Trump Coin Accused Of 100% Grift, Says YouTuber Coffeezilla

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	48,083,922,237	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

48,083,922,237

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0001	0.03%	0.32893	0.32887	0.32893

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0001

0.03%

0.32893

0.32887

0.32893

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.33222	0.32656	0.32791	0.32875	0.077260 - 0.484640

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.33222

0.32656

0.32791

0.32875

0.077260 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:47:01	886.30	0.32893	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:47:01

886.30

0.32893

USD

Price x Volume	Volume	Base Symbol	Related Pairs
12,788,491.37	38,822,136.83	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

12,788,491.37

38,822,136.83

Trump Coin Accused Of 100% Grift, Says YouTuber Coffeezilla

19/01/2025 1:30pm

NEWSBTC

The latest meme coin launch by incoming US President Donald Trump seems to have upset the cryptocurrency industry with some speculators labeling it a scam. One of them, Coffeezilla, a YouTuber popular for exposing shady dealings, has alerted people in view of their concerns that insiders get 80% of this TRUMP coin supply, which means only a tiny fraction is available to the public, which could lead to a market manipulation scenario. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 According to Coffeezilla, this structure shows the project as more of a “grift” than a legitimate crypto venture. Insiders Control The Majority One major red flag is the concentration of 80% of Trump Coin’s total supply. This disproportionate allocation means that a select group of people, likely developers or influencers involved with the coin, could control the vast majority of the token’s value. For the general public, this spells trouble, as the market could be easily manipulated by those holding most of the tokens. Red Flags Concerning Transparency But given the fast-speed promotion, issues of transparency revolve around actual utility. The notion that a meme coin would carry significant weight in the market is unsettling for some analysts, especially when it lacks clear backing or innovation. While Trump Coin has been verified on the Phantom Wallet, critics argue that this doesn’t necessarily mean it’s a safe investment. My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025 The project has been criticized for possibly taking advantage of its investors. Coffeezilla’s criticism focuses on the fact that such ventures usually take advantage of the excitement and hype of popular figures such as billionaire Donald Trump, making it easier to encourage people to invest in tokens of little value. Critics argue that this is more about making fast money for the insiders rather than creating long-term value for the crypto community. Potential Impact On Crypto Reputation Attention given to Trump Coin may also mark a stain to the crypto sector. Projects like this, which focus on short-term gains, often deter new investors from taking the crypto market seriously. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days Furthermore, the whole launch may grab the attention of regulators, given that they’re keeping a close eye on meme coins more closely than ever. It seems that this new venture will set off controversy and debate in a digital currency landscape already inflamed by volatility and other related factors. Coffeezilla is well-known for his stinging exposés of purported cryptocurrency scams, such as Andrew Tate and Hawk Tuah Girl. Featured image from AP, chart from TradingView

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