Trump Coin – Rug Pull of a Century or Something Bigger? Where to Buy?

Donald Trump is the president of the United States of America – once again. POTUS is a peculiar person, there’s no arguing that. Is he the right person to lead the States? We’ll see when another of his terms is over. Yet, we’re not here to talk about DT as a politician. Trump has made a fortune as a businessman, and one of his latest ventures are digital currencies. This is the first time in history (of the world and not only the US) that the head of the state is associated with a digital coin. 

It was evident during Trump’s campaign that the stance of the world on crypto would have to change under his and Elon Musk’s influence. Both men have pointed out more than a few times that crypto will receive their backing once they’re in the office. This wasn’t strange to hear from Musk, as the Tesla owner is already associated with Dogecoin. As far as Trump is concerned, this is his first venture into the world of blockchain. We’re not sure how much POTUS will be dedicated to this venture, or even how much he should. 

As you probably know, many of the digital currencies we have, such as Bitcoin or Ethereum are well established and used in financial markets. These crypto can be trusted as they’ve been around long enough to hold a high value on the financial market. Yet, many new digital currencies come and go without anyone even notices them. When you take into account parts of Trump’s shady past, it is not hard to doubt the legitimacy of his newly formed coin called $TRUMP. 

The coin is new and it falls into the category of meme coins. The Trump Organization owns 80% of this coin, and considering that Donald is the POTUS, this can be seen as a red flag. Due to the president’s popularity, the popularity of this coin skyrocketed overnight, and made Trump a Crypto billionaire. While these are good news for Trump, they’re also not amazing for investors. If his trust fund would pull from the business he would still be rich, but there would be quite a few dissatisfied investors. 

The coin was introduced to the market at a price far below $10, but the moment it was on the open market, it skyrocketed to $74.59. It quickly rose down to $39, but even at that price it reached an amazing $15 billion in market capitalization. While this sounds amazing, and it continues to attract investors, in the case that the Trump Organization and its affiliates decide to sell the shares of this coin their riches would increase quite a lot at the expense of the investors. But, is the president ready to do a rug pull of this magnitude? 

Of course, Trump is playing this game as if it was a round of blackjack at an online casino. His organization released an ethics agreement that prevents both Trump and his family from having business activities tied to this coin. Yet, many people are concerned because a president has a meme coin, especially after a big part of his campaign focused on cryptocurrencies and their legislation. At the end of the day meme coins are only worth what people are prepared to pay for them which makes them exist only in a bubble. 

A clear sign that this coin is not all that stable, and that Trump may have a hidden agenda is the fact that only a few short days after $TRUMP was launched we’ve also witnessed a launch of another meme coin from the Trump family called $MELANIA. The moment the First Lady’s coin was released, the value of $TRUMP halved. That’s right, we have red flag after red flag. 

Is There a Risk of a Rug Pull? 

A quick launch of one meme coin, shortly followed by  another similar coin is a signal that a rug pull could be on the horizon. While in some other instances a launch of one or few additional coins wouldn’t be so strange, these two are coming from the same source. When you see that one affects the price of another, we could see the Trump family sell their shares on short notice. For them, this would be a massive influx of money, but not without it taking a toll on the investors. After all, someone  needs to pay the price. 

Trump and his family were always people of profit. It doesn’t come as a surprise that they’re already thinking about taking what they can from this trend and the moment in time when $TRUMP is still interesting to the casual investor. The only folks who could profit from a move like this. To have the assets sold before they plummet are those that are insiders or major stakeholders. 

If you need an additional proof that one needs to be careful when it comes to meme coins is the example of Hailey Welch. The TikTok star went viral overnight, managed to amass millions of followers on social media platforms, and started a podcast. We’re talking about the Hawk Tuah Girl if you haven’t heard of her yet (check out the latest meme that came and gone). Among many ventures she started in a short time she became famous was a meme coin that went astronomical in a matter of hours and peaked at almost half a billion dollars. It wasn’t a steady coin by any means and it went down 95% in only one week. Many investors were left penniless by this move while a few insiders went home with $3 million. A similar scenario to this one is possible with Trump’s meme coin, and we would be worried about it. 

At the end of the day, investing in a meme coin is a form of gamble, and all of us decide whether we want to gamble or not. For us, when there’s a need for gambling, Stake is the answer and not some meme coin. But, we can’t make financial decisions for all of you. So, if there’s folks reading this article, and want to invest some of their assets into $TRUMP, we’re going to tell you where you can buy it. 

