Trump launches his own meme coin (crypto).
It is here
https://dexscreener.com/solana/a8nphpcjqtqhdquk35uj9hy2ysgxf…
What do you guys think about that? This is so wild.
What Do You Think about TRUMP (Trumps' Own Meme Coin) ?
welcomeUniverseWorld on 18/01/2025 - 19:34
Last edited 18/01/2025 - 19:35
Last edited 18/01/2025 - 19:35
Comments
Jump on now before it explodes *
*doesn’t necessarily mean explode, upwards
*not financial advice
"explodes *"
Might be
“a rapid unscheduled disassembly.”
.Linguo is dead
Pray for linguo
no i think with all the tiktok nonsense, duolinguo had a 7% increase in share value
just another scam
get his rooooobz to buy into it, then pull the wool from underneath them, theyre to stupid to see that
They're dazzled by the gold sneakers and the soooper special watch.
dont forget the trump bible, for all those devoted christians out there who need the US constitution and bill of rights within their religious text
They clearly can't read, the first amendment and the christian bible dont really mix very well together
God Bless USA Edition….Tough on China….. yet printed in China. Was too tight to pay a few bucks more to get someone to print it domestically.
I'm pretty sure he sold strips of the suit that he wore in the mugshot pic.
IT was from the attempted assassination. There is nothing he wont try and make money on.
becoz of the democraps!!
scam or not you can still potentially make a killing by preying on his gullible followers who will faithfully throw their money at him.
rug pulllllllllll
No no, it’s natural hair. Like his tan ;)
(I know, different kinda rug)
You're too late and doesn't matter how high it goes if you're unable to sell.
This didn't age well, coin has 3x'd from when you posted sitting with a 13.7 billion marketcap and is on binance now. This isn't your usual solana memecoin anymore it's now a stayer like pepe/bonk etc.
Well done on calling the top, Jim Cramer. Dropped 50%. Something that no meme-coin ever does /s
You would crap yourself if you had $100k on Bitcoin and it dropped 50%
For meme-coins this is normal and expected. We know they'll rug.
If I dropped $1000 on it and sold when you said to buy I'd be at the MFE and make $2000 profit. If I held I'd have round-tripped.
Putting it on exchanges that enable short-selling is really going to help it. /s
Pepe is terrible. It's not a stayer. XRP is a stayer. Something I dropped a huge bag on at $0.11 because it has utility and not a cartoon frog.
As least Bonk pivoted from a joke-coin into a token with utility (Bonkbot)
Trump doesn't have utility.
You recommended people buy when it was at $70. When did you buy and when will you sell?Trump owns 80% of the supply, have you ever tried reading?
This is so wild.
On track to make Idiocracy look like a good alternative.
Grifting a meme coin a day out from inauguration was definitely not on my bingo card.
"Camacho was actually a very good president. He didn’t ignore, downplay, or blame the opposition for the crop crisis. He found the smartest guy in the world to solve it, listened to the expert, took brave action in the face of corporate opposition, and gave full credit to whom it was due. "
Three days actually, not one. Regardless, I wholeheartedly agree.
I'm a fan of his
I suspect you are unaware of all the other (non-crypto) rugs.
everything he has for sale is a rug…..its just a function of how long until the rug is fully pulled out
Not sure, but i made life changing amounts of money last time he was in office, so its funny seeing others cry about all the good he did for the economy back then and will likely continue to do.
He didn't do good for the economy, he did good for the stock market. They are not the same thing.
@heal: I said they're not the same thing, not that they necessarily "aren't linked." The links may be complex and not necessarily similarly polarised. Here's an intro to your question. Maybe consider that the Australian stock market is near an all time high right now but the economy is arguably in trouble.
Username checks out.
then go live in Murica
You fit their “winner takes all” idealogy instead
Caring about your own personal wealth over the health and wellbeing of others, what a lovely person.
There is absolutely nothing to like about that cancer of a "man", and certainly not any of his new scams concocted by his team. One thing is for sure, when Elon goes to pump it up on X nobody is going to care or listen to that loser anymore, his ship has sailed.
