[Block Rhythm] Recently, something quite interesting has happened in the market — assets related to the new U.S. president are undergoing a collective plummet.
Let's talk about the stock DJT. Since Trump took office, the stock price has evaporated by 75%. Even worse are the digital meme coins named after him and Melania, which have plummeted drastically: Trump Coin has fallen by 86% since the inauguration, and Melania Coin has nearly gone to zero, down 99%. Even the crypto project World Liberty Financial launched by the Trump family in September hasn't escaped, dropping by about 40%.
This wave of decline is actually not an isolated event. The entire market of high valuations and high speculation is undergoing a correction - whether it is Bitcoin or those AI concept leaders like CoreWeave, none of them have been able to escape.
It's quite ironic to say. At first, everyone thought the new government would relax regulations, cut taxes, and support cryptocurrencies, so they crazily bet that these assets would continue to rise. What happened? As soon as Trump's global trade policy came out, it directly disrupted everyone's plans. Investors are now starting to calm down and seriously examine the real performance of these companies, rather than just fixating on political prospects.
Data speaks volumes: DJT's price-to-sales ratio is as high as 1240 times! The Trump family's crypto businesses, such as World Liberty Financial and American Bitcoin, have also been severely impacted by the recent plummet in cryptocurrency.
However, that being said, this is not just a problem with Trump's assets. The entire meme speculation craze is cooling off. Nick Giorgi, the chief equity strategist at Alpine Macro, put it aptly: “This is a healthy pullback after a speculative frenzy.” He pointed out that the indices tracking meme stocks, retail favorites, loss-making tech stocks, and momentum stocks have all seen significant declines over the past month.
The speculative sentiment in the market has indeed cooled significantly.
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NFTDreamer
· 12-01 02:50
Haha, this is the outcome of hype, in the end, everyone has to return to reality.
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ForkItAllDay
· 12-01 02:48
Did Melania coin fall too? Laughing to death, this is the outcome of betting on politics.
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TheShibaWhisperer
· 12-01 02:41
Bro, this wave of Trump concept is really playing people for suckers, Melania coin just got rug pulled.
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ProofOfNothing
· 12-01 02:22
Haha Melania Coin, how did they come up with this name... Cryptocurrency trading people really dare to play.
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RektButSmiling
· 12-01 02:21
Haha, another wave of suckers has woken up, this time it's the turn of the Trump concept coin.
Melania coin? Laughing to death, is there really someone who believes in this thing?
It should be dumped, it's better than being trapped at a high position.
Waking up to find out that you've become a sidekick in a political coin, isn't it painful? I feel for you.
Good fall, let those pure speculators run away, the market will be fresh and clean.
What healthy adjustment are you talking about? It's just the bubble bursting.
I said a long time ago that this wave of hype wouldn't last long, now you all see it, right?
This is normal price discovery, what the hell was that before?
DJT has gone from a hot topic to a laughing stock, that was fast.
Wait, will there be another rebound this time? I feel a bit restless watching.
Pullback? Isn't that just dumping? Don't give it such a nice name.
Political expectations are replaced with performance, investors are finally using their brains.
Trump concept assets collectively big dump: from DJT to the speculation retreat of memes.
[Block Rhythm] Recently, something quite interesting has happened in the market — assets related to the new U.S. president are undergoing a collective plummet.
Let's talk about the stock DJT. Since Trump took office, the stock price has evaporated by 75%. Even worse are the digital meme coins named after him and Melania, which have plummeted drastically: Trump Coin has fallen by 86% since the inauguration, and Melania Coin has nearly gone to zero, down 99%. Even the crypto project World Liberty Financial launched by the Trump family in September hasn't escaped, dropping by about 40%.
This wave of decline is actually not an isolated event. The entire market of high valuations and high speculation is undergoing a correction - whether it is Bitcoin or those AI concept leaders like CoreWeave, none of them have been able to escape.
It's quite ironic to say. At first, everyone thought the new government would relax regulations, cut taxes, and support cryptocurrencies, so they crazily bet that these assets would continue to rise. What happened? As soon as Trump's global trade policy came out, it directly disrupted everyone's plans. Investors are now starting to calm down and seriously examine the real performance of these companies, rather than just fixating on political prospects.
Data speaks volumes: DJT's price-to-sales ratio is as high as 1240 times! The Trump family's crypto businesses, such as World Liberty Financial and American Bitcoin, have also been severely impacted by the recent plummet in cryptocurrency.
However, that being said, this is not just a problem with Trump's assets. The entire meme speculation craze is cooling off. Nick Giorgi, the chief equity strategist at Alpine Macro, put it aptly: “This is a healthy pullback after a speculative frenzy.” He pointed out that the indices tracking meme stocks, retail favorites, loss-making tech stocks, and momentum stocks have all seen significant declines over the past month.
The speculative sentiment in the market has indeed cooled significantly.