Home > Quick > Body

Bernstein: Tokens directly tied to the president may last longer than most

clock
2025-01-22 11:41:26
Bernstein analyst Gautam Chhugani said that insiders holding $Trump tokens could distribute these supplies, causing unsuspecting investors to incur losses, as has happened in the past with Trump-related assets, especially when the stock of Trump Media & Technology Group, the parent company of Truth Social, fluctuates.
Gautam Chhugani added that the 80% supply held by insiders does put some pressure on the token, considering how quickly its market cap has skyrocketed. But a token directly tied to the president may be more durable than most, but its ownership structure may reduce its appeal. In this case, a meme coin that exploits Trump's brand effect and political image has some durability, but since 80% of the internal supply is provided by Trump affiliates, its longevity will depend on the potential token design. (BusinessInsider)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.