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Market Manipulation Risk: The concentration of holdings in the top 1,000 addresses could signal a high risk of market manipulation, with the potential for large whales to move prices drastically. This is something smaller investors should be cautious about, as large players can exit quickly, triggering significant sell-offs.
2. FOMO and Speculation: As you noted, the price surge and subsequent correction highlight the role of FOMO (Fear of Missing Out) and speculative behavior. These are often short-lived, and the volatility could see continued price swings as traders react to news and market sentiment, especially given the token's novelty tied to Donald Trump's name.
3. Future Considerations: The TRUMP token could face regulatory scrutiny given its ties to a high-profile political figure. If any formal issues arise regarding its legitimacy or compliance, it could affect its long-term stability and adoption.#DeFi Tokens Surge: What’s Next?