Was the Trump token just an sort of giveaway by Trump?

[Stompix]

Was the Trump token just an sort of giveaway by Trump?

The term is Rugpull!

Trump coin is not a shitcoin to an extent because it rises and at the same time falls, but some have already taken advantage of it early arrival opportunity to invest before the market rises and was being listed on exchanges,

That's the standard definition of pump and dump shitcoin.

And nobody sees a problem with the president of a country launching a meme coin with 90% of the supply in his hands, a meme coin with no use whatsoever, issued by an LLC that can claim no responsibility at all since it's not a financial product?

[Mia Chloe]

Cant say that Trump token was a giveaway, since I wanted to join party, bought a little bit and was lucky to notice price decrease start and to sell with little loss. Totally not a giveaway Another meme coin with expected future. I am only surprised that price drop has started so quickly, the price growth did not even last for few days.

Firstly a great percentage of people that will see it as a given away are mostly those that were able to pack a ton of profit from it. However on the other hand it would be very difficult for someone who lost from it to be convinced to see the trump token as a giveaway. Nevertheless my point is the idea of seeing it as a giveaway is kind of relative to your benefits from it .

The fact is the trump coin wasn't any much different from a regular meme coin that gained enough hype to pump really fast only to get rugged in the end.

[bitterguy28]

Firstly a great percentage of people that will see it as a given away are mostly those that were able to pack a ton of profit from it. However on the other hand it would be very difficult for someone who lost from it to be convinced to see the trump token as a giveaway. Nevertheless my point is the idea of seeing it as a giveaway is kind of relative to your benefits from it .

i think you guys might be confusing the definition of a giveaway

giveaways are things that are given for free, these coins are bought by people and correct me if i am wrong but i never heard an airdrop for this coin because it was only announced days prior to his inauguration and it immediately pumped everyone excited to see profits for when trump goes to sit at the white house

The fact is the trump coin wasn't any much different from a regular meme coin that gained enough hype to pump really fast only to get rugged in the end.

the only difference is that it bears a president's name and is also acknowledged by his social media presence which is something i do not think has ever happened before

i mean el salvador's president only had a crypto wallet, no? and did not release a memecoin of himself

[Bobcrypto]

~ At the same time there's the other side of the coin with people losing a whole lot of money due to greed. I heard about a guy who a couple thousand of dollars in the span of a couple of hours and I can only attribute such loss to greed no matter how I look at it.

Losses were from chasing the profit on Trump token? I read that it kind of sucked the money from other markets too that's why a of other tokens in Solana turned red. Perhaps many panicked then sold at a loss as well.

Other then Trump, there was also a token created for Melania. I don't know if that's the 'official' one.

When ever a meme coins is created and listed on the several exchanges probably becomes successful, it seems a wakeup call for many other meme copy cat projects to launch similar projects to make quick profit. Now that Donald Trump has launched his meme coin, the "Trump Fight Fight" meme, we may be seeing similar Trump meme coins that may emulate the name like, baby Trump Meme.

In a related meme trends, before the official Trump's meme was listed, there were already projects launched with his name, and i think we may see more meme coins in this regime.

[albon]

I think it would be foolish to invest in a meme coin like this out of FOMO because you will get a profit from the very first investment with a coin that creates such hype. So if you buy trump coin now then you might get hurt. If you want to research trump coin crossed $71 line and already down to $41. Some investors got addicted to getting rich and bought at high prices as a result of which now half of their funds have been lost. Since we could not buy in the beginning, if we buy now most of the investors will lose and lose big money.

[tequilla_sunset]

I think it would be foolish to invest in a meme coin like this out of FOMO because you will get a profit from the very first investment with a coin that creates such hype. So if you buy trump coin now then you might get hurt. If you want to research trump coin crossed $71 line and already down to $41. Some investors got addicted to getting rich and bought at high prices as a result of which now half of their funds have been lost. Since we could not buy in the beginning, if we buy now most of the investors will lose and lose big money.

No need to do it, imo, not now, not in the future.
Just forget about it and move on, buy more BTC, and be a happy hodler (to the OP of the thread).

[examplens]

There were so many people making life changing amounts from investing in that token early and it's to the point that it's not an exaggeration to say it put a smile on the world's face. At the same time there's the other side of the coin with people losing a whole lot of money due to greed. I heard about a guy who a couple thousand of dollars in the span of a couple of hours and I can only attribute such loss to greed no matter how I look at it. Still, overall it was a great day and opportunity for those who capitalized on this token and also a sad day for those who missed, either way, this is just an amazing way to start 2025, isn't it?

Money came from somewhere, now they just changed owners, while the one who created the coin got away the best in the whole thing. I would certainly never call something like this a great day, because here people with the highest positions took advantage of the naive and greedy. Quite legal one would say, but if I did it myself (without political power) I would probably be under the microscope of the SEC.

That's the standard definition of pump and dump shitcoin.

And nobody sees a problem with the president of a country launching a meme coin with 90% of the supply in his hands, a meme coin with no use whatsoever, issued by an LLC that can claim no responsibility at all since it's not a financial product?

Everyone was interested exclusively in personal profit, hardly anyone was interested in how regular and moral everything was.
In my opinion, the height of impudence is that the coin was launched the day before the inauguration, Obvious abuse and manipulation of the presidential function.

