Quote from: Zaguru12 on Today at 09:09:46 PM

Quote from: Lida93 on Today at 11:21:42 AM

It's obvious you were not following up and that's why you're surprised about the price achievement in such a short time but for those that have followed every step of the way on almost every update would have already envisage this to happen, and why do I say so, it's because Trump as owner of the $trump token reserves about a 90% of the token to himself and by that he could have it easily pushed just as we are seeing now.

The point is how long is this going to be sustained, what's the security of investors that are being influenced to invest by Trump's personality because what some of us fears is a possible imminent dump, just that no one knows when.

I think the surprise was actually that no one actually think Trump will be going through the route of having a memecoin, there is not the direction I think most people actually thought he would pick. There is nothing bad in creating or building a project on cryptocurrency but make sure it has utility or use case so that it can create a good adoption to the community, no matter how memecoins are been portrayed they will remain the same gamble coins I see them as. What most people want and why they are surprised isn’t this.

The scariest thing is the coin has 80% on a single address which was what made some people not to invest in it because at first many thought the social media platform of the president was actually hacked but after the seeing the news for long many started fomoing

And now news of $melania coin has emerged, causing the $trump coin to go down to $46 within 15 minutes. Most holders of trump coin are already in a panic state. Although my observation with bitcoin since the trump coin was launched is that both coins seem to be moving in a similar direction. But nevertheless i don't think it will have an effect on bitcoin in the long run.