Meme Coins - Understand The Game First

Day after day we discover that meme coins are one of the ways that celebrities use to get liquidity from traders' pockets because simply when there is a purchase there is someone else selling, so be very careful with meme coins and here I am not talking about Trump's coin only but even Doge.

Currencies that are based on quick propaganda and mockery are not a strong project to rely on in the future, but rather a bubble that grows day after day, but for me it has time and will return to where it started, which is point zero.

And in order not to be too aggressive on these currencies, there are those who benefit from them greatly and here I am not talking about the founder because as in the case of Trump he is the biggest beneficiary, but my talk here is about traders who can seize the opportunity and buy from the bottom and sell quickly, but for me it also remains a gamble.

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Trump's and his wife's Coins

Trump quickly understood the game from Elon Musk, who made billions of dollars from the Doge currency, and who believed that the main reason behind buying the Twitter platform, which is the first platform for promoting cryptocurrencies, is to benefit from these currencies. Here, Trump began publishing, and one post by the US President was able to make him earn billions of dollars within days.

Trump's wife, Melina, made a mistake by adding false information about his ownership of the currency, as it turned out that 89% of the currency was for one account, which raised doubts and made it fall significantly. Here, I found many comments on the X platform that they lost most of their money because of that currency.

Therefore, caution and caution, if you do not know how to exit, do not enter, and it is better to stay away because, as I mentioned, it seems like a complete gamble.

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Posted Using INLEO