Why have almost all celebrity coins failed so far?
Because the costs are too high.
Running a team costs money.
Hiring celebrities for endorsements costs money.
Hiring KOLs for promotion costs money.
Adding liquidity costs money.
Listing on exchanges costs money.
After deducting these costs, what's left is the profit.
What is left for the retail investors? Almost impossible to make money.
Because celebrity coins inherently have no meaning or value.
Treating celebrity coins as a gamble is a very low cost-performance ratio.
The costs are too high, making it almost impossible to have a winning chance.
Let's take a look at how Trump has been navigating the crypto world in his first three months in office:
First, he launched his own token $Trump.
Then, his wife issued a token #MELANIA.
Next, he developed a DeFi protocol $WLFI.
He also launched a stablecoin $USD1.
His son even invested in a mining company @Hut8Corp.
Wow, it looks like they're gearing up to create a 'Trump Reserve'!
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