When Donald Trump cut in the same month last month, he sparked an imitators valve on the cryptocurrency market. With the entry of the American president re-elected to the cryptocurrency market, there was a spectacular increase in the number of opportunistic token.
According to a Financial Times report, more than 700 imitators have launched their currencies in three weeks. A network of tangled tokens, from daring to the ridiculous, landed in Trump’s digital portfolio, leaving disconcerted investors.
Copycates and confusion: The name in crypto
The figures paint a surprising table of opportunism in action. Among the 736 different even analyzed, 192 cheekyly incorporated the Trump family name, 167 being direct copies.
The audacia does not stop there – 67 tokens slapped the word “official” on their behalf, despite no connection with the president. Some creators have even gone to the decline in the names of the names of Trump children, with 30 tokens featuring the name of Barron, 26 referring to Ivanka and 10 mentioning Eric, FT revealed.
Trump Coin: Figures behind digital deception
In the misty world of cryptocurrency trading, looks can be deceived. The official “Barron Trump” play is an example; Although its potential value, based on its latest transaction price, $ 6 billion amazing dollars, the reality is much less impressive.
Trump’s same inspires the wave of copies
– Financial Times (@ft) February 7, 2025
Since January 21, there has been no negotiation activity on cryptocurrency, and its largest transaction was only about $ 240. The significant difference between paper assessments and actual liquidity serves as a warning on speculation of these investments.
Scale and speed: a new challenge for cryptocurrency exchanges
This cryptocurrency gold rush occurs at an unprecedented rate. Trump’s first imitation of the same surfaced within 30 minutes of its initial beginnings.
This rapid rhythm has not slowed down; Even big companies like Coinbase find it difficult to follow the creation of new tokens. Brian Armstrong, CEO of the exchange, revealed that around 1 million new tokens are created each week, which makes the individual evaluation of each token “more possible”.
Experts sound the alarm on market manipulation
Market supervisory dogs and financial experts have severely criticized the scenario. According to Brookings Institution analyst, Eswar Prasad, of Trump, “opened the valves to deception”.
The complex methods in which these tokens can be manipulated are more worrying than the number of counterfeit parts. A case that has raised concerns about any market manipulation tactics was when a merchant bought $ 100,000 from a counterfeit “Trump” room, only to sell all of the detention 12 seconds later.
It is now very difficult for regular buyers to differentiate between counterfeits and real ones on the current market. The difference between innovation and making the most of the current resources is increasingly clear as the rush towards digital currency continues. This raises concerns about long-term impact on cryptocurrency markets and investor security.
David Hume Kennerly / Getty Images star image, TradingView graphic
