To anyone considering buying the Trump dip. FDV is $31B putting it at #10 in marketcap. At some point you’re going to get trapped.

I’m not going to tell you if Trump will rebound or of it will bleed towards 0 as insiders slowly offload.

But I will say it’s easy to look at the current marketcap of $6B which is “below lots of other meme coins” and think it has room to grow. But you’re playing against the clock, the circulating supply will be doing a 5x over the next years and if it was fully distributed right now the fully distributed marketcap would still be over $31B and it would be a top ten crypto asset by marketcap.

It might not be this time but at some point you’re going to get trapped. When coins have immediate mass inflation (see Algorand inflating 400% in 2021) it will inevitably create lots and lots of bag holders.