[Faisal2202]

There were so many people making life changing amounts from investing in that token early and it's to the point that it's not an exaggeration to say it put a smile on the world's face. At the same time there's the other side of the coin with people losing a whole lot of money due to greed. I heard about a guy who a couple thousand of dollars in the span of a couple of hours and I can only attribute such loss to greed no matter how I look at it. Still, overall it was a great day and opportunity for those who capitalized on this token and also a sad day for those who missed, either way, this is just an amazing way to start 2025, isn't it?

If I am not wrong, the number of people made lose is larger than the people made profit because Trump left the token by booking huge profits, many whales entered this token and left either with huge profits or either with a very huge loss. Now the middle-class people who came to know about this token very late.

They bought it high and now they are the exit liquidity for everyone, people think they found the next gem and now investing in it the only thing to make them rich but they don't know after investing they have to track what is really happening on the blockchain either money is inflowing or outflowing, real time data can bee seen free on many platforms but they don't and then becomes the exit liquidity for others and stuck their money for long term. I hope this will teach them a big lesson.

[Baofeng]

There were so many people making life changing amounts from investing in that token early and it's to the point that it's not an exaggeration to say it put a smile on the world's face. At the same time there's the other side of the coin with people losing a whole lot of money due to greed. I heard about a guy who a couple thousand of dollars in the span of a couple of hours and I can only attribute such loss to greed no matter how I look at it. Still, overall it was a great day and opportunity for those who capitalized on this token and also a sad day for those who missed, either way, this is just an amazing way to start 2025, isn't it?

How can it be a life changing you someone is losing money? For me it looks like someone has manipulated it and earn them big money in short amount of time. Typical of the pump and dump and manipulation on meme coins.

Hopefully it is not Trump himself or someone close to him because it will really have a negative impact on reputation. And probably this is the best example on why we should invest on this kind of meme coins.

[robelneo]

How can we consider it a giveaway when there are people losing their investment? If its really a giveaway, then you need not invest in it; this is just another pump and dump meme where the developers and the promoters are the ones making huge profits at the expense of investors.
Now that memes are on the news again, we will see more memes mushrooming in the market, just when we are all hoping that investors should stop investing in memes. A new era of investing on memes has just begun, and its uglier than in the past.

[Rubel007]

If the price of a meme coin is $70, it will not be difficult to estimate how much profit those who invested here in the beginning have made. If there is hype in such a coin, then many ordinary investors will not be able to control their greed. Once we understand this, we will be able to understand a little how much the person who invested there for $70 expected that the coin could bring him more profit. Of course, people should set a limitation in every case. In any case, if you are too greedy, you will lose.

[sampoerna]

Was the Trump token just an sort of giveaway by Trump?

The term is Rugpull!

As usual. It is

Rejoice for those who can take advantage of this moment to get high profits and successfully avoid the dump, from this rugpul project. and be patient for anyone who is a victim of rugpull, and still has their money stuck in the coin, yes, the longer it is, the price will usually fall even more.

Oh yeah, even I don't know why there are still many people who believe in meme coins for the long term, new meme coins, which only go up because of the hype, they believe because Trump issued the coin? hmm, they have to learn a lot from various previous meme coins. because basically, the scheme will be the same.

[doc]

If the price of a meme coin is $70, it will not be difficult to estimate how much profit those who invested here in the beginning have made. If there is hype in such a coin, then many ordinary investors will not be able to control their greed. Once we understand this, we will be able to understand a little how much the person who invested there for $70 expected that the coin could bring him more profit. Of course, people should set a limitation in every case. In any case, if you are too greedy, you will lose.

Early investors who bought the trump meme coin under $10 are currently enjoying the rewards as the price of the trump coin skyrocketed. The current price is $34 and it had reached an ATH of $75. I didn't have time to buy kpoon trump because I was more focused on the top 10 coins and many friends didn't invest there either. But I don't regret it, because fortune can come anytime and from anywhere.

[dave_strider]

If the price of a meme coin is $70, it will not be difficult to estimate how much profit those who invested here in the beginning have made. If there is hype in such a coin, then many ordinary investors will not be able to control their greed. Once we understand this, we will be able to understand a little how much the person who invested there for $70 expected that the coin could bring him more profit. Of course, people should set a limitation in every case. In any case, if you are too greedy, you will lose.

Early investors who bought the trump meme coin under $10 are currently enjoying the rewards as the price of the trump coin skyrocketed. The current price is $34 and it had reached an ATH of $75. I didn't have time to buy kpoon trump because I was more focused on the top 10 coins and many friends didn't invest there either. But I don't regret it, because fortune can come anytime and from anywhere.

It's better not to lose anything than to get your depo lost due to the FOMO.
Right call, doc.

[Agbe]

You're right because when this trump token started a lot of people where skeptical about it because a lot of tokens where failing to meet up to expectations in that period so many people didn't give much attention to the token like me in the miming stages of the coin until the coin was listed and the listing price was something else it was there and then that I regretted not investing into this token, but any one who mined this project and didn't sell at the initial stage where the price was okay has himself to be blamed because that is really a greed mindset