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Misc Crypto trading

truthsocial.com

Truth Social

Truth Social is America's "Big Tent" social media platform that encourages an open, free, and honest global conversation without discriminating on the basis of political ideology.
truthsocial.com truthsocial.com

So, per the above post at 11:33AM EDT, Trump promoted his crypto coin via Truth Social. The price was $10.98 at 11:31AM EDT and skyrocketed to $12.06 at 11:42AM meaning a 10% increase 9 minutes after his post!!

Trump companies supposedly own 800 million of these. If true, that would mean about an $800 million gain in value during that 9 minute period for the Trump companies.

But then it dropped from $12.24 at 12:25PM to $11.38 at 1:46PM, a 7% drop, which isn’t a surprise after a sudden steep gain as folks already owning it take a quick significant profit. This is behaving like a penny stock today.

 
great tweet
I hold several cryptocurrency assets in addition Bitcoin (mainly ETH, with some SOL, XRP, and TRX).
I started investing in ETH years ago and it has appreciated only modestly. I can finally stake ETH again.
Bitcoin is the only cryptocurrency I currently recommend investing.
I strongly feel most cryptocurrencies will eventually fail/lose all value.
 
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