I want to share a cautionary tale about my recent experience with the $TRUMP meme coin. I invested my hard-earned money, including my tuition fees, thinking it was a promising opportunity—only to see its value drop drastically soon after.
Launched on January 17, 2025, the $TRUMP coin initially soared, reaching a market value of over $14.5 billion. However, this rapid rise was followed by a sharp decline, with the coin losing two-thirds of its value in less than two weeks. During this time, the entities behind the coin earned nearly $100 million in trading fees, largely at the expense of small traders like me.
Despite endorsements and promotions, including from President Donald Trump himself, the coin's value kept falling. Trump's efforts to boost interest through his Truth Social account didn’t stop the decline.
The volatility in the crypto market, worsened by external factors like tariff threats, also played a role in the downturn. Cryptocurrency prices dropped significantly after Trump's announcement of new tariffs on goods from Canada, Mexico, and China, which impacted various coins, including his own meme coin.
This experience has taught me a tough lesson about the unpredictable nature of meme coins and the importance of doing thorough research before investing. I hope others can learn from my mistake and be cautious when considering such investments.
#trumpcoin #tariffs #Dip #losses