Cryptocurrency Donald Trump: Meme Coin Hipe Fizzles as Donald Trump cashing out; Cripto fans wondered if the pump was just another political day
What started a lot of Fanfare in mid-January quickly turned into a warning story for investors. According to Axios, from Trump Organization They launched these Meme Coins 17. January and 18. January, income for the leading platform for meme Pump.fun has failed, leaving many Crypto enthusiasts You wonder if it’s all just another political money.
Rise and drops of trump
While Meme coins long ago part of the crypt market, they were taken into the circle of energy when the Trump’s name was attached to the market. People rejected into new Trump and Melania tokens, hoping to take the next big thing in digital currency. However, coins have now seen a significant decline, currently only part of what they were at its peak, aquilified axios. The launch of these coins by Trump did not use Pump.Fun platform directly, but it contributed to the performance of excitement in the market – the excitement that was fizzy since then fizzled.
Boom-facing bust
Pump.Fun was that anyone facilitated everyone to start their own Meme bracket on the Blocchain Salanium, according to Axios. Thousands of memes coins flooded the market, creating speculative millions as a desirable traders. At its peak. At its peak, pump.fun brought tens of millions of dollars on Sunday, from transaction fees and charges of coins that “graduated” to “graduates”. But how the boom meme stopped unscrew, so it has a platform income.
One of the founders of Pump.Fun, which Alon Pseudonima knew, said “definitely does not help it is a significant amount of money that are invested retailers at the top of the $ Trump lost, as quoted by axios.
The main coins such as Bitcoin and Solana took significant hits in the last month, and the total crypto market coat, which drop more than 12% from 20. February, coongecko reported. Bitcoin, who usually takes the market, is characterized by the same day, reported and opened, reported Axios.aclurding Alon, the decline in the crashes is higher trends that affect the Bitcoin and Solana.
The bots download
Another concern is that whenever there is a crypto market buzzing with excitement, in which great players are often dominated, “Sharks” implementing Automated trading bots That dry all parties from the process, a reported axis. As these bots become smarter and more efficient, the average trader has fewer opportunities for enjoyment.
When the party fades, traders start to feel like they use them. This leads to frustration, and many of them end up giving up, reported axios.
According to Axios, it is difficult to say whether this market is done for while before it is before, but now traders are high alerts.
Frequently asked questions
What happened to Trump Meme with coins?
Trump meme tokens, Trump and Melania, once acquired a lot of popularity, but they have been diving since then.
What happens to the pump.fun?
Pump.Fun, the site that simply created for the creation of meme coins on Solana Blockia, had a sharp drop in revenue.
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2025-03-01 21:04:00
