General Discussion

applegrove

(133,102 posts) Tue May 6, 2025, 06:32 PM May 2025

58 Crypto Wallets Made Millions on $TRUMP. "764,000 wallets of mostly small holders have lost money on $TRUMP."

58 Crypto Wallets Made Millions on $TRUMP

May 6, 2025 at 5:57 pm EDT By Taegan Goddard 26 Comments

https://politicalwire.com/2025/05/06/58-crypto-wallets-made-millions-on-trump/

CNBC: “58 wallets have made over $10 million each from President Donald Trump’s meme coin, totaling $1.1 billion in profits, blockchain analytics firm Chainalysis said.”

“764,000 wallets of mostly small holders have lost money on $TRUMP.”

6 replies

= new reply since forum marked as read

Highlight:

58 Crypto Wallets Made Millions on $TRUMP. "764,000 wallets of mostly small holders have lost money on $TRUMP." (Original Post) applegrove May 2025 OP

I don't know what that means. underpants May 2025 #1

Though I understood crypto then i heard about meme coins. applegrove May 2025 #2

AND a handful ... undoubtedly insiders, made out like bandits. eppur_se_muova May 2025 #4

Allow me EarlG May 2025 #3

That's hilarious underpants May 2025 #6

Quelle Surprise! But what is the actual surprise? Norrrm May 2025 #5

underpants

(197,179 posts)

1. I don't know what that means.

Reply to applegrove (Original post)

Tue May 6, 2025, 06:35 PM

May 2025

applegrove

(133,102 posts)

2. Though I understood crypto then i heard about meme coins.

Reply to underpants (Reply #1)

Tue May 6, 2025, 06:39 PM

May 2025

Not sure about details. Not so simple but at least one of the Trump coins are pegged to the US currency and I don't know if this meme coin is it. I'm bad with new vocabulary. You are not alone. They point here is that way more than half a million people lost money.

eppur_se_muova

(42,518 posts)

4. AND a handful ... undoubtedly insiders, made out like bandits.

Reply to applegrove (Reply #2)

Tue May 6, 2025, 06:46 PM

May 2025

Or is that "as" bandits ?

Remember all the fuss about "Friends of Bill" ?? No Uglicans have ever shown a similar level of concern over "Accomplices of Donald".

"Accomplices" -- there's another word we need to be seeing a LOT more of.

EarlG

(23,710 posts)

3. Allow me

Reply to underpants (Reply #1)

Tue May 6, 2025, 06:43 PM

May 2025

Imagine 58 people selling 1.67 billion bottles of this to about 764,000 people.

underpants

(197,179 posts)

6. That's hilarious

Reply to EarlG (Reply #3)

Tue May 6, 2025, 07:21 PM

May 2025

I actually think I sort of understand for real.

Norrrm

(5,591 posts)

5. Quelle Surprise! But what is the actual surprise?

Reply to applegrove (Original post)

Tue May 6, 2025, 06:54 PM

May 2025

That insiders made out so well?
Or
That his cultists were so gullible/stupid to believe in him?

Reply to this discussion

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.