Where to Buy $TRUMP? 

All doubts aside, $TRUMP was launched and it is going strong at the moment. For many investors it might be seen as an asset worth having in a portfolio. At the end of the day, it is not hard to put your trust in POTUS. For all of you with a desire to invest in $TRUMP, it is good to know that you can buy it at any exchange. 

The same with any other crypto, you are better off by using one of the already established exchanges. Those that are usually topping the trusted lists are Binance, MEXC, Bybit, and Kraken. Whichever of these you choose you will not be making a mistake. If you’re new to the world of digital currencies and only want to invest into this meme coin because of Donald Trump you’ll need to make an account on one of these platforms. 

While buying a meme coin might be your goal, have in mind that these exchanges are serious online financial institutions. To open an account you will have to provide proof of identity, use your real name and data, and accept terms & conditions of use. The moment you verify your account you will be able to buy crypto. All that it takes is to deposit some of your fiat currency and exchange it for the digital currency of your choosing. 

The good part is when you buy a new crypto, and especially a new meme coin, the purchase requirements are set quite low, so you will be able to buy $TRUMP in quantities worth dozens of $. Depending on the value of $TRUMP on the day of your purchase you will be able to see how much you will receive in that given digital currency. If you approve the worth and what you get in exchange, complete the transactions and receive the right to call yourself a $TRUMP owner. 

What the future holds for this meme coin is hard to predict. But if no rug pull; occurs, a coin backed by the Trump Organization and Elon Musk could have some potentially high value in the future or at least during Trump’s next four years in the Oval Office. 

Why Crypto? 

If you’re not aligned with what digital currencies in general bring to the table, there’s plenty of appliances throughout many industries. While Trump’s meme coin provides a few reasons to fear digital currencies, their appliance in online gambling, and many other industries paints a different picture. 

It’s been a while since we accepted digital currencies for what they are – a safe, fast, and transparent way of making financial transactions. One of the first industries that has fully embraced cryptocurrencies is the online gambling industry. It wasn’t long until crypto started taking over. With every passing day we have more and more crypto casinos and different other establishments using digital currencies as the first way of conducting payments. It’s no longer a trend; it’s here to stay. There’s plenty of benefits from using digital currencies in online payments for both the retailers and the customers.  

With acceptance of digital currencies from both sides crypto was quick to start changing the landscape that functioned the same way for a long time. In no time traditional banking systems were no longer the leaders in the domain of online payments. Many platforms have adopted crypto, while others function solely on it.  No one should wonder why things are like this, as after all, digital currencies were quick to offer a faster, safer, more exciting, and a decentralised alternative to traditional banking.   

There are many ways crypto wagers have changed the landscape of finances and economy in general, even influencing the biggest sports events such as the Super Bowl and major financial outlets such as Wall Street. Let’s check out some of the main ones together. 

A Global Market

Only a few years ago, every person was tied to making financial transactions almost exclusively locally. International payments came with plenty of regional laws, rules, and legislations, while the banking services were not at the highest level. All of that changed with the introduction of digital currencies. Today, when you want to make a payment via crypto you immediately gain access to a global financial market. With cryptocurrencies there are no borders, and the possibilities in terms of payments are almost limitless. 

Blockchain vs. Tradition 

Unlike most traditional banks, and we’re talking all forms of banks and payment processors, and some less advanced online transactional establishments, digital currency exchanges rely fully on modern technology. They come with user-friendly surroundings and seamless user experience. Transparency, security, and even data integrity are guaranteed by the blockchain which is not something most regular banks can fully vouch for. With a safe and secure system put in place (which wasn’t the case in the past) and fairness guaranteed, buyers and sellers at crypto exchanges can make payments confident in their outcomes. 

The Speed of Transactions 

While crypto has plenty of advantages over traditional banking, the speed of transactions just must be the main one.  The speed of both deposits and withdrawals is out of this world, and all the users that have experienced it never want to go back to traditional banking. Most of us remember that back in the day you had to wait for a few days for banks to do the money processing before you could make a payment or receive funds. These days are long gone. Even banks nowadays offer faster transactions than they used to, but they still can’t compare to digital currencies. 

As you can see, crypto can be trusted. It comes with plenty of benefits. But, for now, be patient with $TRUMP as we can’t tell how it will play out. Trump will be wary that he doesn’t corrupt his reputation, but if the money hunger takes over, many investors could be left out in the open.