The $TRUMP token launch wasn't just a magnet for investors—it was a beacon for scammers,
These dApps often trick users into connecting their wallets, allowing scammers to drain funds,
Many of these tokens used misleading branding to lure investors,
They’re plumbing new depths of idiocy with the memecoin launch,
I’m not sure people quite grasp how much of the crypto world is reacting to the Trump memecoin launches,
Dear @realDonaldTrump : Please fire whoever recommended going forward with the Melania launch today,
Hello every scam targeted at everyone and anyone who has no clue about crypto,
There’s now a fear that people who are not super familiar with this industry will see it as a cash grab and not see all the good uses of crypto that exist,
Obviously Trump, because of who he is, elevates a memecoin launch like nothing we’ve ever seen before,
When DJT originally went public, it was one of the only ways to directly play Trump enthusiasm in the markets, but now, especially with the release of $TRUMP and $MELANIA crypto, there are multiple assets investors can put capital into,
We will drill baby, drill,
This has been an extraordinary quarter for the Company, for Truth Social users, and for our legion of retail investors who support our mission to serve as a beachhead for free speech on the internet."
Enormous enthusiasm for a new president has helped boost the value of his meme coin
Make no mistake – these are only to be viewed as a collectable, a digital memento, and not a currency in which you can trade
For me, the Trump meme coins are utterly ridiculous
Right now Trump is on top of the world – there is a Make America Great Again feeling of goodwill
Just remember, during the gold rushes of the past, it was those who invested in the manufacture of picks and shovels who usually made far more money than the prospectors who were simply hoping to strike it lucky.
Yet I fear the madness of crypto fever is not yet over – and Trump could well be opening the floodgates for other celebrities to launch their own meme coins as a way to raise money from patron fans
When Bitcoin smashed through the $100,000 mark in December it was a new high
It’s just a matter of time until a lot of people lose money from this,