Many people are surprised that Donald Trump launched a meme coin on Solana the day before his inauguration.
I mean, Trump is expected or capable of erratic behavior, and if you look at his tweets and most of his stance on crypto, you will notice he is not just a crypto madam; he suggested owning a meme coin in some of his tweets and interviews, but no one expected him to do so before taking office.
So, did you miss out on generational wealth?
I am sure you did, lazy sluggard.
You were sleeping when you could have become rich
Thousands, if not millions, of people are now regretting not buying$TRUMP; it is normal behavior when you miss out on a pump.
Going from a few cents to $30 could be life-changing money. Even if you started with $100, you could easily be up several thousand dollars, but that is all people think about: profit.
This is why the coin ranks 28th on the coinmarketcap. You would think that as crypto matures, people will think of more than pumps and quick money.
Although I agree that there is nothing wrong with wanting to capitalize on a coin, I believe that chasing quick gains is why rugpulls will remain relevant in crypto.
However, when it comes to Trump coin, many people may think it is bullish for crypto, especially in a bull run year, but I think it is a little rash right now.
Holding 80% of the coin and releasing 20% is suspicious, but I do not think many people care right now. It could quickly go from "yay" to "oh no!"
I am not saying Trump will rug his own maiden coin; he probably knows it will be a stupid move. As a result, the overall market balance may be disrupted. However, no one knows why 80% of the coin is not in the market; perhaps it will be released later, or it is for Trump to profit from; perhaps not.
Nobody cares right now.
In crypto, money talks and if you're not talking money then you're probably talking nonsense. No one cares about tokenomics right now because they are mostly discussed when a coin is dumping or the market is down.
In reality, Trump may be the crypto guy, but I doubt we will know much about his plans until he returns to work at the White House.
So when he says he is going to be a crypto president, we are not sure if he means he cares about crypto and wants to do it better than Biden and Gensler, or if he just wants to keep launching coins and encouraging people to buy them with positive vibes and a bullish outlook.
Nobody really knows what Trump intends or what he intends to do with crypto regulations in the United States, etc. If it is all vibes, meme coins, and profit, I am really scared. However, now is not the time. I do not believe any of Trump's actions will have an impact on how this bull market year plays out.
On second thought, many people are bullish on Trump, and we know that positive sentiments are beneficial. Somehow, I believe this bull run year will be larger than 2021, and many factors have aligned properly. Oddly, Ethereum has been one of the worst performing alts this cycle, which is very concerning for the alt market.
Whatever decisions Trump makes should not be enough to turn the entire market bearish; the overall trend is bullish, despite how alts are down. It is the bull run year, and we have only just begun.
$100 incoming?
Personally, I do not think I will buy $TRUMP; at this price, it is too risky, even though it is likely to rise from now until the end of the year.
However, if you have some extra money to gamble with, go ahead and try your luck. There is no guarantee that it ($TRUMP) will not reach $100 by the end of the bull run; there is also no guarantee that there will not be a massive dump, perhaps some major corrections that correlate with general market sentiment, or something as big as a hack or a rugpull.
Nobody knows, but if you can not take risks, you will not be rich.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
Interested in some more of my works