Everything Trump touches dies. Only the dude who bankrupted a casino can bankrupt a crypto fund. Trump supporters lose $12bn as president’s cryptocurrency coin collapses Donald Trump’s supporters have lost more than $12bn (£9.5bn) in a month after the value of the president’s cryptocurrency collapsed. $Trump, a so-called “meme coin” unveiled on Jan 17, three days before Mr Trump’s inauguration, has lost more than 80pc of its value since its peak on Jan 19. This has led to its overall worth falling from a peak of $15bn to $2.7bn on Thursday, as it suffered amid a wider crypto rout. An official Melania Trump meme coin promoted by the First Lady has fared even worse, dropping 94pc since Jan 20.
That’s fine with me. If people can’t figure out they are marks so be it. To the extent they lose their money it’s economic Darwinism.
Let's be honest here. Most of this money was not a loss to investors. Sure there are probably some dumb MAGAs that jumped on the bandwagon that lost, but this was just a transfer of funds from big money investors, foreign or domestic, directly to Trump and family. Call it what it is, bribes. No different than his DJT company that operates at a loss and produces nothing, yet has a 5billion+ market cap (it was like 17billion at the peak). This was the epitome of working as intended.
This has always had the set-up of a "rug pull" ... which if you don't know is a crypto scam where the creator holds back almost all the initial coins to make it scarce and drive up the price, then dumps it all one day to cash out the rest. This is a total Supply of 1 billion coins, with 200 million in circulation. That means Trump or someone else is holding 80% of the coins. You'd have to be beyond dumb to think this was a great investment opportunity.
I honestly hope he does it again and again until all those simps are bankrupted and need the very social safety nets that President Two-Left Feet is cutting.
Same. Personally, I've been saving up while I wait for Bannon Coin. That's the one I think will be the most valuable, because ... ... umm ... Bannon.
Come on now! You are being a bit dishonest here. The DTJ company does produce, specifically graft and corruption
It’s all a scam A crypto mogul who invested millions into Trump coins is getting a reprieve on civil fraud charges | CNN Business New YorkCNN — A businessman who pumped $75 million into the Trump family-backed crypto token finds himself in a fortunate position this week as federal securities regulators are hitting pause on their civil fraud case against him. On Wednesday, lawyers for the Securities and Exchange Commission and Justin Sun, a 34-year-old Chinese crypto entrepreneur, asked a federal judge to put the agency’s case on hold, citing the interests of both sides and “the public’s interest.”
so he paid trump to have the charges dropped.. the corruption is blatant. MAGA - you okay with this? hopefully this is another one where ajudge refuses to allow it
They're OK with it. They don't care about crimes committed by their political hero. Some will scroll through the thread, read it and not comment ....... and then go on with their lives pretending that they don't endorse and enable blatant criminality. It's fascinating, really.
