SolanaShort
The Solana "$Trump Pump" on its way to the Solana "$Trump Dump."
Since the Friday launch of the official Trump Meme Coin, both Trump and Solana are literally "to the moon" in just a few hours. All I can say is with the inauguration just 48 hours away, this will be the most epic pump and dump in the history of Crypto. I'm sitting this one out. No telling whats going to happen, but its going to be fast and brutal whenever it hits.
A telling post from Coinbase Support on Reddit:
Poster: "How to cash out Trump coin from Coinbase wallet? It's giving 20k dollars to 2k when you swwp it to USD. "
Support: "Hi xxxxxxxxxxx, we're sorry to hear about the significant value difference when trying to cash out Trump Coin from Coinbase Wallet. Verify that there is sufficient liquidity for Trump Coin. Low liquidity often results in a wide gap between the token’s nominal value and the actual cash-out value. Instead of swapping the entire amount at once, consider breaking the transaction into smaller amounts. This can sometimes minimize slippage and get you a better overall rate.
If the problem persists, please contact our support team through the Coinbase Help Center for more detailed assistance."
Maybe there is a "safe" proxie trade on this, but I haven't found it yet.
Sit back and enjoy the show.
A telling post from Coinbase Support on Reddit:
Poster: "How to cash out Trump coin from Coinbase wallet? It's giving 20k dollars to 2k when you swwp it to USD. "
Support: "Hi xxxxxxxxxxx, we're sorry to hear about the significant value difference when trying to cash out Trump Coin from Coinbase Wallet. Verify that there is sufficient liquidity for Trump Coin. Low liquidity often results in a wide gap between the token’s nominal value and the actual cash-out value. Instead of swapping the entire amount at once, consider breaking the transaction into smaller amounts. This can sometimes minimize slippage and get you a better overall rate.
If the problem persists, please contact our support team through the Coinbase Help Center for more detailed assistance."
Maybe there is a "safe" proxie trade on this, but I haven't found it yet.
Sit back and enjoy the show.
Note
Looks like the Dumping TM has begun. Solana has already dropped from $295 to $272 in just a couple of hours, and the other major Alt Coins pumped to a sell zone and are not printing pretty nasty selling wicks. Bitcoin also tried to punch up through resistance and was rejected, but is currently fighting the sell off. For how long we will see.
Hope you all were not in long positions at close to an ATH.
Note
Looks like Trump dropped from $75 to $34 in just 45 min and printed a double top on the 15 min chart. I was expecting them to wait until Monday for the drop, but it looks like it might be happening now. BTC and Solana have dropped a bit. Alts are also retracing their gains from earlier today. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.