
“Join My Very Special Trump Community. Get Your $ Trump Now. ”
This is, in fact, part of the way the entire memecoins industry works. Legal, but mostly irregular. The trading is based on large purchases made early by experienced traders, who artificially increase the price, just to sell their assets. Less experienced investors buy after them, but they often get money. This technique is called "Pump and Dump" which is a fraud, you can read more about what this technique represents on the Wikipedia article dedicated to the subject with a simple click .
At the moment the capitalization at this Meme Coin has reached about $ 3.4 billion (Coingecko source)
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What are the reasons that made me believe that this meme coin is actually a deception
In addition to the arguments presented above by the publications Reuters and The New York Times, in which there is clearly a pump and dump action from which very few have bought large quantities of this meme coin and later after the general public started to buy. I would like to add some reasons:
Donald Trump before this meme coin was launched, had a whole plea about how cryptocurrencies are very good. Thus he created a hysteria among investors in cryptocurrencies that when he is invested as president, the cryptocurrency world will have another girl. Both he and his family members, here refer to his son Barron Trump, have propagated in the public space support for the cryptocurrency industry (I call these events, the preparatory phase in which more and more people have begun to believe that Donald J Trump will lead a digital revolution)
The launch of cryptocurrency was strategically chosen only 3 days before its investment in office to provide a long enough period for cryptocurrency to accumulate sufficient purchasing power.
Donald Trump has not made a statement that supports the fact that in reality this cryptocurrency has no real value, that it cannot be used but only subtle remarks that, on the contrary, have encouraged even more buyers. The President of America to be put into operation launches a cryptocurrency, it is clear that a hype will be created, right? Following the increase in the price, he said that the money invested in this cryptocurrency is "small".
At the same time the official website of cryptocurrency is imbued with messages such as:
This message translates: "Trump memes are designed to function as an expression of support and involvement towards the ideals and beliefs embodied by the" $ Trump "symbol and the art associated and are not intended to represent or be the subject of an investment opportunity, an investment contract or a type of securities. Gettrumpmemes.com is not a political site and has no connection with any political campaign, political function or government agency.
See the terms and conditions here, see the assignment of cards here. ” It seems that he has taken all his safety measures before he obsessively display this message, making sure that if someone gets to lose large amounts of money, he can say quietly that he has done his duty and warned everyone that he is only a work of art. Another reason that made me ask me.
The address on which 80% of the total Meme Coin units are.
Coincidence or not, the same holder has substantial amounts of meme coins from:
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Official Barron Trump
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Official Lara Trump
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Official Stargate
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Official Kate Trump
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Official JDVANCE
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Official dog
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Official Tiffany Trump
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Official Ivana Trump
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Official Ross Ulbrich
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Official Eric Trump
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Official Musk
ConCluSIonS
Although it seems difficult to imagine for an American president, for the head of state of the greatest global power, the Meme Coin launched by him is a masked trick. My personal opinion is that Donald J Trump has given the science of his fans and those who invest in memes. I also wrote an article that represents exactly the market feeling, the article is called " the cryptocurrency market: the 3 trillion industry that almost no one understands ."
Please, I really insist, stop buying memes, no longer invest in cryptocurrencies that create hype without a long study. Do not invest more than you can lose, call for information sources such as the academies of serious exchange platforms, call people who do not promise you huge profits because there is a saying "it is too nice to be true".
