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Donald Trump’s pastor promoted a fraudulent cryptocurrency that collapsed by 100%
Note: not investment advice!
The American pastor Lorenzo Sewell, who read a prayer at the inauguration of the new US President Donald Trump, created a cryptocurrency that promised to be a new breakthrough in the world of meme coins. However, the value of the token fell by almost 100% in a short time, causing significant losses to investors. This is reported by DL News.
The project was launched with the idea of uniting crypto enthusiasts around common values. The pastor emphasized that the token is a «unique opportunity for the community.» However, the lack of real support, a weak development strategy, and excessive dependence on speculative demand quickly turned it into another example of a cryptocurrency failure.
Critics point out that the project had signs of hype: an aggressive advertising campaign, promises of quick enrichment, and an emphasis on emotional appeals instead of real economic justifications. As a result, investors who bought the token at the start suffered significant losses, and the value of the meme-coin dropped to almost zero.
This situation once again demonstrates the importance of a cautious approach to investing in meme coins, which often have no real value or development prospects. Experts urge to carefully study cryptocurrency projects before investing and be prepared for the risks inherent in the digital asset market.
The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!