Hey, everyone! If you have been following the crypto news, you know about the $TRUMP coin, a politically themed memecoin that peaked before the inauguration and, despite dumping afterwards, is still over $20.
In this clip:
- Political themed memecoins
- Launching of $TRUMP and dump after the inauguration
- No utility other than having fun
- Shorting $TRUMP
I'm not much into memecoins, but they have been playing an interesting role in recent cycles, so they have captured my attention. It's worth giving them a look, analyzing them, and taking the opportunities they offer.
The $TRUMP coin is a memecoin that doesn't seem to have any utility other than having fun with it. The founders retain 80% of the supply, which might help to keep its value in the two figures. However, a lot of hype went into the coin early on, and the price skyrocketed; it should stabilize at a more reasonable rate.
I decided to short it; I entered at a good high price of $62. It made me sweat for a while before the price started to go down. Did you buy it? What are your thoughts on this memecoin?
Posted Using INLEO