“If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.
“This is a woman who spoke to Reuters,” Bash said. “She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens … Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”
Just another meme coin person. She gave an interview with that channel 5 guy. She mentioned that nobody could really do anything with the coin because it was frozen and either that was illegal or what was occuring while it was frozen.
A speculation only market and these meme coins seem bunk from the word go.
Meme coins are the latest version of “limited edition collectibles,” like the Franklin Mint garbage, or Beanie Babies. It’s just dressed-up to look like a legitimate investment for MAGA morons.
It is very beanie baby coded.
I like that.
Yeah, but there are at least ones that a lucky person could time, and sell around the same time as the people who are orchestrating the scam, and make a lot of money.
In this case, I’m pretty sure they couldn’t even do that.