What’s Trending in Crypto Today? From ‘Donald Pump’ to ‘Donald Dump’
Financial markets are facing tough times amid uncertainty over global trade tariff policy changes. Both stocks and crypto have been down since Donald Trump confirmed 25% tariffs on Canada and Mexico, along with a 10% tariff on China.
On this page
In response, these countries are preparing to impose higher taxes. The economic turbulence has wiped out the crypto gains from the previous day, which were driven by the US President’s announcement that his administration is moving forward with strategic crypto reserve plans.
Trump’s impact on crypto is a top discussion in the community today, with analysis of Justin Sun’s purchase of TRUMP coins, along with other topics.
Here are three key discussions about crypto on Twitter/X to check out.
1. Only Took 24 Hours to Go from Donald Pump to Donald Dump: YouTuber Tevis Describes the Market
Tevis (@FunofInvesting on X), an investor and the host of The Fundamentals of Investing Podcast, discussed the recent crypto market movements. Describing Donald Trump’s impact on crypto, he says the market went from “Donald Pump” to “Donald Dump” in 24 hours.
Just a day before, Tevis posted about Bitcoin’s price surging above $91,000. At the time of writing, it has dropped to $83,600. The total crypto market cap has fallen below $3 trillion, and the fear and greed index is heavily tilted toward fear.
2. Taiki Maeda Has Some Questions for Erik Trump
Researcher and trader Taiki Maeda brought up Erik Trump’s post after the announcement of the strategic crypto reserve.
The son of the US president claimed that the announcement on Sunday was a great chance for retail investors since traditional markets were closed, and they could make a profit by jumping in.
In his post, Erik Trump also said traditional markets need to catch up with crypto or risk becoming extinct.
Maeda sarcastically questions Erik Trump about cryptocurrency trading, saying he bought ETH at $2550 based on Erik's tweet and is now close to liquidation. Meanwhile, a group of users argues that leverage trading is risky, and Erik Trump wasn’t really talking about leverage trading.
Right now, Ether is trading around $2,000, down 11% in the last 24 hours.
3. Coffeezilla Finds Connection Between Justin Sun’s $75 Million TRUMP Coin Purchase and Fraud Case Halt
Scam investigator Coffeezilla, who recently conducted a scandalous interview with LIBRA token co-creator Hayden Devis, drew followers' attention to Justin Sun’s $75 million purchase of $TRUMP memecoin.
Sun, a businessman and founder of the TRON invested $75 million in TRUMP coins, and soon after, the US SEC (Securities and Exchange Commission) halted the civil fraud lawsuit against him.
This raises concerns over corruption, although it’s worth mentioning that the regulator recently dropped several crypto-related cases, including those against Kraken and Coinbase, in line with its crypto-friendly approach.
Coffeezilla believes that Justin Sun’s investment in TRUMP coins was not by chance. He also noted that the businessman previously invested in World Library Financial (WLFI), a project backed by Trump and his family members.
In another post, Coffeezilla said, “Best time in history to be a white-collar criminal.”
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
