$TRUMP is down 2.7% on the day while the project's own account is selling a dinner. that's the whole story.
the account says top holders get a Nov 22 dinner with Trump and 3 superstars at his club in Washington. it also says it handed out 2,000 watches and 500 gold shoes in Korea and Singapore, plus a party with Mike Tyson. all of that is the project talking about itself, not anyone verifying it.
what I notice is that the perks are built for a leaderboard. a leaderboard rewards buying before the cutoff, then the incentive to hold goes away. a coin that runs on events needs a new event every few weeks, and the price is already sliding while the invite is still live.
right now $TRUMP trades at $1.87, with a 24h range of $1.84 to $1.94. my call: if it can't reclaim $1.94, I think the dinner is already priced in and it drifts toward $1.84 and under. if it trades above $1.94, I'm wrong, and I'd stop fighting it. holders who bought for the dinner should know that's the level they're relying on.
the dinner is a ticket, not a thesis. do you hold above $1.84 or lose it?
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the account says top holders get a Nov 22 dinner with Trump and 3 superstars at his club in Washington. it also says it handed out 2,000 watches and 500 gold shoes in Korea and Singapore, plus a party with Mike Tyson. all of that is the project talking about itself, not anyone verifying it.
what I notice is that the perks are built for a leaderboard. a leaderboard rewards buying before the cutoff, then the incentive to hold goes away. a coin that runs on events needs a new event every few weeks, and the price is already sliding while the invite is still live.
right now $TRUMP trades at $1.87, with a 24h range of $1.84 to $1.94. my call: if it can't reclaim $1.94, I think the dinner is already priced in and it drifts toward $1.84 and under. if it trades above $1.94, I'm wrong, and I'd stop fighting it. holders who bought for the dinner should know that's the level they're relying on.
the dinner is a ticket, not a thesis. do you hold above $1.84 or lose it?
follow me for more calls like this.