If there's one thing Trump did in his election campaign, it was getting electorate bullish by talking about legalizing crypto in the US, and some of mumbo jumbo, and if there was another thing he did, it was actually making his own meme coin out of that hype of winning the election, he then leveraged on this hype to take advantage of the initial pump that came as a result of him winning the election to launch not just his meme coin, but his and his wife's.
He is rumored to be launching another meme coin in about three days. I am not sure if this is fake news on crypto Twitter or if it is true, but the thought of Trump considering something like this makes me extremely angry.
Insiders are the real winners
He and his insiders have profited from the pump-and-dump that has been going on with the tariff wars, making insane money from all of the noise, and this comes on top of the billions they have made from launching $TRUMP and trapping retail liquidity with promises of making them financially free.
If there's anything, Trump has made crypto very chaotic of late. Retail liquidity plays a huge role when the market is supposed to go crazy, but a lot of that money has recently gone into meme coins, and if Trump is planning to launch another one, is it too early to start raising concerns about Trump's true intentions, or is he planning to use the office of POTUS to make himself some more billions before he leaves in four years?
I won't know.
However, one of the most serious consequences of launching another meme coin is that it will destabilize the market once more, causing artificial pumps and sharp dumps, similar to what his tariff wars with China have done in recent months.
But, if you are Trump, is not now the time to launch another meme coin? Oh, yes it is.
The market is currently green, some people are profiting, and they may want to gamble some of their profits in order to secure some millions, so now is the time to launch, and this could be one of the largest liquidity grabs before the market goes crazy.
However, I believe it will be extremely evil for memes to swallow liquidity in one fell swoop.
It's literally evil, but then again, 50% of people in crypto are not smart. Unless you understand the game, but if you don't, you'll think this is another bullish opportunity to money money, not realizing you might just be preparing yourself to get burned.
However, how much money do you think Trump's insiders will make? If they're announcing a launch in 3 days time, don't you think they're trying to decieve people into thinking they're early and they they'll make money?
How much do you think the longers on MEXC will make?
This looks like another money grab for insiders honestly, and after that 70% of people are probably going to lose their money or get burned again! Funny enough, same people who lost on the initial one will jump again on this one hoping to redeem themselves for the last one.
Do people ever learn?
No.
I want to think this is all jokes, but it's be really sad for Trump to start another milk-meme that's going to do a lot of damage.
There is literally no quick money in this space; it takes a lot of time and effort, but I guess that because greed will always exist, we will continue to have people who are burned by memes, and if this is the new reality of having a crypto president in the US, then I am not really bullish on Trump, because crypto is becoming a sort of smash and grab with all of the junk that is going to come from him.
Watch out for 3 days time, let's see if there's going to be Trump meme again, it'll be really disappointing if we get a another meme in 3 days time..
