Is Trump coin a good investment or crypto’s latest rug pull?


The crypto was disappointed in the world, Trump entered the cash at the moment when an ally at the White House realizes the legal status for his efforts.

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Anyone familiar with the crypto world knows that hypertension is a major threat when investing in digital currencies, “non -fungal token” and “meme coin”.

And whoever is familiar with President Donald Trump knows that he is a shameless hickster is always anxious to squeeze his supporters To cash in his name.

Trump, permanently planning for salary, chooses opportunities when his focus is Launch some of Trump’s Branded Shlok. If you are talking about Trump for any reason, he has found something branded in his name to sell you at the same moment.

So it should not be surprising when Trump began selling a digital token on Friday before his opening last Monday, known as a Mimi coin-when a mere one-and-a-half miles from the supporter White On the opening crypto balls were celebrating. House

But some players in the Crypto world were frightened and disappointed that Trump said in a moment that he was anxious about the ally in the White House, which created a strong sense of legal status in his efforts.

That’s what it means to be an alliance with Trump. Anything that puts money in his pocket is a priority. Anything that pursues its allies’ interest can wait.

Is Trump’s coin just another crypto ‘carpet bridge’?

Andy Beer, Managing Director and Head of Product CoindeskTell me that Mem Coin is “complimentary and shamelessly without” any utility “. Quindsk is a website that reports and indicates crypto products.

Trump’s coin – which is known as $ Trump – Looks like a car baseball card With his picture, “fight, fight, fight” and his signature phrases. Have people last week Payments in wildly fluctuated range This strange digital capacity was introduced for approximately $ 73 a day before the inauguration of Trump from about $ 6.50 in Syria. By Friday afternoon, the price fell to a low of $ 30.

Trump’s wife, Melania, launched Its own coin says $ Melania The day before its opening was appreciated Approximately $ 50 2.50 On Friday afternoon.

Behar noted that such coins show a market for such a thing and create transaction fees in blockchain networks that store them, which helps the industry grow. But he said that Trump’s coin indicates the reaction in the crypto industry: “Just because you can, that doesn’t mean you should.”

“Our industry is making a lot of effort to show that it is serious, that it welcomes useful rules, that he wants to be more regular, that he wants to have serious conversations with regulators and legislators so that finance How does it work, how it works, how to increase the capital, how it works. That is inevitably the top headline, threatens how seriously the conversation is taken. “

The crypto industry has a derogatory term for the gate-rich instant schemes and the behest heard his voice-“Carpet. “This means to rapidly in a coin and then walk, or run away, away.

Is Trump making money with his meme coin?

There was a lot of speculation about how much Trump Trump earned on his new coin. Rob Headk, a General Partner in Crypto Venture Capital Firm Dragon FlyTell me that Trump’s “is not yet clear”.

The $ Trump Coin website says 200 million of them were put on the market on Friday and will gradually be kept for sale of 800 million more In the coming three years.

The president tried to play both dumb and winners about his new coin on Tuesday When asked in the White House If they continue to sell products for personal gain as President.

Trump said of his new plan, “I don’t know much about it, as well as I launched it.” “I’ve heard that it’s very successful.”

$ TRACK PRINT PRINTED TO THE Trump’s Website Note that a company registered in Delaware in 2022, affiliated with Trump’s family real estate business, is part of a new company registered in Delaware this month. Jointly, both companies have 80 % of coins.

Headquarters see buyers as a mixture of crypto speculations and Trump supporters. He said some could expect that Trump would add any “utility” to the coin.

Trump, during his presidential campaign, Sold non -fungibel tokenAnother type of digital product baseball card, known as NFTS, is known as NFTS. The buyer who sank enough money in these digital products Prize with dinner with Trump last year In Florida

This is utility. In politics, it is sometimes called “pay to game”.

$ Trump is exactly the same thing that our president likes to do

And the problem is. Trump wants to sell his supporters to the attention of the machine to keep focus on the machine.

David Matazi, KCO Galileo FX

“He rises to the controversy,” said Mathari. “Conflict helps him. It does nothing with it.”

Can the Trump court dispute be brought to his coin and the amount then for his attention?

“He has a lot of people who are ready to follow it in hell,” Matlai told me. “I think it’s the game they are trying to play.”

They will also be wearing Trump’s watches and gold Trump shoes in the red hats everywhere, in their red hats everywhere. They can even be a stock holder in Trump’s social media platform, true social social He has seen some ups and downs in his prices.

A reminder time: True Social, which is regular through the US Securities and Exchange Commission, should periodically warn potential investors about the clear risks. She emerged as SEC filing, as I wrote last year, a lieutenant of Trump’s business flop losses, where her brand, for all her brush blusters, emerged as a loser.

Trump still finally fixed. Do you really think that by investing in the coin if you are also selling, if you do so, he cares but you have little to know about it?

Follow USA Today’s columnist Chris Brennan on X, which was previously known as Twitter: BychRisBrenanan

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