Trump family earned $1B from crypto..

[albon]

Just checked the price of the Trump family's shitcoin, and it's down 99%.

$TRUMP = Current price $5.73 = 92% drop from ATH
$MELANIA = Current price $0.1181 = 99% drop

Many investors have abandoned this memecoin; they were just hyped at the beginning and now don't care anymore.

No need to be shocked; this really should have happened. This sharp decline is natural considering they are meme coins, created to support Trump and his family, his election campaign, as well as to generate wealth and revenue.

Also, anyone who bought these meme coins could have considered selling after early gains. According to Chainalysis, the number of wallets that made millions of dollars is very small compared to the thousands of wallets that lost their money.

This is because meme coins are inherently volatile and not suitable for long-term holding.. As we can see, the $TRUMP coin fell from $75, and the $MELANIA coin, which was priced at $13.73, also dropped significantly.

No memecoin project is solid, even if it's from the President's family. They're all just being exploited for the benefit of the owners/developers, while the community becomes the victims.

I completely agree with you, and I advise avoiding investing in any meme currencies, regardless of the entity that developed them. This year we have learned that these meme coins are not a safe investment and have caused disruption in the crypto market while increasing fraud.

[bitwalhr]

Some of their earning went from pocket as well, Lost in trading of Trump and Melania coin, I purchased Melania coin when it launched thought it will pump like Trump coin, but instead going up to moon it went straight to hell 

Regarding the Melania token, I also bought it shortly after its launch. And at the time, I was in a hurry to buy it. Because I thought the hype would be the same as Trump's. But it turned out I was wrong. Although it had a fairly high increase at the beginning, it only lasted for a short time and didn't last long, and then it experienced a continuous decline like a typical meme coin. Fortunately, I didn't buy much, because I had already prepared for such a situation.

It was clear from the beginning that this MelaniaCoin would not succeed for a good reason, which is that its counterpart cryptocurrency TrumpCoin was competing with it to attract more confident investors. Investors believed in TrumpCoin more than his wifeCoin because they knew she has nothing to do in the crypto field but to gather some benefits before running out, while they thought TrumpCoin would stay strong at least as long as Trump is in the white house.

Even many big ones are also fallen into this trap and faced loses because sometime peoples want to take risk, and they never thought about meme coin or shitcoin can go either way but with the Trump family in crypto now I have one view they have done good job because in near future if any big person will bring meme coin peoples surely will think and also done search about this before investing.
Trump family is surely taking good advantage of their power and influence this is giving them huge profit with now they are already having biggest ever mining system this is also going to be another big achievement in crypto 79 years old Trump doing for his family quickly.

[Mandoy]

honestly! i just think at this very point Donald Trump is just like a huge bad news to the crypto ecosystem, i mean come on why all this back and forth in the market as soon as he makes some shitty of annoying announcements or he makes some out of the blue policies overnight! i am sure him and his family are very much aware of what his pointless decisoins does to the crypto market... the worse part is that one of his  Eric is openly saying online that they are having fun! with the market... making billions at the expense of draining small traders, but thats what crypto as turn into lately so it is their time let them do what they like..

The market has certainly been agitated by the news of the Trump family earning billions out of crypto. On the one hand, the fact that Eric Trump is celebrating such swings does not auger well with the interests of small traders, but it also indicates that crypto is sensitive to prominent individuals and unplanned policy shifts. This brings to the fore the necessity of more transparency and regulations over the space. Personality-based volatility as opposed to fundamental-based volatility will probably persist until that time.

[nelson4lov]

Trump and his sons are using their influence and power to milk and suck out liquidity from the space. All the projects are just grifts. Norne of those projects brought anything new to the space. USD1 is the stablecoin from WIFI. Guess which other stablecoin projects like USD1 are available today? Several hundreds. So there's really nothing innovative about these projects. It is my belief that these projects will just slowly bleed and grind towards zero (0).

ggwp and well played to them.

[lornadane]

Not surprised at all tbh. This kind of thing has always happened in crypto, just with different faces. Big names bring attention, liquidity follows, and retail usually arrives late. Best lesson here is not to idolize anyone’s project and always look at tokenomics and unlocks before touching anything. DYOR matters more than ever.

[ScamViruS]

Not surprised at all tbh. This kind of thing has always happened in crypto, just with different faces. Big names bring attention, liquidity follows, and retail usually arrives late. Best lesson here is not to idolize anyone’s project and always look at tokenomics and unlocks before touching anything. DYOR matters more than ever.

