- TRUMP, after igniting a storm in the market, is now being viewed as a manipulation stunt.
- With billions lost, the question remains: where does this leave Bitcoin?
There’s no doubt, Trump’s memecoin [TRUMP] launch has left the market divided. On one side, supporters hail it as a “masterstroke” that will fuel Trump’s pro-crypto image.
On the other, critics view it as pure “manipulation” – another hype-driven cash grab.
But after 100 executive orders, his crypto-friendly stance has flipped to “no crypto.” Now, with the market in turmoil and Bitcoin caught in the crossfire, what’s next for the crypto market as Q1 unfolds?
TRUMP under scrutiny
TRUMP’s tokenomics is simple but powerful. Over the next three years, one billion TRUMP tokens will be unlocked.
Right now, 20% are circulating, and 80% are controlled by Trump’s Organization affiliates. At its press time price of $40, these tokens give Trump a staggering $6.4 billion valuation.
However, TRUMP is now 48% down from its all-time high, which it hit within 48 hours of launch – a moment that briefly inflated Trump’s token-based net worth to over $12 billion.
Supporters call it genius. Skeptics? Manipulation at its finest.
And Bitcoin’s [BTC] 5% drop? Not a coincidence. As investors flocked to TRUMP, Bitcoin lost liquidity, with reserves on exchanges soaring to 2.35 million in just two days.
But now, things are starting to shift.
Despite the buzz around Trump’s return to the White House, his namesake memecoin
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Author: Ripley G
