Trump's latest venture involves a cryptocurrency known as $TRUMP, which saw its price soar dramatically after launch, highlighting a troubling trend in the meme coin market.
Two of Trump's affiliated companies control 80% of the $TRUMP coin supply, raising concerns about artificial valuations and possible exploitation of buyers in a volatile market.
Memecoins like $TRUMP and $MELANIA lack genuine business fundamentals, relying instead on social media hype and marketing, leading to quick profits for creators and substantial losses for late investors.
Historically, many memecoins plummet in value post-launch, illustrating a predatory investment environment where early adopters rapidly benefit at the expense of unsuspecting buyers.
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