Memecoins such as Trump-related MAGA (TRUMP) have collectively plummeted in recent days, with single-day losses generally exceeding 30%. At the same time, U.S. politicians represented by Democratic congressmen publicly accused these projects of being "scams" and "political corruption," saying they used Trump's fame to mislead investors into speculation.

The matter is critical because it once again puts cryptocurrencies in the political spotlight ahead of the U.S. election. This is not only a market fluctuation, but also a political accusation that may affect the future regulatory stance of the United States on Memecoin and even the entire crypto market. Election concept coins are evolving from mere community speculation to high-risk political and economic events.

For retail investors, this is undoubtedly a wake-up call. The price of this type of token, which is highly dependent on celebrity popularity, is deeply tied to political speech and legal risks, and its volatility far exceeds that of mainstream assets. When chasing hot spots, be sure to recognize their purely speculative nature and never misjudge short-term speculation as value investment. No matter which exchange you operate on, controlling positions and managing risks are the top priorities. Smart trading starts with cost savings. On the CoinRebate price comparison platform, you can compare the rates of major exchanges with one click, which may leave you with more "ammunition."

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This article was edited by CoinRebate AI, data source: CoinTelegraph

Trump’s Concept Coin Flash Crash Across the Board, U.S. Political Circles Denounced It as a “Scam”