Trump Coin: Is It a Masterclass in Meme-ing or Just a Big Ol’ Scam?

Okay, so remember that whole “Trump is going to make America great again” thing? Well, it seems some folks are taking that *very* literally, because a meme coin called TRUMP just exploded onto the crypto scene. And let’s just say it’s as chaotic as you’d imagine.

Upbit, South Korea’s biggest crypto exchange, has decided to throw its hat into the ring (or maybe it’s a MAGA hat?) and list TRUMP. So, get ready to watch the market go wild, because this is about to get *interesting*.

The coin, already listed on Bithumb, saw a 10% surge just because Upbit said, “Hey, we’re gonna let you buy this thing!” That’s like giving a toddler a whole bag of jelly beans and expecting them to just calmly eat one at a time.

And just in case you thought this was some kind of serious financial investment, let’s just say TRUMP is as stable as a cardboard box in a hurricane. The meme coin took a nosedive in the past two weeks, plummeting almost 40%. Is it a sign of the times? A metaphor for America’s political landscape? Or just a very expensive way to say, “Make America Great Again”? Who knows!

Upbit is trying to control the chaos by starting TRUMP’s trading at a slightly lower price and restricting orders for a while. Like putting a toddler in a playpen. But will it work? Maybe, maybe not. We’re talking about the Trump coin here, not a simple game of peek-a-boo.

Remember when TRUMP first launched and reached a $10 billion market cap? You know, back when everyone thought this whole “meme coin” thing was just a fun little joke? Yeah, well, those early investors have mostly dumped their tokens, and now the coin is trying to claw its way back from a crash landing. It’s like watching a squirrel try to climb a skyscraper – adorable, but not necessarily a good long-term strategy.

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2025-02-13 13:07