Trump’s Meme Coin: Why $2 Billion Went Down the Drain
What could be more reliable than investing in yet another “hot” offering in the crypto market? Yet, Trump’s meme coin, like a cunning trickster in an internet image, caused 813,294 wallets to remain deeply in the red. The total losses for investors reached an astronomical $2 billion—a sum capable of crushing any high expectations. And while traders scramble to collect crumbs and try to seize a bit of luck, the family of the U.S. president calmly counts the $100 million collected in commissions: one dollar for every $20 invested by trusting enthusiasts.
At its peak, $TRUMP was worth much more, but now the “coin” is selling for just $16—almost 4.5 times less. https://xrust.ru/ notes that this decline resembles a soap bubble that burst right in the hands of millions of people. The irony is that those who were supposed to lose the most likely ended up winning instead, as they extracted their real profit from commissions, like a gold mine.
Meme coins can be an enticing venture, promising quick profits, but they often end in tragedy for those who believed in them. Perhaps the next wave of the crypto boom will teach us to be a bit more skeptical and analytical before hitting the coveted “buy” button.
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