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Flying Squid to [email protected] • 3 months ago

More Than 800K Have Lost $2B on Trump’s Meme Coin

www.thedailybeast.com

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  • cross-posted to:
  • [email protected]
  • [email protected]
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More Than 800K Have Lost $2B on Trump’s Meme Coin

www.thedailybeast.com

Flying Squid to [email protected] • 3 months ago
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  • cross-posted to:
  • [email protected]
  • [email protected]
The token’s price has crashed from $75 to $17.
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  • @[email protected]
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    2•3 months ago

    It is almost like the Orange Turd is a con man. Who could have seen this coming!

  • @[email protected]
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    3•
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    3 months ago

    Oh no. The thing everyone said would happen has happened.

    Btw, only idiots put money in that currency thinking it was an investment. The true purpose of that currency was to disguise bribes.

  • IninewCrow
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    1•3 months ago

    It’s a metaphor for the US economy

  • aviationeast
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    0•3 months ago

    Buy at the dip. (Dip is $0.17)

  • @[email protected]
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    43•3 months ago

    It’s not a pump-n-dump this time. In my opinion, it’s a laundered bribe. The 800k victims were an unintended benefit.

    • @[email protected]
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      14•3 months ago

      It can easily be both.

      • @[email protected]
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        7•3 months ago

        The pump would be the bribe and the dump is them cashing out. Same thing with a bunch of suckers floating the value.

    • @[email protected]
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      23•3 months ago

      Definitely this was a way for offshore third parties to give Trump money. Gotta say this is my least favourite use of crypto, but it is also the most valuable use case (for corrupt politicians).

  • @[email protected]
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    22•3 months ago

    Damn, where did I put that violin. It’s so small, I think I might have lost it…

    • @[email protected]
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      20•3 months ago

      The tardigrade is lending you his.

      • @[email protected]
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        14•3 months ago

        • @[email protected]
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          2•3 months ago

          https://i.imgur.com/ZfXN74B.jpeg

  • @[email protected]
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    63•3 months ago

  • Diplomjodler
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    16•3 months ago

    A fool and his money are easily parted.

    • IninewCrow
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      2•3 months ago

      “It’s easier to fool people than to convince them that they have been fooled.” - Mark Twain

    • Flying SquidOP
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      7•3 months ago

      And yet somehow Elon and Trump are super rich.

      • @[email protected]
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        7•3 months ago

        When you have that much money and power, the only people that fail are the ones at the bottom of your trash heap built on the lies that brought you riches.

        • @[email protected]
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          3•3 months ago

          A lot of people never outgrew the schoolyard king-of-the-hill game, and still play it like they’re children.

  • @[email protected]
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    6•3 months ago

    https://www.tickcounter.com/countdown/1611151200000/america-new_york/yodhms/FFFFFF3B5998000000FF0000/Time_Until_Trump_Leaves_Office

    Time Until Trump Leaves Office

    3 YEARS :  11  MONTHS : 10  DAYS : 22 HOURS : 11 MINUTES : 23 SECONDS

    Half a day since my last check. This is going to be a long slog.

    • @[email protected]
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      16•3 months ago

      Until trump is supposed to leave office

      • @[email protected]
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        4•3 months ago

        The previous insurrection was practice.

        • @[email protected]
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          2•3 months ago

          They’re not the only ones who can learn from it.

    • @[email protected]
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      2•3 months ago

      If he lives that long.

    • @[email protected]
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      2•3 months ago

      Boy that’s a pretty big assumption there.

    • @[email protected]
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      2•3 months ago

      Lame Duck Trump has already been classified as the worst president in US history.

  • Monkey With A Shell
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    1•3 months ago

    Was never anything more than a way to scam some money and make it harder to track/tax.

  • @[email protected]
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    24•3 months ago

    Coffeezilla on the subject. I guess Trump is running with the ‘if the president does it, it isn’t illegal.’

    https://youtu.be/8zjBj194el8

    • @[email protected]
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      8•3 months ago

      Oh, you mean this?

      https://www.pbs.org/newshour/politics/read-the-full-supreme-court-decision-on-trump-and-presidential-immunity

  • @[email protected]
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    4•3 months ago

    Finally a news story about American politics that is actually news and I want to hear about.

  • @[email protected]
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    2•3 months ago

    Sounds like a class action lawsuit screaming to happen

    • ℍ𝕂-𝟞𝟝
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      4•3 months ago

      In what courts? Why would they hold Trump accountable?

  • @[email protected]
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    8•3 months ago

    2 billion dollars / 800,000 people gives an average of 2,500 dollars per person. I’m going to venture a guess based on vibes that this was a more or less normal distribution and the median loss is close to the average loss. That’s not YUGE per person, but it would still chap my ass real good.

    • @[email protected]
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      7•3 months ago

      I imagine a lot of this is coming off the back of individuals/corporations/nations seeking influence over Trump; especially when you consider that something like 80-90% of initial tokens were owned by Trump and insiders.

      A couple hundred million dollars is a small amount to pay for the leverage it could provide. I honestly think a large number of the biggest bagholders would be linked to the Saudi’s and Musk.

  • @[email protected]
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    3•3 months ago

    Well deserved losses.

[email protected]

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