🔭Why are meme coins collapsing and breaking lows unlike other currencies in the past period, with liquidity leaving them significantly compared to previous cycles, especially after Trump's inauguration.
🧵Over the past years, governments, the Securities and Exchange Commission, the Federal Reserve, and the global financial system have been fighting cryptocurrencies by filing lawsuits against projects and platforms, falsely claiming they are securities. Therefore, major speculators, whales, and platform owners turned to meme coins without projects to avoid litigation and accountability, pouring their money into them and spending with assurance.
🐳But now, after Trump's inauguration, the scene has changed significantly, and the new administration has shown leniency towards cryptocurrencies, with some agencies starting to backtrack on their positions. This has opened the door for major institutions and projects to enter the market legally and safely, while speculators and platform owners have shifted their focus away from meme coins and started moving towards Ethereum and cryptocurrencies associated with strong projects.
🔭Why are meme coins collapsing and breaking bottoms unlike other currencies in the past period and liquidity coming out of them in a big way unlike past cycles, especially after Trump's inauguration
🧵During the past years, governments, the Securities and Exchange Commission, the Federal Reserve, and the global financial system were fighting currencies by filing lawsuits against projects and platforms falsely claiming that they were financial papers, so major speculators, whales, and platform owners turned to meme coins without projects in order to stay away from cases and accountability and pump their money into them and spend and be reassured
🐳But now after Trump's inauguration, the scene has changed significantly and the new administration has shown leniency towards currencies and some agencies have begun to back down from their positions.. This opened the door for major institutions and projects to enter the market in a legal and safe manner, and speculators and platform owners have turned away from meme coins and started moving towards ether and currencies Associated with strong projects
🔥 All markets are waiting for Trump's decision early next week without specifying an exact day. And everyone is afraid of his tariff decisions. That's why cryptocurrencies went down and I think they won't rise before knowing those very important decisions
🔥 This is what Donald Trump said
🔥 Trump said he plans to announce the full details at a press conference early in the week, most likely on Monday or Tuesday. "We will be treated equally, no more, no less," he told reporters from the Oval Office. He didn't specify which countries would be affected or the exact rates, but the warning is broad enough to send America's trading partners into a tailspin.
🔥 "I think this is the only fair way to do it. This way, no one gets hurt. They're imposing tariffs on us. We're imposing tariffs on them. It's the same thing. I seem to be heading in that direction instead of a flat tariff,"
🔥 President Donald Trump has ignited a global trade war. It could affect many economies. And it could also raise inflation in America;
🔥 Jerome Powell, Chairman of the US Federal Reserve, is also afraid of his reckless policy and does not want a clash with Trump, especially since he previously threatened to remove him from office, although this is not included in the president's actions.