Update On My CDOGE

Few weeks ago before the trump’s inauguration I talked about purchasing a memecoin called CDOGE which is the Elon Musk government position. Before the election I got the token and made some profit, which I took but decided to buy it back since Donald Trump won, this means that we will be seeing Elon Musk in office soon. Few days before the inauguration I bought about $70 worth of CDOGE, and I watched it pump to $190. In my opinion that wasn’t enough to take profit yet because I have watched other memecoin do better.

I left it till after the inauguration hoping that Trump will make an official announcement, he didn’t. I have also watched the devs of CDOGE work so hard to bring organic traders and holders into their platform through actively posting on Twitter. They are over 1,000 holders of CDOGE, and the trading activity is very low. I don’t think at this point I have any hope, since real public figures can just wake up and launch their own token like Trump did. What if Elon Musk wakes up one day and launches CDOGE himself, what will happen to this current one?

I guess I will count it as a loss and leave it in my wallet till it rides to 0 if it ever rides to 0.