Bold Moves in Cryptocurrency: Trump’s Coin Launch Sparks Controversy – BitRss

Two prominent cryptocurrency experts suggested that Donald Trump may have made a significant financial mistake shortly before taking office. DonAlt and Cred claimed that the launch of Trump’s official meme coin, TRUMP ($29.11), resulted in a substantial loss of wealth.

The Initial Surge of TRUMP Coin

Launched on January 17th, TRUMP reached a fully diluted market cap of $72 billion within a few days. This surge positioned TRUMP among the top 20 crypto assets, with Trump and associated individuals holding 80% of the supply.

Subsequently, Trump abruptly released a second official coin called MELANIA. This move caused a sudden drop in TRUMP’s price as investors realized these new tokens could pose risks to their TRUMP coins.

“This move undermined the seemingly unstoppable rise of TRUMP Coin.” – Cred

DonAlt warned that the 80% allocation held by Trump and his team would eventually be unlocked over the next 36 months, potentially triggering significant selling pressure and alerting investors to possible losses.

He expresse…