this post was submitted on 18 Jan 2025
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President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies. 

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

  • It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
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[–] [email protected] 178 points 3 months ago (7 children)

Trump holds 80% of the supply. This is going to be the biggest rug pull of all time. Americans are literally getting shitcoin scammed by their own presidents holy shit what a timeline.

[–] [email protected] 49 points 3 months ago (1 children)

Honestly, it's kinda impressive that this scheme still works in 2025. How low can people go, I wonder.

[–] [email protected] 17 points 3 months ago (1 children)

Just means more rugs need to be pulled until idiots have no more money to waste.

[–] [email protected] 12 points 3 months ago (1 children)

Fresh idiots are being born every day, unfortunately

[–] [email protected] 8 points 3 months ago

Calls on rugs!

[–] [email protected] 23 points 3 months ago (1 children)

And these "coins" are actually tokens. Not only are they not backed by any real assets (venture capital, real estate, etc), the damn things don't even exist in reality!

[–] [email protected] 3 points 3 months ago

It's somehow even worse than NFTs

[–] [email protected] 21 points 3 months ago (1 children)

Honestly, I won't forgive Biden for just smiling in response to Trump winning after not leaving 4 years sooner. Before anyone asks, I voted for Harris, so don't shove that narrative down my throat.

[–] [email protected] 15 points 3 months ago (2 children)

The tankies are getting REAL close to just outright admitting they wanted Trump, so there's that.

[–] [email protected] 6 points 3 months ago

The defo do. Trump wants to hand Ukraine to Putin on a silver platter, the tankies have been salivating for that for years now

[–] [email protected] -1 points 3 months ago

Best trash takes itself out is how I see it. Glad they make it so easy to spot with red merch.

[–] [email protected] 18 points 3 months ago (2 children)
[–] [email protected] 5 points 3 months ago (1 children)
[–] [email protected] 1 points 3 months ago

You used yo be able to do it on sketchy unregulated Chineseesque trading sites. Been a while since I used one and they go down semi regularly.

[–] [email protected] 1 points 3 months ago

You can short anything if you find a lender

[–] [email protected] 12 points 3 months ago

America will have a law about this probably by 2070, after many more generations of Americans lose money to those scams and the legislative finally has people who understand technology to write laws about this

[–] [email protected] 3 points 3 months ago

Trump bout to Hawk Tuah! on the American people and maybe the world.