Big name people doing such activities in the crypto market are giving newcomers the wrong image about the crypto market, which is actually not good news for the crypto community. The crypto market has now become easy for such big names to do whatever they want and take billions of dollars out of the market. Many promising projects in the market are not performing as expected, as investor interest in altcoins has decreased due to the games of such big names. The crypto community should learn from this and educate themselves further.

[aysha9853]

This kind of thing shows how uneven the market still is when powerful people launch tokens, they control timing, marketing, and exits regular traders don’t have that info, it’s easy to blame manipulation, but the real lesson is to stay cautious and avoid projects driven mainly by fame instead of utility or long term development.

[Doll2233]

This kind of thing shows how uneven the market still is when powerful people launch tokens, they control timing, marketing, and exits regular traders don’t have that info, it’s easy to blame manipulation, but the real lesson is to stay cautious and avoid projects driven mainly by fame instead of utility or long term development.

Donald Trump is very rich person and most of his money come from real estate, business ventures and his personal brand. He successfully turned his fame into money because million of people are interested in what he says and his name itself is strong brand. He present himself as businessman who focus on investment, deals and profit driven policies. Trump has experience using bank leverage and working with investor in property sector which is common business practice. But there is no solid proof that Trump is major bitcoin or cryptoc investor or that he control or manipulate crypto market. While his name and influence can attract people to invest in crypto related projects calling him top class btc investor is not factually correct.

[Victorybit1]

This kind of thing shows how uneven the market still is when powerful people launch tokens, they control timing, marketing, and exits regular traders don’t have that info, it’s easy to blame manipulation, but the real lesson is to stay cautious and avoid projects driven mainly by fame instead of utility or long term development.

Asides from tokens that are being manipulated by the elites easily the entire market can also be manipulated as well it was unbelievable that bitcoin was manipulated but this is something that can happen frequently but it reminds us of the fact that we should thread carefully when investing in altcoins and including bitcoin as well. The market movement can be very unpredictable sometimes

[SOKO-DEKE]

think Trump is there for business and it was really lucky to make a big  from the project he created. I think we don’t need to blame Trump for the memecoin he created, but those that invested in it should blame themselves for investing in that kind of coin. In fact, most people that invested in that Trump coin are those that don’t really have much knowledge about cryptocurrency. If not, they would never have invested in the project, because it is a memecoin and it has no real purpose for being created; it was just created for making profit. Trump understands the crypto market, and that is why he created the coin. What is clear is that many people are just following trends in the crypto industry, and that is why some of them easily lose money in the crypto industry.

[Jegileman]

Asides from tokens that are being manipulated by the elites easily the entire market can also be manipulated as well it was unbelievable that bitcoin was manipulated but this is something that can happen frequently but it reminds us of the fact that we should thread carefully when investing in altcoins and including bitcoin as well. The market movement can be very unpredictable sometimes

The market will always remain unpredictable and we should always prioritizing trading with caution because it is very important. One can fall into unseen circumstances and situations that make them face huge losses just because of their lack of knowledge and action taken on the market. Both altcoins and bitcoins are cryptocurrencies and they face volatility and market manipulations, so we should always be prioritizing the best knowledge to trade the market best in whatever condition we want to act on the market.

[Odusko]

Asides from tokens that are being manipulated by the elites easily the entire market can also be manipulated as well it was unbelievable that bitcoin was manipulated but this is something that can happen frequently but it reminds us of the fact that we should thread carefully when investing in altcoins and including bitcoin as well. The market movement can be very unpredictable sometimes

The market will always remain unpredictable and we should always prioritizing trading with caution because it is very important. One can fall into unseen circumstances and situations that make them face huge losses just because of their lack of knowledge and action taken on the market. Both altcoins and bitcoins are cryptocurrencies and they face volatility and market manipulations, so we should always be prioritizing the best knowledge to trade the market best in whatever condition we want to act on the market.

As long as we have whales, crypto market will always witness this heavy manipulation and for some fact we can say that even the most stable solid market like Bitcoin is still subject to heavy manipulation as long as whales can hold a huge amount of Bitcoin and there by act to control the market sentiment regardless of how long that market sentiment will last.

[Juse14]

Trump is relying on his popularity and also his position to do mass scaming by launching his own tokens, instead of getting special rights if you become a holder, don't forget that he also issued NFTs to be traded, it is clear that he is profiting from the crypto community in the world, maybe some people benefit, but I am very sure that the people who experience losses are far more than those who experience profits in the tokens issued by the Trump family.

Have any of you benefited from these tokens or even suffered losses?

