Hundreds of thousands of investors who invested in the $TRUMP memecoin launched by US President Donald Trump have lost about $2 billion in a few weeks, while the creators of this cryptocurrency earned about $100 million.
According to its data, more than 813 thousand crypto wallet owners have lost a total of $2 billion in 19 days since the memcoin was launched in mid-January.
At the peak of its popularity, its price reached $75. At the same time, an analysis by Chainalysis and MerkleScience showed that the creators of the coin, including The Trump Organization, received about $100 million in trading fees. The publication notes that although the official website of the memcoin contains a warning that the purchase of the coin is primarily intended to be an expression of support for Trump, and not part of an investment strategy, some traders still tried to “make big money on it.”
On January 18, Trump announced the launch of his own cryptocurrency $TRUMP. The memcoin trading volume exceeded $11 billion in a day. Then Trump's wife Melania announced the launch of her own coin, $MELANIA. Bloomberg expressed the opinion that the launch of tokens by Trump and his wife is causing reputational damage to the crypto industry. {spot}(TRUMPUSDT) #TRUMP
$IO I'm curious if there are many here who bought this coin for $2 and now sell it for $1.40 because it's just awful how it's falling. Kabuto wasn't even bought by anyone, and the holder was definitely not a person. The influx of $ in a day is just tiny, there is absolutely no interest. I'm curious what happens next, 0.9 or even 0.7, well, that would be a sign if the price falls below 1.20, it means the holder is clear who it is. There's no point in inventing anything here; it's not such a large token emission that the price would get lost in the decline. I don't see such fools buying at $2 and now selling. If the price falls below 1.20, there are no holders here, just sellers collecting liquidity.
What's on the agenda with #XRP , or is all the capital being transferred to #ATOM ? I think there is currently an accumulation candle and then a breakout!¿👀
you don't have a strategy, that's why they shave you. there are smart guys on the other side of the exchange and they know how you think
NurlesPnL
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$BTC in general, to hell with it. I'm deleting Binance, it's impossible to trade, the market is simply being manipulated, it feels like there's a little man on the other side of the screen who is rocking a swing... It's like in the video, with the man who is shoving things into the crack, and they give him back twice as much, in the end they take everything. bye bye
The Oasis Network (ROSE) project shows positive dynamics and significant development in 2024. ROSE price is currently around $0.114, up 23.91% from last week. The project gained attention due to several key events and updates. Ecosystem Development
@millionaire_account As I told before about short because of the unlock of 2B I closed when saw that only 111M left in a capitalization +55%. Many people still in the short, But I don't see the chance gain something from short on so low capitalization on bull market. The project strong enough. So only long now #arbusdt
My thoughts on the Render coin. After a long period of Bitcoin growth, when it reached $64k, many started selling their coins, fearing a reversal in altcoins and Bitcoin itself. However, many experienced traders claim that after the approval of a Bitcoin ETF, institutional investors are scooping up any dips. Having traded in the market for over two years and survived one bear market, I can confidently say "Buy!" when I see the following about the Render coin...
Trading volumes are consolidating near the $7.522 mark. Despite visible strong selling pressure, everything that is being sold is quickly bought up by bulls.