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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Is Trump Memecoin Just a Form of Buying Rumors and Selling News?
Donald Trump's latest move into the cryptocurrency industry, with his memecoin Solana 'Official Trump' ($TRUMP), has sparked controversy and skepticism in the marketing world. The 185% price increase and $4 billion valuation have forced experts to question its long-term prospects amid speculation about pump and dump scenarios. With 80% of tokens locked and a gradual unlocking schedule, the market is drawn to the $TRUMP token price and its fundamental factors ahead of Trump's inauguration. While supporters guarantee its potential, critics see it as politically volatile tokens in recent times. Is $TRUMP a bold investment or a passing trend? The story will be revealed in this bulletin. TRUMP's history with cryptocurrency! Over the past few years, Donald Trump has been running on a cryptocurrency-friendly platform. Notably, he has a line of NFT collection products launched from 2022 to 2024. Moreover, Trump has also supported a decentralized finance (DeFi) platform called World Liberty Financial ($WLFI). After the inauguration on January 20, Trump is expected to issue an executive order related to cryptocurrencies, which could be the first of many. For Donald Trump, the U.S. cryptocurrency landscape may undergo a significant, enduring change. Is TRUMP Token a situation of pumping and dumping? The cryptocurrency market has experienced a terrible pump-and-dump situation on election day. According to reports, PolitiFi (Political Memecoins) suffered a significant price drop, with top tokens losing about 60% in just a few hours. A similar situation occurred when memecoin appeared on the market just 3 days before the inauguration of President-elect Donald Trump for the second time. Marketers speculate that a similar situation could be witnessed as on election day. It is noteworthy that out of 1 billion TRUMP, 80% are locked and will gradually be unlocked over the course of three years. With this, the circulating supply will only be 200 million tokens, bringing the market capitalization to nearly 4.05 billion USD. Furthermore, the trading volume has surged to over 3 billion USD, highlighting the price increase action. The analyst's perspective on the launch of the new TRUMP token! Cygaar is a famous software engineer with over 117,100 followers. He claimed that the official website of this currency looks similar to the website used to sell and promote his NFTs. Furthermore, it is noted to be owned by CIC Digital, which is also the official license of Donald Trump for his NFTs. He still believes that the memecoin TRUMP website is a copy of his previous NFT website, after initial doubts. He concluded by saying, "Either this is the biggest cyber theft of all time, or this is a legitimate theft".