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

[LogitechMouse]

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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?

A couple thousands of dollars is small compared to what I saw in Facebook. He lost $300,000 investing into TRUMP and that was the money that he gained in his whole cryptocurrency journey. It's like him spending years making that money and then just lost it in an instant by some pump and dump coin like TRUMP.

There are 2 sides of the story. There are some investors who might've changed their lives because of this token either positively or negatively. While there are some who made money in this token, there will be more that lost their money because of wrong decisions they've made.

Well, it's an amazing start indeed. A good way to hype up the investors and to attract even more investors as we are in the bull run currently.

[Stompix]

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.

The annoying thing is that we are now letting people get away with worse things than the ones that generate the need for Bitcoin.
No matter how bad banks are there is no way in hell they would have ever thought of selling you meme coins, even during the crisis back in 2007 there was nobody that would think like Trump, let's write them a piece of paper with crypto on it and pay up 30 trillion.
Imagine the scandal in 2000 if we had a president selling Beanie Babies, now it's all normal, it's good for crypto, but how the hell is good for crypto taking out liquidity from the market with all that money ending in the pockets of a guy who admits he doesn't know a thing about it?

[dkbit98]

This meme crap token was only one more way for Trump and his family members to generate and earn money.
Despite doing some good things like releasing Ross Ulbricht, I have to look at him almost like on scammers and I don't trust anything he say and does.
I don't know who is teaching him all this, but he must have shitcoin advisors.

[Gposas]

The Trump official coin sure did made a great pump for about  3 days interval and most traders/investors earned alot of profit from it especially those who were able to buy the night/early morning of listing. The spike of the token was a pool of profit for those who invested early.

While others were happy for the profit generated by the token, other investors/traders were also disappointed by the loss made after purchasing at higher price hoping that the coin will continue to pump forgetting that those who grabbed at lesser price will likely sell off and collect their profits.
After about 3 days, the coin started declining till the range price it's currently trading on now.

I guess it'll still be lively through the administration of President Donald Trump and also considering the integration of the coin as ETF

[yhiaali3]

This is the world of crypto, for there to be winners there must be losers, the lucky ones are those who take advantage of the opportunities at the right time and the losers are those who always come late.

The Trump meme is no different from any other meme, it is only supported by the president's crypto-loving personality, so it is natural that this type of meme that has no project depends on pumping and dumping and promotion by celebrities only.

I think the biggest beneficiary of the Trump meme is Trump himself, his wife, his children and those close to them.

[Gurujebs]

This meme crap token was only one more way for Trump and his family members to generate and earn money.
Despite doing some good things like releasing Ross Ulbricht, I have to look at him almost like on scammers and I don't trust anything he say and does.
I don't know who is teaching him all this, but he must have shitcoin advisors.

If he hasn't promised them Bitcoin reserve, a lot of CT would have gang up against him and attack him at all platform but they keep quiet and act like it's a normal thing. When other people launched, they be like it's scammed and all that but Donald Trump and his wife dropped and they are like "don't worry, he is the president and the coin is for fun".

The team and his family are the only people that are benefiting from this and that's why 800m is held on another wallet. When he is done as the president of the US, he will have something to lean on to continue his life, 2029 is not far.

[0t3p0t]

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?

I personally missed the Trump token and I was heavily devastated by loss in trading memecoins though it was all my fault but yeah if I can't take the risk then there should probably be no chance for to make gains. I know that in the long run I am getting better and better with this craze by learning from my mistakes so yeah no guts, no glory. There are always opportunities in crypto I just don't have  enough idea to become that profitable like other traders especially in memecoins but as long as we don't stop we will surely get it.

[doc]

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?

I personally missed the Trump token and I was heavily devastated by loss in trading memecoins though it was all my fault but yeah if I can't take the risk then there should probably be no chance for to make gains. I know that in the long run I am getting better and better with this craze by learning from my mistakes so yeah no guts, no glory. There are always opportunities in crypto I just don't have  enough idea to become that profitable like other traders especially in memecoins but as long as we don't stop we will surely get it.

In taking risks, it takes guts, there is indeed a trauma from me to invest in meme coins, but seeing the current movement of the trump token, it seems like I remember DOGE in the past when Elon tweeted and DOGE soared.
I didn't take too many chances to buy meme coins this season, but this could be a consideration in the future, even though this time I was late buying trump at a low price.

[examplens]

The annoying thing is that we are now letting people get away with worse things than the ones that generate the need for Bitcoin.
No matter how bad banks are there is no way in hell they would have ever thought of selling you meme coins, even during the crisis back in 2007 there was nobody that would think like Trump, let's write them a piece of paper with crypto on it and pay up 30 trillion.
Imagine the scandal in 2000 if we had a president selling Beanie Babies, now it's all normal, it's good for crypto, but how the hell is good for crypto taking out liquidity from the market with all that money ending in the pockets of a guy who admits he doesn't know a thing about it?

