Trump 'Makes More Than $25 Billion Overnight' Shilling Meme Coin Before Taking Office
President-elect Donald Trump made over $25 billion overnight for himself and his companies shilling a '$TRUMP' meme coin for which he holds over 80% of the supply, accordin
I hate this. Either it has no external revenue source and it's going to ruin whoever gets left holding the bag, or the external revenue source is a bag holder willing to write off their investment as a bribe. Neither is good.
Not only that, but it's going to be a huge distraction from actual governance. When it crashes and burns, it'll be another excuse for them to launch a wave of lawfare against him. If he tries to preemptively pardon himself, it's going to have political fallout.
The only real question is if that makes the rug pull more likely to be as he becomes a private citizen, right after a 2028 last-second pardon.
He's got a contractual waiting period set and then he can cash out. There's nothing legally wrong with this, even if it looks bad.
Since when has there being nothing legally wrong stopped them? They'll do it even if there's the appearance of impropriety. Enough plausible deniability to claim it's a real case.
But surely they must believe that it's the future of finance! :')
"It's the future of finance, guyz! Guyz ..."
Can't stand shitcoin peddlers.
Great Presidential Rugpull when?