Crypto Chaos: Did Insiders Pull the TRUMP Token’s Strings?

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In the grand theater of American politics, where the stage is set with the glimmer of gold and the whispers of ambition, the TRUMP token burst forth like a firecracker on a summer night. It was born to celebrate the second coming of a man who, like a phoenix, rose from the ashes of his first term. On that fateful day, January 18th, it was but a humble creature, barely scraping by at less than ten bucks. But lo and behold, by January 20th, it soared to a dizzying height of $74.59, as if the very heavens had opened to bless it. 🎆

Yet, as is often the case with such meteoric rises, the fall was swift and merciless. The token, once a darling of the masses, found itself tumbling down the rabbit hole, trading below $20 by February 2nd, and now languishing at a mere $10. It’s as if the coin had taken a wrong turn at Albuquerque and ended up in the land of lost investments. 🐰

Observers, those ever-watchful hawks, claim that the crypto market is in a tailspin, and the TRUMP token is merely a reflection of that chaos. But oh, the drama! 10x Research, with all the flair of a soap opera, revealed whispers of “insider play” before the token’s spectacular nosedive. While the common folk lost their shirts, a select few early investors danced away with pockets full of cash, leaving the rest to ponder the fickle nature of fortune. 💸

Early Investors Cash Out Before Listing In Major Exchanges

According to the ever-reliable 10x Research, those savvy early birds cashed in just before the big exchanges rolled out the red carpet for the TRUMP token. As the price flirted with the $60 mark and even teased $70, these investors had the best seats in the house, sipping their cocktails while the rest of us were left standing in line. But alas, the party was short-lived, and soon the token plummeted, leaving retail traders clutching their losses like a child clings to a broken toy. 🎈

The $TRUMP Dump: When the Hype Fades, Reality Hits

1-4) A clear example is the $TRUMP coin, where insiders and those with early access at the Washington crypto ball could buy in before the public, while exchanges rushed to list the token as it soared past $60. After briefly…

— 10x Research (@10x_Research) March 11, 2025

Ah, the sweet taste of irony! The losses from the TRUMP token’s fall echo the haunting memories of past market meltdowns, like the 2021 NFTs boom that fizzled out faster than a soda left open overnight. In just a week, the TRUMP token shed more than 80% of its value since its peak, leaving the retail traders feeling like pawns in a game they never signed up for. 🎭

Solana Chain Takes A Hit

And what of the Solana ecosystem, you ask? It too found itself caught in the crossfire of this crypto calamity. Alongside TRUMP, other Solana-based tokens, like Raydium’s RAY, took a nosedive, plummeting by 60% in the last month. Even Solana’s own token, SOL, fell over 40%, as if the very ground beneath it had given way. The once vibrant interest in meme coins and speculative tokens seems to be waning, like the last flicker of a candle in a storm. 🕯️


Pump.fun Also Sees Dramatic Shift

And let us not forget Pump.fun, the once-thriving hub of meme coin launches, which has now witnessed a dramatic decline in activity. Over the past year, it processed a staggering 8.4 million meme coin launches, peaking just before Trump’s grand entrance. But now, like a party that’s lost its spark, daily launches have dwindled, and participation rates have plummeted, reflecting a collective yawn from the crypto crowd. 🎉

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2025-03-13 06:42