The "Trump Effect" rocks Venezuela after the U.S. President's January 3 announcement of Nicolás Maduro's capture, sparking panic in crypto markets.
Initial Panic and Peak
USDT surged from ~570 VES to 940 VES in hours, serving as a refuge amid geopolitical uncertainty and U.S. pressures . Massive P2P buys on Binance tripled the "Binance rate" over the official one.
Brutal Drop and Correction
The price corrected 27%, stabilizing at ~580 VES (now ~560 VES), easing panic but leaving a 75% gap with the official rate (330 VES) . The temporary bubble burst due to overextension.
Impact on P2P Trading
P2P volume surges (equivalent to 40% of GDP), but extreme volatility stalls daily trades . Risks: . Informal commerce faces wild prices and low trust; post-stabilization rebound possible . Traders, gear up! 💰🔥 #USDT #TrumpVENEZUELA #BinanceP2P #Write2Earn