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Flying Squid@lemmy.world to News@lemmy.world · 3 months ago

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

www.thedailybeast.com

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

www.thedailybeast.com

Flying Squid@lemmy.world to News@lemmy.world · 3 months ago
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The token’s price has crashed from $75 to $17.
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  • Sanctus@lemmy.world
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    3 months ago

    Its fucken poetic that his presidency launched with a shit coin he used to rugpull almost a million people. Fucking idiotic ass timeline.

    • Snapz@lemmy.world
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      3 months ago

      Remember the last time he rug pulled a million people? It was during COVID and the rug was their lives. While other countries saw a fraction of the death relative to populations.

  • kmartburrito@lemmy.world
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    3 months ago

  • Limonene@lemmy.world
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    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.

    • Voroxpete@sh.itjust.works
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      3 months ago

      It can easily be both.

  • JASN_DE@lemmy.world
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    3 months ago

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

    • HellsBelle@sh.itjust.works
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      3 months ago

      The tardigrade is lending you his.

  • Diplomjodler@lemmy.world
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    3 months ago

    A fool and his money are easily parted.

    • Flying Squid@lemmy.worldOP
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      3 months ago

      And yet somehow Elon and Trump are super rich.

      • Lucidlethargy@sh.itjust.works
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        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.

  • JohnDClay@sh.itjust.works
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    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

  • RedEye FlightControl@lemmy.blahaj.zone
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    3 months ago

    Buy clown coin, get clowned

    more at 11

  • atempuser23@lemmy.world
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    3 months ago

    deleted by creator

  • DaddleDew@lemmy.world
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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.

  • meowmeowbeanz@sh.itjust.works
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    3 months ago

    Ah, meme coins-the financial equivalent of betting your life savings on a Magic 8-Ball. How poetic that the same crowd screaming “drain the swamp” now drowns in a crypto septic tank. $2 billion evaporated? That’s just the market’s way of Darwin-awarding fiscal literacy.

    Trump-branded anything is a loyalty test, not an investment. Imagine clutching a digital token of a man who’d sell your kidneys for a Fox News soundbite. The grift’s the point-watching rubes conflate memes with merit. Never change, cultists.

    Edit: no more bold, geez! I got it

    • Entertainmeonly@lemmy.blahaj.zone
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      3 months ago

      Ok, I totally agree with you, but your use of bolding and italicizing is making me irrationally angry.

      • meowmeowbeanz@sh.itjust.works
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        3 months ago

        Fixed it! Thanks for the feedback

  • aesthelete@lemmy.world
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    3 months ago

    You’re supposed to lose your money. That’s the business.

  • njm1314@lemmy.world
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    3 months ago

    Good

  • Treczoks@lemmy.world
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    3 months ago

    Well deserved losses.

  • Wren@lemmy.worldM
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    3 months ago

    I absolutely LOVE that form them!

  • Grandwolf319@sh.itjust.works
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    3 months ago

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

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