Lathe time: it goes back up and keeps growing to the point that Trump coin holders need to be bailed out to prevent a global economic collapse.
this post was submitted on 20 Jan 2025
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ngl, if I had known about this ahead of time, I might've tried to buy in. It's a heck of a grift.
It was rigged from the jump. You’d have been a bag holder comrade.
The funny bit is its still rigged, the top wallet has 80% of tokens. Trump may have been late to his own rugpull.
Extremely on-brand
It costs them next to nothing to issue these, right? They can still dump on those who bought it with dollars. Problem isn't the price itself but liquidity.
Edit: if the price were $1 per coin, the issuers can try to sell their supply for $800M in USD (or USDT which has enough liquidity to be converted to USD). the problem is if they tried doing that in reality, the price would go towards zero because there aren't enough buyers/fools willing to give up their Dollars.
Who's going to hold them to that? Trump's FTC?
Like, is that programmed into the blockchain somehow? Can I review the source code? Or is that just what it says on his website?
No idea.
Ah, no getting in before that big leap then?
buy the dip 
buy the dipshit
What goes up 
must come down 
not the cost of living
All my Cheetos, gone 
These are just electricity intensive donations to the person issuing them at this point.
These coins come out, lose all value immediately, then what? Do they just linger on the trading sites as a shitcoin forever?
People know this, don't they? You're just giving money to the person issuing it because you like them
WE know this. People don't know shit. Modern human beings don't know what a power cord is dude.
Some traders do know this, that's why they trade and get out quick. Others are completely unaware they're being duped. Coins are nothing but unregulated trading and if you're the former and can convince the latter to buy/sell, you can make out with lots of money each time.
You realize there is nothing strange about this when you understand most crypto is musical chairs people play with blockchain to win monetary compensation. This gets only more exaggerated the more people participate in it but it's ultimately a closed ecosystem.
It's one big washing machine
was this a rugpull or did people try and time the rugpull only to rugpull themselves?
Digital gold.
digital tulip bulbs lol
It is also up over 500% since inception