- Trump Mim currency currency decreased 78 % of peak. Investors lose more than 2 billion US dollars.
- According to what was reported, Trump and the entities behind the currency have achieved more than $ 100 million ($ 160) in trading fees.
- One of the traders turns into 18 degrees Celsius into about 110 million US dollars ($ 175 million).
Whether you love it or hate it, Encryption It is the west of the West of our time. Bitcoin has increased to the highest level in recent times, bypassing a brand of $ 100,000, and the entire encryption market reached about $ 3.5 trillion. But when there is noise, there is always a risk.
Crypto SPHERE was also exposed through its fair share of fraud, including those for “Crypto King” Sam Bankman-Fric, who is now 25 years in prison after defrauding $ 8 billion in investors. But this time, the controversy does not come from some sub-technology or rogue trading-it comes directly from the most powerful man in the world, the President of the United States, Donald Trump.
The presidential pump
On January 17, 2024, just three days before his inauguration in the second term, he struck the Trump currency, $ Trump, the market he declared and pushed unlike x. Dokwin (Another MIM), whose Blockchain has its own, $ Trump is just another digital origin that is completely created for speculation and riding cultural phenomena.
The reputable metal currencies are also notorious for their fluctuation and their short -term nature, and it is often a means of the “pump and dumps” in which creators store distinctive symbols, gain popularity, sell them, and destroy financially ordinary investors in this process.
From mutation to bust
Initially, the noise machine did it. Within a few days, Trump rose $ from less than $ 10 to $ 75. Social media immersed stories of people who make thousands overnight. Then the accident came. Within days, he decreased to $ 40. Then $ 30 and at the end $ 16, and lost 78 % of its peak value. In total, more than $ 2 billion from 800,000 investor money disappeared, just like that.
To be fair, Trump Quinn site If the liability of the micro printing was buried: “Trump’s Memat aims to work as an expression of support and communication with the ideals and beliefs embodied by the” $ Trump “symbol and associated artworks, and it does not aim to be, or to be a subject, an opportunity to invest.”
But it is clear that this message has not reached investors, and another billion dollars of the distinctive symbols of $ TROMP will be released within three years. All we can say to investors is: Good luck.
However, it seems that some people have gone out at the forefront. According to the Trump organization and its subsidiaries benefited more than $ 100 million in commercial fees alone. According to New York TimesOne of the lucky investors managed to transfer a bet of 18 cents per cent to $ 110 million ($ 175 million) within days.
Family relationship
If Trump launches Mimi’s currency was not enough, Melania Trump I also decided to enter into the work. Just one day before her husband’s inauguration, the first lady presented her distinctive symbol, $ Meania. Unlike $ Trump, Melania reached its climax at $ 13 before it collapsed to less than $ 2 – on a different scale, but another encrypted trip is still for investors.
Ethical storm
Both $ Trump and $ Melania have met immediately with a violent reaction. An American president soon begins (and profit from) speculation investment. It is a kind of address that news rooms have acquired all over the world. With the Trump administration to the liberation of the great encryption, critics expressed their concerns about the conflict of potential interests.
The public citizen presented the invitation group to the consumer already Ethics complaintsOn the pretext that Trump’s upgrade Trump on X violates federal laws against a president who requests general gifts. However, even if Trump was spent today, it was walking with billions of dollars.
So, if you are in an encrypted currency, remember that even the presidential symbols cannot escape from the old formula of a small number of winners and a large number of losers. The secret of moving forward is not to ride the noise wave but to inform it, manage the risks in a reasonable way, and invest in what you can lose – because in the volatile coding world, the noise is a flash in the pan, but the losses remain.
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