Investors suffer heavy losses! Trump Coin falls—Is it a pump and dump?

The official Trump meme coin has dropped to only $16.50 from a high of $75. Although the reason for the price drop is unclear, the official Trump meme coin shows in financial records that President Donald Trump and his team have made substantial profits. A report by the New York Times said that the Trump family and related partners earned $100 million in transaction commissions. Most of their profits have not yet been claimed, affecting how they will use or cease this joint venture. The issuance of Trump's coins: A strategic financial move? The launch of this currency has caught the attention of investors. Trump revealed this token three days before his inauguration to create new revenue opportunities related to his presidential duties. MAGA supporters have reacted positively as they see Donald Trump's new project as similar to his previous items, including hats, NFTs, DeFi platforms, shoes, and the Bible. These meme coins with high market capitalization have typical price volatility similar to other cryptocurrencies. Some professional traders manipulate the market by intentionally increasing the price before selling their shares, causing losses for new investors who buy late. A thorough examination is needed to determine whether Trump coin can avoid such typical price manipulation. Is Trump's token a Pump-and-Dump trick? Analysts consider Two separate cryptocurrency leaders, Anthony Scaramucci and Coffeezilla, have condemned Trump token as a fraudulent price manipulation and volume manipulation behavior. A selected group of traders will pump up the asset's value before selling it to harm the market for new traders. Current evidence does not prove that Donald Trump or his group manipulated currency prices, but data provided by Nansen and Chainalysis to The New York Times shows suspicious transaction patterns.

Researcher Molly White found that an investor bought $1.09 million worth of $TRUMP tokens an hour before the launch of this new cryptocurrency. According to reports, the trader made $50 million by selling his position. After more trades, investors made a profit of $109 million. The significant loss has caused a strong reaction among investors towards Trump Coin After being two minutes late to launch, buyers started making money by purchasing items that brought in a net profit of $2.7 million. The first 31 people to buy into this opportunity made $669 million among them in the following days. 783,204 small supporters lost $2 billion through a total of 813,294 wallets they used to make purchases. Trump supporters who initially invested in this currency are now regretting their decision due to their strong political loyalty. Shawn M. Whitson in North Carolina invested in the TRUMP token on Inauguration Day because he saw the country returning to its original direction, but later changed his mind. After a while, he no longer supports the investment $T$TRUMP a and sees it as a foolish project. Trump's management rights: Conflicting interests in cryptocurrency? Supporters of Trump token oppose its launch because the President should not endorse products that could benefit personally from his regulatory authority. Shaping his policies could bring unfair market advantages to him and his supporters. The Trump family continues to push forward with their cryptocurrency plans without adjusting their strategy. They have launched TruthFi, which they advertise as their answer to funds implementing political trends. The dust from the experience of the Trump meme coin shows the risks that digital assets bring when celebrities participate in investment. Trump supporters who bought the token are now facing serious financial issues, while those who bought the token earlier still retain their profits. Conclusion The experience with the Trump meme coin shows that political cryptocurrency investments are highly risky. Initially, the early members of the network prospered, but many loyal fans lost a significant amount of money. This controversial event highlights the issues associated with speculative digital assets, especially when they are linked to market influencers. DYOR! #Write2Earn #Write&Earn $TRUMP