Last year, 220 cryptocurrency holders poured a total of $148 million into buying coins to boost their rankings, only to have Trump appear at a Virginia golf club for 23 minutes before leaving by helicopter. The price plummeted 16% the following day, and within a week, it had halved significantly. Many are still heavily invested and losing money.
This time, the number of participants has been increased to 297. On the surface, the threshold seems to have been lowered, but in essence, it's still the same old game: using real money to boost rankings and buy the president's private time.
Points are awarded from March 12th to April 10th, and you must continue holding until April 26th, otherwise your VIP level will be downgraded. As soon as the announcement was released, the price of the coin skyrocketed. (Minor detail: there's quite a bit of insider trading involved; the announcement was released at 3 PM, and the price had already risen considerably beforehand.)
The only difference from the previous episode is that this time it was packaged as a business conference and featured 18 superstars to bolster its impact.
But the essence remains the same: using the president's prestige to create scarcity and stimulate retail investors' FOMO (fear of missing out) to buy cryptocurrency.
The objective data speaks for itself: Trump is just a pure meme coin, utterly useless, merely a derivative of Trump's memes and political beliefs.
Before Trump took office last January, it surged to a high of over 70, riding the wave of Trump's election sentiment, with its market capitalization once exceeding $20 billion.
But what about now? The market capitalization is only $2.37 billion, and that's only after the price has already risen so much; the holdings are highly concentrated.
What is the purpose of hosting the dinner party?
In short, it's all about shipping.
Last year, prices surged 60-70% before the banquet, then plummeted after the incident. This time, the announcement caused prices to soar again, a 100% historical repetition rate. Why does history repeat itself even though everyone knows it?
Because of human nature, brothers, that's how open schemes work—they make you know it's a trap, but you still fall into it.
Seeing Trump's personal presence and the fact that the first 297 people could dine with him caused many to momentarily lose their minds. Who wouldn't want to brag about having dined with the president? Who wouldn't want to gamble that this time might be different?
Forgetting past mistakes: After the Trump crash on May 22nd last year, many people suffered huge losses and are still cursing on social media. But cursing aside, a new wave of retail investors is always on the way; the crypto will never lack people.
There are plenty of people who didn't participate last year, or who lost money last year and are now All In in this year.
Large investors/insiders exploit this: they know retail investors experience FOMO (fear of missing out), so every announcement is a perfect opportunity to sell.
And do you really think big players are that stupid? By the time the sentiment level reaches the mid-to-late stages, their short positions have already been closed to lock in profits.
The narrative is too strong: just the fact that he had lunch with Trump is enough.
Therefore, as I write this, I don't recommend that you do it; just look at the pictures for fun.
Let me tell you a few more conspiracy theories.
1. All guests are subject to background checks by the U.S. government, which means the event itself has been officially approved.
The official website clearly states that all 297 participants must pass a background check before entry. While this sounds like sophisticated anti-espionage measures, it essentially amounts to the official endorsement of the event, packaging it as an "officially recognized" crypto extravaganza.
The more legal the activity, the stronger the FOMO (Fear of Missing Out), and the smoother the shipment.
2. Crypto, as a decentralized tool, inherently challenges the hegemony of the US dollar, but the Trump family has turned it into a machine for accumulating wealth.
The family uses shell companies like Fight Fight Fight LLC and gettrumpmemes.com to license the president's IP, collect licensing fees, hold huge amounts of tokens, and manipulate the market by pumping and dumping shares at each event.
Every time the market rallies, the Trump family and related entities are the biggest beneficiaries, holding an alarmingly high percentage of shares and never publicly reducing their holdings on a large scale. Decentralization? What a joke.
3. Wall Street also profits from this, forming a closed loop: presidential halo → MEME pumps the market → foreign capital/retail investors enter → policy support/extended hype → family profits.
There is still space above the Trump, but it's very limited, and the abyss below is bottomless. I believe everyone understands this by now.
Conclusion
The road to crypto is long and arduous.
Past losses are history; what's important is looking to the future and planning rationally. Whether it's optimizing positions, adjusting strategies, or setting reasonable goals, I hope everyone can break free from the current vicious cycle and get back on track!
Contact me via WeChat: Mixm5688 or QQ: 2234099968
