$BTC
Thoughts and concerns caused by Trump's coin issuance
Trump's issuance of the token TRUMP caused a sensation in the market and created a wealth myth in a short period of time. Then yesterday he posted whether other celebrities would follow suit and issue coins. I didn't expect it to happen today, and it was his wife.
His wife Melania issued the "Melania coin", which did not give the market any breathing space at all, and almost brought down the big cake by 100,000. The altcoins were even more miserable, with a general decline of 15-30%. Moreover, judging from the market reaction, when Trump issued the coin, there was still discussion in the market, but his wife's coin issuance was met with a lot of criticism, which shows that the market's acceptance and recognition of this behavior is decreasing.
Trump's wife's behavior also makes people wonder whether Trump's son will also issue a coin called Trump Son Coin, or even his dog will issue a coin called Trump Dog Coin. It's just that such behavior will make the crypto market more disorderly, infinitely magnify the risks of investors, and the sword of Damocles of supervision may fall at any time, and the future of the entire industry is worrying.