Trump and Melania's Scammy Meme Coins Have Lost Almost All Value

[Yo_Mama_Been_Loggin]

You may recall that the president has a meme coin, $TRUMP. Days before his second inauguration, the president—who told Fox News in his first term that he was not “a big fan” of cryptocurrencies, which he deemed possibly “fake”—made his own foray into crypto.

The meme coin’s value quickly rocketed to around $75. It dropped shortly thereafter but saw a bump in April when Trump announced “the most EXCLUSIVE INVITATION in the world”: for the top 220 investors in $TRUMP coin to enjoy a private dinner with the president at his Virginia golf club.

Since then, the Trump coin’s value has slumped again, to $9, having sunk 88 percent from its January high.

You may also recall—if you strain your memory further—that the first lady, Melania Trump, is in the meme coin business as well. Her $MELANIA coin has followed a similar trajectory to her husband’s coin, seeing a precipitous, 98 percent decline in value from its $8.50 peak in mid-January.

https://finance.yahoo.com/news/trump-melania-scammy-meme-coins-210940670.html

CYBERCURRENCY IS A SCAM!!!!!!!!!!!!!!!!

Hope that helps.

[BeyondGeography]

1. 20x more losses than gains

Ask the Internet about Trump meme coin profits and losses:

“Some analysts described it as a pump and dump scheme, and a "disaster". A forensic analysis commissioned by The New York Times concluded that 813,294 wallets lost $2 billion by trading the coin while the president's company and partners profited about $100 million from trading fees.”

[Deuxcents]

2. Ain't that a shame..who coulda seen that coming? 🙃

[Escurumbele]

17. They don't care, they made $100 million in trading costs...It is never about the value of whatever he sells, it is

always about how the scam people with it. Their profit comes from the scam, not from the value of things, I do believe that by now all involved know that whatever trump touches goes to crap, so they take advantage of the "moment", which is usually its initial launch to a few months, and then they just abandon it because the only passion they have is to scam people, they can walk away with having made $100 millions and just let it die to move to the next scam.

[Ping Tung]

3. What next? Autographed toilet paper?

[Dave Bowman]

30. I would buy a roll but only if his face is printed on it.

[BoRaGard]

4. "Ha ha. Meme coin suckers, Ha ha." - Krasnov & Kompanion (r-grifters)

[Bluetus]

24. Some are suckers. But the big buyers are paying bribes in plain sight.

[Oeditpus Rex]

5. '$MELANIA"?

Oh, dear. How very unfortunate.

(Muttley laugh)

[Qutzupalotl]

9. Hey Smelania, how'd you get that smell on ya?

And how do you wash it off of you?

[Bluestocking]

32. I think tomato juice might work

[calimary]

11. $MELANIA!

LOVE this!

Trashy lady. With a trashy husband who both exude a consistently trashy smell.

[JoseBalow]

16. She is a $trumpet

[johnnyfins]

27. $exworker

[oasis]

34. That's a fitting tag for her.

[sakabatou]

6. Who could've guessed Dump would pull another scam

[Escurumbele]

18. Not the MAGATs, obviously.

[JoseBalow]

35. They're the gift that keeps on giving

I hear tell there's one born every minute.

[Vinca]

7. Not before they moved all their money out.

[ret5hd]

8. man, they SO missed a marketing opportunity:

$TRUMP and $TRUMPET

[Johonny]

10. I believe they laundered purchases through bitcoin

Meaning they made money while their product is essentially worthless.

[fujiyamasan]

13. I think the insiders (him and his family) sold right after the initial pump

They would then have been able to keep the proceeds in bitcoin, which conveniently worked out because Bitcoin had a nice run up after.

[fujiyamasan]

12. No surprise

This fits his MO to a T. Another rug pull, aka pump and dump.

It was openly traded on crypto exchanges (I saw it on Coinbase a while ago). I’m not sure why anyone suspected anything other than it being a typical meme coin. Wasn’t there some supporter of his losing several hundred thousand on this?

I’ve seen a few of these over the years. There was that huawktua girl that also launched one of these shitcoins. Did the same thing. Learn from the best!

[hatrack]

14. Putting Smelania at . . . $0.17? Wow, what a great investment!!

[Hornedfrog2000]

15. It was just another way to launder money

Just like their failed casinos were, and the home sale he made to russians for like 2.5x market value in like 2009 was, or whatever.

The guy should be known as Putins banker. He has stolen so much wealth from our country and sent it to russia

[Figarosmom]

19. Good.....nt

[EdmondDantes_]

20. But Trump makes a cut on every sale, he gets what he wants

[TalenaGor]

21. corruptocurrency

[Seinan Sensei]

22. I have some Beanie Babies for sale ...

[ananda]

23. I should take a poll on how many people are not surprised.

[Irish_Dem]

25. Certainly it was a scam where the Trumps made a lot of money.

Everyone else got screwed.

[Permanut]

26. Someday there will be one of each of these in the Smithsonian.

[Wednesdays]

31. Right next to a 1923 German Papiermark. nt

[The Blue Flower]

28. Strumpet has a very specific meaning

Smellania should be made aware of it. (Prostitute)

[Justice matters.]

29. I'm sure there's a lot of laundering ill-gotten money...

to curry back illegal and unethical favors... follow the money.

[eppur_se_muova]

33. Better framed as "market finally noticed product has no value". nt