The TRUMP token’s implosion is more than a simple market correction. That’s a hardly surprising result of chasing temporary digital carbons rather than adhering to established investment best practices. This wasn’t disruption, it was bad faith, pure and simple.
Speculation Undermines Sound Money?
How can we hope to have a stable financial future when we’re frittering it away on digital tokens founded on memes. This isn’t investing – it’s gambling wrapped up in blockchain jargon. The 90% drop from that initial peak of $73.43 down to today’s price of $7.46-$7.83 is especially concerning. This extreme reduction is a flashing red-light warning against doing a 180 and giving up on fiscal conservatism. We are not referring to a real estate scheme here, we’re speaking of a cryptokitty that at its maximum had theoretical worth. Sure, it produced $350M for creators, but at what cost?
This isn’t an anti-crypto screed, though identifying the line between good innovation and bad speculation is critical to developing a balanced approach. Real innovation builds something of lasting value. Memecoins build hype. Hype that always, inevitably crushes, leaving the average investors holding the bag. Chainalysis estimates that more than 800,000 wallets were emptied by a total of $2 billion shortly after the token’s launch. Think about that for a second. That’s real money that could have actually been invested into real companies, into real communities, into really building that future.
Get-Rich-Quick Schemes Corrode Values?
The promise of get-rich-quick schemes is a siren song that’s led countless individuals to their fiscal demise. The meteoric rise and subsequent crash of the TRUMP token is a near-perfect example of this. It takes advantage of our human need for immediate results. This ambition fundamentally undermines the most cherished of all conservative principles—hard work, discipline, and deferment of gratification.
This isn’t only a matter of dollars and cents. It’s a matter of character. At the same time, our society idolizes people who strike it rich quickly with speculative bubbles. It disrespects the dignity of the work by everyone who creates a business, generates jobs and wealth, and serves their communities through honest toil. It creates a severe moral hazard, enticing reckless risk-taking and eroding the very pillars of a stable economy.
Take for example the next scheduled token unlock event on April 18th, when 40 million tokens—20% of today’s circulating supply—will be released into the market. This surge of new tokens, controlled by "Creators and CIC Digital LLC," is a recipe for further volatility and potential manipulation. Why is it acceptable to expose retail investors to this level of volatility?
Responsible Investing, an Old-Fashioned Idea?
Let's be clear: there's a vast difference between investing in a well-run company with a proven track record and throwing money at a token whose value is based solely on internet hype. Patience is key. Stocks, bonds and real estate won’t turn you into a millionaire overnight. They provide a far more stable, predictable, and achievable way to reach long-term financial security. They depict ownership in real-world assets, not imaginary digital vaporware.
Specifically, CIC Digital LLC, an affiliate of The Trump Organization, exerts a controlling interest over 82% of the TRUMP token supply. In tandem with Funkhouse Productions, they control 80% of it. The MarketWatch story was instrumental in ensuring that CIC Digital was placed in a trust. This had happened by the time Trump filed his financial disclosures for 2024.
That’s not to say there isn’t a legitimate use case for all cryptocurrencies. Rather, doing your due diligence should be at the top of your list. Understand what you're investing in. Question the hype. Perhaps most importantly, if it sounds too good to be true, it is.
TRUMP token’s 90% crash is a Better luck next time It’s a lesson learned with great cost The painful reminder that speculative foolishness never fails to crash the party Let’s reforge our commitment to the principles of fiscal responsibility, sound money and long-term planning. Let’s not financialize our future, let’s build a foundation of real value, not fake fortune. We need to pick caution over the ephemeral charm of immediate wealth. It's time to get back to basics.
