$TRUMP: Can a US President-Backed Memecoin be Trusted?

[Hatchy]

Nahh, the token has 80% Centralized and just 20% distributed. Why on earth would someone even think of trusting such token. Because it was backed by trump? Nahh.. he already is selling and the token is falling very fast. Let's not be fooled by the mass, you make profits from meme coins but don't hold them..

[bayu7adi]

This is too fast, Trump is too fast to take this step which he has not even been officially inaugurated as US President... his form of support for cryptocurrency should not be by releasing a new MEME coin at the beginning of his term... it's like he's just taking advantage of the situation where he seems to only take personal advantage of the hype he's getting.. I myself am very sure that this coin will later be proof of how serious Trump is in dedicating himself to the cryptocurrency community....

Memecoin is very volatile, and if there is a collapse in memecoin, it will have an impact on Trump's personal branding for the cryptocurrency community so far.... in my opinion, instead of creating a meme coin, wouldn't it be better to adopt crypto for some of Trump's own large companies? And start taking strategic steps with other US companies.

[Akinwale Akinkunmi]

We don't know what lies in the mind of Donald Trump at this time; a memecoin of his own was launched; this is just a few days before he assumed the office of the president as the 47th US president.

The success or failure of this memecoin will tell how much we can trust him on crypto. Whether we will have him falling guilty or not to a pump and dump coins as US president. Time will just tell in all this, we then put it record that Trump once launched a memecoin that was successful or unsuccessful as US president

In his statement yesterdays he never mentioned cryptocurrency, but rather oil. Won't it affect the space?

[albon]

This coin is not an investment opportunity or security and is not affiliated with any political campaign political office or government agency. Those who were able to purchase these tokens from within fomo made huge profits. But i think there will be less lucky people who invest at the very beginning. It would be foolish of me if i rushed to buy out of fomo.

Such digital tokens often cause the market to move up in price, after which the underlying shares are sold off. People who buy late in this often suffer big losses. So come late and avoid buying such tokens because within few minutes you will face big loss.

[JoyMarsha]

We don't know what lies in the mind of Donald Trump at this time; a memecoin of his own was launched; this is just a few days before he assumed the office of the president as the 47th US president.

The success or failure of this memecoin will tell how much we can trust him on crypto. Whether we will have him falling guilty or not to a pump and dump coins as US president. Time will just tell in all this, we then put it record that Trump once launched a memecoin that was successful or unsuccessful as US president

In his statement yesterdays he never mentioned cryptocurrency, but rather oil. Won't it affect the space?

I don't think it will. The only thing is that, Americans attention will be moved into oil, to explore in that area.

I remember the time Donald Trump was mentioning Bitcoin during his political campaigns for this year election, peoples mind was in crypto. The moment he won the election, the crypto market bulls immediately.

This time we are going to wait on him whether he will stick with the promises he made about Bitcoin or keep it away

[dkbit98]

Trump seems to be doing one good step with release of Ross, and than multiple bad steps with this crap meme tokens.
It's even worse that he got his wife Melania to create her own token that performed in the similar way like his token.
I know he only cares about making money but he is cheating everyone who purchased that crap.

[kai]

.....
I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?

https://x.com/realDonaldTrump
I checked it directly on Donald Trump's account on social media X, and previously I did not believe that Donald Trump tweeted about the $TRUMP coin.
But after I checked it and then I found information like below:
https://x.com/realDonaldTrump/status/1880446012168249386
I have a little 50:50 to believe that Donald Trump supports cryptocurrency with his $TRUMP coin backup, we still have to DWYOR if we are already in this cryptocurrency business.

From 50:50 I tend not to believe that Donald Trump will continue to support this $TRUMP Meme coin, because there has been no official announcement about the support for the $TRUMP coin.

[bounceback]

After launching Trump meme coins last several days ago, looks Donald Trump as US president not bring positive impact yet after three days since appointing as US president not talk yet about cryptocurrency. Although Donald Trump have launched the meme not sure yet in the future will talk about crypto or forget what his promise before.
Bitcoin and altcoin price not really increasing yet due Donald Trump appointing as US president and right now we are waiting good news for seeing bitcoin and altcoin going up again, forget what ever new meme coins launching in the future have linked with Donald trump family and never investing yet.

[Z-tight]

I would recommend that you go nowhere near this shitcoin, if you probably had bought it early, then you should get out now or should have gotten our earlier. It is a shitcoin with no value and utility, i don't even know what Trump is thinking, his wife also launched hers, lol, comedy show.

[robelneo]

I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?

So you know that this is a pump and dump game, and you are afraid that you could be late in investing and may end up cutting your losses or losing your portfolio. We never know if Trump is really the one managing the meme, although he is not against naming the token in his name, so the answer is yes, the president of the US is taking part in a pump and dump, and this may have a negative effect in his reputation during his term.

[Faisal2202]

I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space. You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter. 
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?

It was never a good opportunity to invest in, that's why I did not buy it as I already saw it is going to list on many exchanges before the listing and becoming famous he had shared about it on his Twitter and those who follow him saw it coming and bought early and then dumped later. It was a money making time for many but only the smarter ones made while the late comer as usual become the exit liquidity for others.

I already shared my opinions on this matter on different sections, but here I would say it was not a good token to invest in for long term, for people who were interested they should have checked it earlier, and if they would get it cheap then they should have bought it. Many made profit but the number of people are in loss due to this token are more if I am not wrong.

[Z-tight]

We never know if Trump is really the one managing the meme, although he is not against naming the token in his name, so the answer is yes, the president of the US is taking part in a pump and dump, and this may have a negative effect in his reputation during his term.

It is his meme coin, he and his team are managing it, that has been obvious since it was launched, funny enough his wife also launched hers, lol. I don't think mr president is concerned about his reputation here, he simply wants to make money and that is crazy.

[Crypto Library]

I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space. You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter. 
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?

I don't think there shouldn't we trust issue because Trump is the president of United State of America so this is not be easy for him make any scam. But until now we know that that is the memecoin and we all know that memecoin is always goes on the hypes so it make sense that is has always high risk on investment and this is not he coin that should be invest for the long-term. But before the trump coin lauching and the listing on binance I think I was good choice for buying but now I don't think it will be a good idea, even then they have a large supply like the 80% in hand. It could be very manipulated market. And we also should remember that this is the second round of Donald Trump so there his no chances for become president again after this term.