[livingfree]

As long as we have whales, crypto market will always witness this heavy manipulation and for some fact we can say that even the most stable solid market like Bitcoin is still subject to heavy manipulation as long as whales can hold a huge amount of Bitcoin and there by act to control the market sentiment regardless of how long that market sentiment will last.

Just take it that the market will always be heavily influenced by them. Whales, celebrities, prominent people, politicians, etc.

But the only difference with bitcoin is they cannot wholly manipulate it anymore. They can influence the market for it to move to the direction they want it to be.

And that's how they're making noise these days for the retailers to also move to the direction where they want it to move.

[goldkingcoiner]

You say earned I see scammed...

Any other person who would do this kind of crypto business would be called a scammer. Back in the days of the ICO rush, this is exactly what scammers did:
They created a hype and sold a worthless coin. Then they ran away with the money. And the ones who were foolish enough to believe in the baseless hype are the ones who suffer at the end of the day.

[ultrloa]

You say earned I see scammed...

Any other person who would do this kind of crypto business would be called a scammer. Back in the days of the ICO rush, this is exactly what scammers did:
They created a hype and sold a worthless coin. Then they ran away with the money. And the ones who were foolish enough to believe in the baseless hype are the ones who suffer at the end of the day.

Always feel fishy when seeing this hype tokens.

Also the ICO days is usual breeding ground of scammers, which they usually created for hype and they are promising good utility which at the end they will not deliver. Lots of people got scam especially those people looking for huge gain for short time period, while as we know the owner of this projects rug pulled then go away. Mentioning that they earn on it is something sketchy especially and I feel like they try to scam more people by saying that.

Usually at the end investors suffers from scamming and people need to learn from that to possibly stay away on possible scams.

[Odusko]

Not surprised at all tbh. This kind of thing has always happened in crypto, just with different faces. Big names bring attention, liquidity follows, and retail usually arrives late. Best lesson here is not to idolize anyone’s project and always look at tokenomics and unlocks before touching anything. DYOR matters more than ever.

The funny thing is how Trump himself pretend as if he never know that a shitcoin exists in his name and that if his wife, the fact that many have linked the Trump family with the two coins but they have not come out openly to own up to that claims, this speaks alot in what is under playing and how political the whole trump coin and his support for cryptocurrency have become now that he is the president.

[Ahli38]

You say earned I see scammed...

Any other person who would do this kind of crypto business would be called a scammer. Back in the days of the ICO rush, this is exactly what scammers did:
They created a hype and sold a worthless coin. Then they ran away with the money. And the ones who were foolish enough to believe in the baseless hype are the ones who suffer at the end of the day.

Yes, that's right. They are only selling their fame or even their big names behind the tokens they create. And They are quite clever at deceiving many people by creating the sensation or hype that they have prepared. Now the altcoins they created are slowly falling into the abyss. And people can only feel the losses as a result. People who believe in the hype ultimately become exit liquidity for the developers or even for the largest holders. I personally see it as a scam with a deception style. Somehow they manage to silence people who feel they have lost out from the altcoins they created. They are like puppets being controlled.

[Shinpako09]

It’s not actually surprising. That’s how easy it is to make a fortune if you are famous. That’s what KOLs on different social media platforms do as well. Once the price goes up, they sell, and the cycle goes on. If the project rugs, they will just say they are not connected to the project, and the cycle repeats again. Also, no matter how famous the one who made the token is, or the one who promoted it, a memecoin is still a memecoin, it was never meant for long term holding. In crypto or trading, someone’s win is someone else’s loss. It’s either you win, or you become the exit liquidity of others.

[8rch7]

It’s not actually surprising. That’s how easy it is to make a fortune if you are famous. That’s what KOLs on different social media platforms do as well. Once the price goes up, they sell, and the cycle goes on. If the project rugs, they will just say they are not connected to the project, and the cycle repeats again. Also, no matter how famous the one who made the token is, or the one who promoted it, a memecoin is still a memecoin, it was never meant for long term holding. In crypto or trading, someone’s win is someone else’s loss. It’s either you win, or you become the exit liquidity of others.

In cryptocurrency always have two side some one win by earning much profit and there are has some one else loss much after investing much, the same when investing in Trump family meme coins for the early entry earn much profit but many people still believing with trump official coins although raise higher price but keep buying and right now dump more than 100% more.
Have been longer time last several months ago since release trump family coins right now still waiting will release another new coins again? Surely if Trump family release new meme coins never give up for many people to buy although for trader already loss much in the first phase of Trump family coins.