Over the last 24 hours meme tokens TRUMP and MELANIA experienced significant declines: TRUMP collapsed by 42% and trading volumes fell by more than 50%. MELANIA suffered even more, losing 65%.

Social networks are flooded with posts from traders complaining of multimillion-dollar losses. With each price drop, there are more and more stories about lost money - so you don’t think that everyone around you suddenly made money on TrumpoCoins, except you.

Risks of trading meme tokens include:

• Fraud: Fraudsters create false popularity, manipulate liquidity and attract investors by promising high returns.
• Market instability: meme tokens are characterized by high volatility, which makes them risky to trade.
• Lack of Transparency: Many meme tokens have little or no transparency regarding the team, code, and project activities.
• Liquidity manipulation: Fraudsters may use bots and unethical services to artificially increase trading volumes and create the appearance of activity.
• Rapid growth and disappearance: Meme tokens often appear and disappear quickly, making long-term investing difficult.

To reduce risks, it is recommended to conduct your own research, analyze the distribution of wallets, study the team and project code, and also pay attention to the activity of the community and the transparency of the project.