A sitting US president launched two memecoins that wiped out $4.3B+ from retail investors (here comes ...)
while insiders quietly cashed out $600M+
$TRUMP: -95% ($74 → $3.41)
$MELANIA: -99% ($13.73 → $0.12)
Posted on Twixter, but here's the lowdown.
Original here:
https://pbs.twimg.com/media/HBUtWRNbcAAW6qT?format=jpg&name=large
Hosts tend to degrade images.
Discovered on Hacker News, where trolls immediately flagged the thread.
https://news.ycombinator.com/item?id=47050300
Some of the comments are pretty cool.
Important comment.
His stablecoin, USD1, is his primary instrument for laundering. It now constitutes roughly 1/3 of his entire net worth. Attached article gives a great breakdown.
https://archive.is/4ieKD
That's it, friends.
That's how money laundering works.
The bastard has lost tons of money ON PURPOSE.
Down the drain and into the money "recycling" plant.
= new reply since forum marked as read
Don't worry, you intrepid investors!
The value of these memecoins (which really sounds like something one should invest a LOT of money in, doesn't it?) are going to rebound BIGLY any day now and you and Musk and Bezos will all be laughing together over all the liberal tears from the deck of your own 100ft yacht a year from now! In fact, you should probably all put in your yacht orders now, the nice ones take awhile to build!
