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58 Trump meme coin holders made millions, 764,000 holders lost money …

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, May 18, 2025 at 10:40 AM.

  1. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Two for one deal on CNBC about the corruption surrounding his meme coin.

    Probably helps if you are on the inside and know the timing of when Trump is going make announcements, like when he said he’d host a dinner for the top holders. 58 people having amazing timing to make millions sounds like insider trading.

    58 crypto wallets have made millions on Trump's meme coin. 764,000 have lost money, data shows

    And speaking of that dinner, CNBC says the biggest holders are mostly foreign. Imagine that. Trump is having a face to face private dinner with foreign people who lined his pockets. Kinda sounds like corruption and bribery.

    Trump meme coin dinner likely to include mostly non-Americans based on top $TRUMP holders
     
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  2. channingcrowderhungry

    channingcrowderhungry Premium Member

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    Just the fact the actual president of the United States of America has a memecoin is insane enough. The fact it was a pump and dump is even less shocking. Add in the Melania coin and it's somehow even more insane.

    If Biden did this MAGA would storm the capitol again
     
  3. citygator

    citygator GC Hall of Fame

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    Consider me owned righties.
     
  4. demosthenes

    demosthenes Premium Member

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    Just hold onto your Trump coins. I’m sure any day they’ll make an all time high.
     
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  5. gator_jo

    gator_jo GC Hall of Fame

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    Pretty good article about how the shady operators of Trump's cryptocurrency company, World Liberty Financial, let many of their past customers get screwed out of their entire "investment." This is all about as shady, and potentially illegal, as it gets.

    Trump, of course, doesn't care about anything like this, as long as he can make an easy buck or two. Or two billion.


    How Trump’s crypto business partners left their old clients in the lurch

    In May last year, Jonathan Lopez invested about $1 million worth of cryptocurrency in Dough Finance, a small trading platform that made it easy to make risky bets using borrowed funds.

    But on July 12, 2024, Lopez’s entire investment was gone, stolen by unidentified hackers who made off with about $2.5 million, according to a post-mortem of the heist that Dough later posted online.

    Two months later, Herro and co-founder Zak Folkman resurfaced with a brand new crypto venture, World Liberty Financial, and new partners: U.S. President Donald Trump and his three sons, Don Jr., Eric, and Barron.

    Now Lopez is suing Herro for fraud, misrepresentation, breach of fiduciary duties, and violating Florida’s securities laws, seeking restitution and punitive damages as well as legal fees. ..... After the collapse of Dough, though, they hit it big with Trump’s World Liberty; their cut of the company’s revenues so far is at least $65 million, according to their disclosed share of proceeds from the sale of more than $550 million in tokens. The Trump family’s share of those token sales is about $400 million, Reuters has reported.

    https://www.investing.com/news/worl...s-left-their-old-clients-in-the-lurch-4052239
     
    Last edited: May 19, 2025 at 7:05 PM
  6. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    I cannot believe that you MIGHT think that is a gotcha moment of some kind... enough to post this link as possible corruption.

    Maybe the Dems should get Letitia James to investigate this "travesty".

    On the other hand the Dems could just be jealous that Trump's friends made easy millions in away that makes the Dems envious. :)
     
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  7. WarDamnGator

    WarDamnGator GC Hall of Fame

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    How much did you lose? :)
     
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  8. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    I probably would have lost money if I tried to make some on that crypto. I'm having a hard enough time with stocks. :oops:
     
  9. MeyerIsBack

    MeyerIsBack GC Legend

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    so you are admitting that Trump's friends made easy millions (on the President of the United States Meme coin) at the expense of 764,000 people... and you jump to jealousy. That is a wild take.

    If this was a Hunter Biden meme coin you would be speaking in tongues about a new world order. lol
     
    Last edited: May 20, 2025 at 10:36 AM
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  10. demosthenes

    demosthenes Premium Member

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    Rough, shouldn’t have invested in DJT.
     
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  11. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    I have no idea what happened... I'm just having some fun on this subject.
     
  12. WC53

    WC53 GC Hall of Fame

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    I read this as socks and thought, me too ;)
     
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