Sad! Trump’s Meme Coin Has Turned Into a Total Disaster
https://finance.yahoo.com/news/sad-trump-meme-coin-turned-150231581.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGwfgQZ5JAfmuvdsmFfu2qBbNUsFQzCqLIl4FXfJbuIAMNLTFyPWHtKrwGQvnXo-v0VZ42dgydfWDvIMvnjG0EkJDMWpmKqdd4Av8MXsR4EYlnL7HEgfkCidpVottAbaAcJfZ5LqFDmmUHv9lR9LRdGRa2jieK8uJyrmAfFNRZVw
Posted by Abdeliq
6 Comments
tldr; Donald Trump’s meme coin, $TRUMP, launched in January last year, initially surged to over $75 but has since plummeted to $2.73, marking a 96% drop. The coin’s decline mirrors broader cryptocurrency downturns, though Bitcoin shows signs of recovery. Allegations of a ‘rug pull’ scam have surfaced, with early investors cashing out millions shortly after launch, leaving others with near-worthless assets. Despite its failure, $TRUMP and related ventures generated significant trading fees, raising ethical concerns about the venture’s impact on Trump supporters.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
A joke of a president launched a joke of a coin.
Inevitable, not sad.
Now its up 30%!?!
“Allegations of a rug?” The Trump coin is the definition of a rug pull. Lol
“turned” …
When wasn’t it?