No-one cares mate. Don't flaunt your wealth, it's how you get kidnapped/extorted/scammed in to being a poor boy
Adding this to my Hawk Tauh coins to diversify my crypto portfolio.
I'm within spitting distance of making money on Hawk Tuah.
Then you can hawk them off. Profit.
So many rugs, not enough time.
Welcome to crypto. You either 10x your money or lose it all! Hope you like gambling, because there's nothing of actual worth you're buying.
Makes sense. Involves his 3 favourite words
Me + me + coin.me + me + taking the "i love the poorly educated" peoples money
Imagine if people had this much passion about Australian politics…
Just more fodder for the Leopards Ate My Face subreddit…
I'm glad we don't have this much 'passion' for politics over here. Keep the American mania over there. We don't need it.
I reckon aussies have just the right amount of political passion
not full on dgaf, but not staunch cult like behaviour. when an election comes around people care for a couple months, then we go back to saying both sides are a bunch of useless (profanity) and get on with life
best sub reddit ever
you want people to act like cult members for Dutton and Albanese, are you insane?
I'd just like for people to be properly educated on the two parties, rather than hearing the same "both parties are the same" rhetoric from people who don't understand what a government does and how they can be different (like favouring big business over the average people that work for them)
It will inevitably crash and burn, losing money for almost all participants.
A lucky few will get out with a fortune and boast about it on Youtube. Whether the coin is rugpulled or collapses naturally is still to be seen.
Life changing, generational wealth in less than a day:
https://www.theblock.co/post/335537/trader-who-spotted-trump…
Insider trading at its finest.
Yep, now those 5M coins costs above $350M
There's only $19 M in liquidity currently, so not getting anywhere near that.
@BluebirdV: Sorry I was wrong, there is probably enough liquidity for Trump's cronies to just make bank.
@andyfc: There's $800 mil liquidity on Jup/Meteora alone, along with other CEX like Binance, Coinbase, etc.
Circulating market cap is about $10 billion, anything around 10% liquidity is generally considered high confidence liquidity. There's no problem.
Did he cash out though? I wonder if this news piece is just part of the scam. I wonder if there's even enough liquidity for you to cash out 90 mil.
Glad to see the worlds biggest grifter is not gonna give up his title that easily
I think Biden should be President again. And Hilary should have been President, she would have been perfect, she would have done all the stuff you'd expect a U.S. President to do.
like be presidential and not a;
racist, sexist, bigot, attention seeker, blow hole, spiteful, vengeful, grifter, liar, divider, inciter and nepotist?
I agree, the next 4 years will be "fun"
Awesome, you should leak them so people know what you're talking about and you don't look crazy/caught up in a scandal from 9 years ago
Just the latest in his long line of things to fleece money from the ignorant and devoted
Crypto has helped a hell of a lot of people become extremely wealthy. This doesn't negate the fact that it is 100% a scam. It has also bankrupted a hell of a lot of people.
A currency that constantly fluctuates massively is effectively useless as a reliable store of wealth and as a payment method. Even if we assume bitcoin continues to rise and rise as 25-50% of the population buy into it and it becomes widely accepted as a form of payment: this will eventually be devastating for the economy. It will cause massive inflation in FIAT currency, and the only people who will benefit will be those who bought bitcoin early and bought heaps of it. The people who don't own any bitcoin or only own a little will eventually be impoverished by the massive inflation caused when bitcoin whales begin to spend their coins. Following on from this economic disaster, the value of bitcoin will crash as people will need to spend more and more of it to survive.
Elon Musk's continuous support of cryptocurrency is solely for his own benefit and is based on the fact that most of his supporters are absolute idiots. On the other hand, many investors in crypto are smart enough to know it's a long-term scam and that Elon is lying when he talks up crypto, and they invest knowing that his lies will help push the price up.
I wouldn't say it's helped a hell of a lot of people to simply "become" wealthy any more than the lottery. It's a zero sum game. No profit or tangible product has been produced by crypto whereas a hell of a lot of man hours and energy have gone into it.
What has happened is that is has tranferred wealth. Those who became involved in Bitcoin early (unfortunately many were involved in illiicit activities on the dark web) and have been able to hold without being fleeced or losing key access have no doubt done very well, but keep in mind their withdrawal is only possible due to liquidity from those who have come after.
