Anyone who is familiar with the world of cipher knows that excessive volatility is a serious risk when investing in digital currency, inappropriate token, and “Memcoin”.
And anyone who is familiar with President Donald Trump knows that he is a shameful hackster who is always eager to narrow down his supporters to cash his name. Masu.
Trump chooses when he is planning his payday forever and focusing on him to launch a new Trump brand Surock. If he talks about playing cards for some reason, he has a branded one to sell you at that moment.
Therefore, it would have been surprising when Trump started selling digital tokens known as Mys’s coin on Friday before last Monday. house.
However, some players in the world of cipher were disappointed that Trump was cashed at the moment when he was eager to the White House allies and had a strong sense of legitimacy through their efforts. , I was disappointed.
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This means an alliance with Trump. Everything that puts money in his pocket is a priority. Anything that promotes his ally can wait for anything.
Is Trump’s coin just a different encryption “Rug Puru”?
Andy Baehr, the coindesk manager and product manager, said that Meme Coins was “defined and embarrassingly frivolous” without “utility”. Coindesk is a website that reports encrypted products and creates indexes.
Trump’s coin -Known as a Trump looks like his photos, “fighting, fighting, fighting”, a fancy baseball card. Last week, people paid very much for this strange digital souvenir. From about $ 6.50 in the evening, it was introduced nearly $ 73 the day before Trump took office. By the afternoon of Friday, the price dropped to a lower range of $ 30.
Trump’s wife, Melania, launched her own coin, called $ melania, the day before her inauguration. On Friday afternoon, about $ 2.50 was evaluated.
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BAEHR pointed out that these coins show this kind of market, creating transaction fees throughout the blockchain network that preserves them, and supporting industry growth. But Trump’s coins have encouraged this reaction in the encryption industry: “You shouldn’t do it just because you can.”
“Our industry is striving to demonstrate that it is serious, welcoming useful regulations, wanting to be more regulated, and trying to demonstrate serious conversation with regulators and members of the Diet. Bear said, a work that fosters capital, and the transaction mechanism. “And these things are very public, very inevitable, and threaten to retreat how seriously the conversation is performed.”
The encryption industry has a lighter ROG -like term of a wealth of quicks, and I heard that BAEHR was called -“Rug Puru”. It means to run or run out of coins quickly, or run away.
Does Trump make money from his Memcoin?
There were a lot of speculation about how Trump earned with his new coins. Rob Hadick, General Partner of Crypto Venture Capital Firm Dragonfly, said that Trump’s interests are now “very unknown.”
The $ Trump Coin website states that 200 million will be launched on Friday on Friday and 800 million will be sold gradually in the next three years.
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Tuesday, when asked if he would continue to sell products for personal benefit in the White House, he tried to win both of his new coins.
“I don’t know much about it, except for it,” Trump said about his new venture. “I heard that it was very successful.”
The detailed printed materials on the $ Trump website are new companies registered in Delaware this month, a company in which a company registered in Delaware in 2022 belongs to Trump’s family real estate business. It is pointed out. In combination, both companies have 80 % of coins.
Hadic assumes the $ Trump buyer as a mixture of cryptographic speculators and Trump supporters. He said that Trump might expect to add a kind of “utility” to coins.
During the presidential election, Trump has sold an impossible token, known as another type of digital product similar to a baseball card. The buyer, who had enough money on these digital products, was rewarded for dinner with Trump last year in Florida.
That is the utility. In politics, it is sometimes called “payment to play”.
$ Trump is exactly what our president wants to do
And there is a problem. Trump needs to stir the caution machine to be interested in what he wants to sell his supporters.
David Materazzi, the CEO of GALILEO FX, a company that develops automated transaction software, has been driven by “Hype advertising” instead of the $ trump price in the real world. I am. news.
“He thrives in controversy. It’s a controversy, and if you ask Trump, do you want to do it, he says Jesus,” said Matezzi. “The controversy helps him. It doesn’t do anything to him.”
Can Trump controvers the attention of his coins and for the subsequent money?
“There are many people who want to chase him to hell,” said Matezzi. “I think it’s the game they are trying to play.”
They are wearing a long march and a gold trump sneaker in their long march and gold trump sneakers in their ubiquitous red hats. They may even be a true social shareholder, a Trump social media platform that sees the volatility of its own price.
Reminder Time: The true social society regulated by the US Securities and Exchange Commission must regularly warn the potential investors on obvious risks. As I wrote last year, these SEC filing is a series of Trump business flop losses that his brand emerged as a loser as a loser.
Trump was still fine. Do you think he cares as well by investing in coins that he sells but hardly knows?
USA Today Columnist CHRIS BRENNAN ON X, it was previously known as Twitter: @bychrisbrennan
