Trump's new meme coin $TRUMP is not worth the hype for several reasons, as analyzed below:

High Speculation and Volatility

• Nature of Meme Coins: Meme coins, including $TRUMP, are digital currencies without actual value support. Their prices are entirely driven by market consensus and social media popularity. This makes them highly speculative and volatile.
• Price Fluctuations: The price of $TRUMPsurgedfromcentstoover$20 or even $30-plus within a short period after its launch, but such rapid fluctuations are not sustainable. The coin's value can plummet as quickly as it rises, leading to significant losses for investors.

Concerns About Legitimacy and Morality

• Lack of Transparency: Questions have been raised about the legitimacy of $TRUMP and its actual association with Trump. Although Trump has promoted the coin on his social media platforms, concerns remain about whether it is a legitimate investment opportunity or just a publicity stunt.
• Moral Issues: Trump's launch of $TRUMP, a new commercial product, as a president-elect is highly unusual and has raised ethical concerns. Critics argue that it may violate the tradition of presidents-elect distancing themselves from personal financial affairs to avoid perceptions of conflict of interest.

Concentrated Ownership and Potential Manipulation

• Controlled Supply: A significant portion (80%) of $TRUMP's supply is controlled by Trump-affiliated companies. This concentrated ownership structure raises concerns about potential market manipulation and unfairness to ordinary investors.
• Risk of Manipulation: With such a large portion of the supply under the control of a few entities, there is a risk that these entities could manipulate the market to their advantage, causing losses for unsuspecting investors.

Potential Negative Impact on the Cryptocurrency Industry

• Trust Issues: Trump's previous negative comments about cryptocurrencies and his sudden shift to promoting them have caused some in the industry to question his motives and the potential negative impact on public trust in cryptocurrencies.
• Regulatory Concerns: Trump's plans to reduce regulatory burdens on cryptocurrency companies and establish a national Bitcoin reserve could also raise concerns about potential regulatory arbitrage and market distortions.

Conclusion

While $TRUMP has generated significant buzz and media attention, its high speculation, volatility, concerns about legitimacy and morality, concentrated ownership, and potential negative impact on the cryptocurrency industry make it a risky investment. Therefore, it is not worth the hype, and investors should approach it with caution and thorough research before making any investment decisions.