The current crypto community is now obsessed with being pumped up and supported by the new Administration, which is so far from what it was at inception. This is because only a small fraction of the marketcap is liquid and able to be withdrawn. The longer it gets supported the more damaging the crash will be when one of a number of events happens.
Just another celebrity launching a worthless coin. Like 99.99% of other memecoins it’s a cash grab for the creators through either dumping the coins when they spike from the hype or through gas fees of which Trump coin has collected $12.5m in the last 24 hours.
This is a good video going through it.
All these meme coins end up the same way. Trump meme coin isn't the first, nor will be the last. Learn from the other people who gambled their life savings away. At this point, I dont have any sympathy for greedy people looking to get rich quick losing their money.
It's like all forms of gambling: the lucky few will boast about their wins and berate everyone who didn't play as being stupid. The vast majority who lose will stay silent and be criticized for not selling before the project was rugged.
Remember that there are zero honest investors in TRUMP coin. Everyone is looking to dump their coins before everyone else dumps, or the entire project is rugged by the devs. All players know it will collapse, but everything thinks they'll be the smart one to get out first.
It literally says on the official Trump coin website
"and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type"
It will almost certainly become as valuable as Melania's NFTs, in other words, zero.
You are welcome ❤️❤️❤️
Can't be worse than money laundering in Ukraine.
Are you one of losers who watch channel 24 when the USA crap comes on?
Thanks OP bought 15
(I did just throw $1k at it, I figure there's a lot of money dumber than mine going into this, just gotta time it before the pull)
To be clear I'm the opposite of a Trump supporter, but I will happily take the money of one
The risk is that it will be pulled from the markets and you won't be able to sell it at all at any price
Its on dozens if not hundread of markets. Not happening.
Markets don't care long as they make their fees.
At least fund managers attempt to make some money and gives some excuse as to why it didn't work out.
Ok let me rephrase. The risk is that all the insiders will be selling first crashing the price and by the time you get around to selling there will be no liquidity.
@illusion99: That makes absolutley no sense. There is like 18 billion worth in volume. Selling is easy. Plus there are markets like CoinSpot where you can sell instantly without needing to sell to someone else.
@illusion99: @illusion99 It's funny you're trying to lecture this guy but you have no idea. The coin has 14.2 billion in marketcap and is on major markets like binance etc now. You'll have no trouble buying/selling this coin it's not like your standard pump.fun solana shitcoin.
@localhost: Yes. CoinSpot is primarily a broker-style platform. This means that when you sell your cryptocurrency, you are selling it directly to CoinSpot itself rather than listing it on a market and waiting for another user to buy it.
CoinSpot is primarily a broker-style platform
CoinSpot is
primarilya brokerstyleplatform
anyone who got on early, at less than 1 dollar is a millionaire now, (as always i miss the good shit) anyone who missed and think they can still make money should not invest anything they dont mind loosing
The IPO was at about US$4
nah man it was way less, many bought in at 2.5 it reached a high of $75, that's a 30x in 24 hours. so 100k woulda been 30M dollars. but lets go with more realistic figures $10k would be 3M dollars, we could have solved out entire life's headache of a house/car and mortgage and add a rental property or two on top.. retire type money, i got up out of bed depressed asf today knowing there were over 500 millionaires made in the last 24 hours for buying a meme coin, thing is i was always up to date about these stuff but i gave up on it in 2022 and now this happens
Don't let it get to you. Andrew Tate missed it too and apparently none of his Inner Circle were aware/cared to call him to get in on it either.
You know he'd have dropped a million on it at $1-2
Launched at about $1, lots of crypto traders spotted and bought in but most were still skeptical. After about 30 mins, Trump made a tweet about it which is when it went parabolic over the next 12 hours.
nothing says "I'm a degenerate" more than simping for crypto.
it's worthless.
zero value created from thin air.
nothing says "I'm a degenerate" more than simping for crypto.
Who even talks like this?
Probably an ex-crypto bro that round tripped to zero.
Incel language
it's worthless.
I bought in at ~$50 AUD and now it's around $117 AUD. If I sell now it's not worthless.
Probably worth about tree fiddy