I wouldn't equate this with any bank, but in fact, there is only one person behind it all. Rather, I would say that this is a new type of Ponzi scheme (perhaps one day we will have a Trump scheme as a scam method) with much greater potential.
He took advantage of the greedy and the fact that they endlessly trusted him, I can't say I feel sorry for all 570k of them. the crypto market will recover, I hope this will be a lesson for future well-known bump/dump manipulators

[Bobcrypto]

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.

Yeah, most often newly launched memecoins does not last more than a day before going down after listing, it has been an ugly scenario on the meme space. However, there are certain meme projects the has institutions influence that also hold a substantial investments on some these meme project for the long term which give them stronger liquidity boost.

Moreover, the Trump token has huge Fomo, and hype by some smart traders who bought it earlier but quickly dump their token when they observed the strong resistance on the market within 24hours of trading.

[Igebotz]

People are not condemning Trump meme coin because it's a president coin but had it been it was launched by one developer, everyone will be complaining and saying the team is holding much coin and for that reason, it wouldn't do well but here we are praising another man.

A team having more than 10% of the overall holdings is always a red flag, but I believe Trump got a pass for holding on to 80% because it is locked for three years, preventing the team from rugpulling/dumping the coin early.

There is no team; the coin was created based on hype. It's been three days since the price began dumping, and there has been no update from the developers, no word from Trump, and no promotion; the price has simply continued to drop, and investors are fleeing.

[Stompix]

This is the world of crypto, for there to be winners there must be losers, the lucky ones are those who take advantage of the opportunities at the right time and the losers are those who always come late.

So you're saying we should legalize Ponzis as long as everyone is doing his research before?
Why no pardon Maddof then?

There is no team; the coin was created based on hype.

Oh no, they had a team, and one that knew the things pretty well, probably more experienced than 99% of the guys on this forum and BTC talk

The coins as instantly for trade on major exchanges at the same time, the liquidity was provided perfectly on swaps, early transfers were made minutes after launching the coins, buys went into liquidity first to top every dex, there was a small timeframe where they allowed the doubt so they could get early buyers, their won into the game and then when it went full fomo they sold exactly the coins distributed at the start, cashing it perfectly.

The execution as perfect, they failed with Melania because it was too fast but they ran out of time, and there are some theories they had to do before the inauguration, to cover themselves legally.

[Igebotz]

There is no team; the coin was created based on hype.

Oh no, they had a team, and one that knew the things pretty well, probably more experienced than 99% of the guys on this forum and BTC talk

The coins as instantly for trade on major exchanges at the same time, the liquidity was provided perfectly on swaps, early transfers were made minutes after launching the coins, buys went into liquidity first to top every dex, there was a small timeframe where they allowed the doubt so they could get early buyers, their won into the game and then when it went full fomo they sold exactly the coins distributed at the start, cashing it perfectly.

The execution as perfect, they failed with Melania because it was too fast but they ran out of time, and there are some theories they had to do before the inauguration, to cover themselves legally.

I think $Trump being locked for 3 years and $Melania being locked for 30 days was what made the difference, now I'm thinking they forgot to add (0) at the back of 3 on $Trump cause it all doesn't make sense. Same team, different lock time.

Everyone was bullish on $Trump waiting to push it to $100 after inauguration, the whole timing on launching $Melania was wrong and ruined both projects.

[Rruchi man]

There is no team; the coin was created based on hype. It's been three days since the price began dumping, and there has been no update from the developers, no word from Trump, and no promotion; the price has simply continued to drop, and investors are fleeing.

I simply want to believe that Donald Trump has chosen to stay silent about his Token because he just resumed office. The hype around his token will surely return again at a later time when I believe that he would mention it, so those who still have it now and the token has dropped below the point that they bought it should just hold on to the market, I think, until it rebounds instead of dumping at this moment at a loss.

[SmartGold01]

There is no team; the coin was created based on hype. It's been three days since the price began dumping, and there has been no update from the developers, no word from Trump, and no promotion; the price has simply continued to drop, and investors are fleeing.

I simply want to believe that Donald Trump has chosen to stay silent about his Token because he just resumed office. The hype around his token will surely return again at a later time when I believe that he would mention it, so those who still have it now and the token has dropped below the point that they bought it should just hold on to the market, I think, until it rebounds instead of dumping at this moment at a loss.

You could be right but there is no rarity or clarity  towards him reinstating that project as we know the hype of memecoin how it behaves towards the market, lot of investors has already pulls off their investments from that project and if a project like this is down it could be hard to gain back investors trust again because already the token was dumped on them they wouldn't want to experience same thing again.