Buy Pocket Bomb (PBOM)

**Why I’m Steering Clear of the $TRUMP Meme Coin:**

**The $TRUMP Hype:**
Before Donald Trump's inauguration, the $TRUMP meme coin experienced a massive 4000% surge in a matter of hours, reaching a market cap worth billions.

**Red Flags to Be Aware Of 🚩**
**Centralized Token Ownership:**
One wallet controls 80% of the total supply, posing a significant risk. If this holder decides to sell, the price could plummet rapidly, leaving later investors with significant losses.

**Meme Coin Reality:**
Meme coins thrive on hype and speculation, often lacking real utility or strong fundamentals.

**Investor Advice:**
- Only invest money you're prepared to lose.
- Conduct thorough research before making any investment decisions.

**Could This Be a Scam?**
The concentrated ownership and rapid price jumps resemble a classic pump-and-dump scheme, where:
- Prices are artificially inflated.
- Early investors sell at the peak, leaving others with near-worthless tokens.

**Tips for Traders:**
- Avoid such projects if you're new to investing or not prepared for high risk.
- Diversify your portfolio and focus on more established projects with strong fundamentals.
- Don’t give in to FOMO (Fear of Missing Out); chasing hype often leads to losses.

**Final Thoughts:**
While meme coins can offer quick profits, they come with high risk and speculation. It's important to carefully assess the potential risks before jumping in, rather than chasing short-term gains.

TL:DR;

Dogecoin’s price has headed north once again after the recent market-wide crash and spiked from $0.345 to over $0.4 within minutes.

This impressive rally came after reports emerged that the Musk-led Department of Government Efficiency (D.O.G.E) had featured the meme coin’s logo.

The official website for the Department of Government Efficiency (D.O.G.E.) has gone live, featuring the $DOGE logo. pic.twitter.com/f9aEhpCvM0

— MaxBull.eth.CNS (@CryptooRanger) January 21, 2025

Ever since it was announced during Trump’s pro-crypto presidential campaign, the newly launched government department became the talk of the town within the digital asset industry due to its obvious remark to the largest and oldest meme coin.

The two people who were initially announced to be in charge of the project were Elon Musk and Vivek Ramaswamy, but the latter decided to abandon the project and will reportedly focus on becoming the governor of Ohio.

Nevertheless, D.O.G.E was officially announced yesterday during Trump’s inauguration speech, and its website now features Dogecoin’s logo, unlike the X page (for now).

The meme coin’s price reacted immediately. The asset had tumbled to $0.345 ahead of the logo change but exploded by over 15% within minutes to over $0.4. This became its highest price tag in the past two days.

DOGEUSD. Source: TradingView

The post Dogecoin Price Explodes as Department of Government Efficiency Website Adds Meme Coin Logo appeared first on CryptoPotato.

GM!

In Davos this week meeting world and corporate leaders. The sentiment has shifted significantly and now more are keen to embrace crypto and digital assets.