grum just launched the meme coin and it is going absolutely nuts I mean it's currently sitting around $24 billion in market cap it's the fourth largest meme coin out of all the mem coins out there and it only launched a couple hours ago so in this quick video I will be making on this channel I will give my full breakdown about what I think about this project should you be buying it and yeah basically what the takes are so without any further Ado let me quickly dive into starts this right now here because there's a

lot to discuss about this exact project so approximately 7 hours ago he launched his coin he tweeted about it many people first thought he was hacked but since he also posted this on through social yeah it basically gives us the confirmation this is not a heck and this is actually his project so straight away I personally went towards the website to check it out I mean this coin is currently absolutely exploding it's only going up and just moments ago it got a lot of listings so the major changes out there like Mexi bybit etc etc

they all listed this project so if you personally want to be trading it I'm going to be doing my deep dive in towards it myself here later about what my real opinion is and should you really get it but if you want to be trading it there's a link in the description to this page where you can basically check it out yourself because yeah there is a lot of volatility and where volatility is usually where money is made but really my real opinion about this project honestly guys um I found it quite weird because literally

in two days he's going into office and just before that he is launching this project he is not necessarily launching it himself of course he've got he's got a team for it but yeah if we're just looking at the tokenomics right now of this mem coin it is actually quite odd here because if I'm going to be doing a deep dive guys basically right now 20% is available to purchase on the market 10% of these coins of the total coins went into the liquidity pool the other 10% was for public distribution and the other 80%

is going towards the Trump group the people that invested in this project and uh yeah since it's a memec coin there's not really going to be huge utility or there's going to be not huge amounts of development so basically these 80% which will be vested in the coming 36 months will be most likely dumped and that will be basically diluting the price by 500% in the upcoming 36 months here so well indeed it's a major High break now here I am also personally going to be protecting my portfolio and maybe of course this is going

to be exploding Way Beyond where we're currently sitting and I'm very much aware it could definitely do so I saw it around $8 I bought like a few of it just for fun because I saw of course he posted it on Trove social and also on Twitter so I knew it was not necessarily a scam so I'm holding a little bit of it but please if you're seeing this right now the chances that you are actually going to be losing money with this are far bigger then you actually are going to be making money since

it's already sitting around $5 billion in market cap and you have to understand it pushed up over 35x in only the last seven hours and with the upcoming years like especially if you're going to hold this for like a year or maybe even three months I personally think you will definitely make a loss because the market is going to be so diluted and if you're going to be holding it for longer than that then you're guaranteed to potentially lose all your money I mean of course never say guaranteed but yeah there is a very big

chance this thing is likely going to dump quite heavily in price that is just my realistic forecast so yeah this is just a quick video I'm making out of protection of my followers and out of protection for everyone out there because I do understand uh yeah if you just look at coin gecko the biggest gainer is of course official trumpcoin if you're going to be looking at categories and if you're then going to be looking at meme coins which is currently sitting at p21 and you're going to be looking at the top four meme coins

Trump is already on number four so this is quite interesting to to see actually and maybe it's even going to be overtaking Pepe in the end of the day this is allowing a lot of liquidity to flow in towards the market but also like you can see the major altcoins meme coins are basically going down in value and the money is basically flowing right now in towards that trumpcoin so basically it's sucking up all the liquidity in the market and eventually it's probably going to be moving back here so yeah very interesting on what is

going to be eventually playing out with this here but currently clearly since not the entire Market is pumping but only Trump coin and most of the coins are coming down here it is currently sucking up all the liquidity and like you can see um you can't see it right now here but there's $472 million in liquidity in this project right now here and with most big exchanges listing it right now here it could be creating some major amounts of volatility so yeah I just want to warn everyone out there who just sees this coin and

think okay I'm going to ape in towards it I'm going to put my life savings in it it's going to be quite risky if you would ask me here so yeah make sure to do your own research I will leave a link towards the trading page below here on bybit if you're interested to check it out check it out yourself but B wared there's going to be major major inflation dilution of the project since there is literally 80% of the tokens going to get released in the upcoming period and we don't even know who these

people are is just the cic digital group and yeah this is happening in three months in three months we're going to see like um 10% of the tokens once again getting unlocked here and yeah literally in 36 months from now on all the tokens will be unlocked and this is going to create massive amounts of sell pressure it is a big hype right now here but I don't think it's going to be sustaining I don't think it's going to be staying around so strong for for long but uh yeah this was the emergency update video

about this project right now here please subscribe to the channel slap that like button and see you guys on the next one peace out goodbye