Ancestors

Written by Molly White on 2025-01-20 at 14:42

Newsletter: No, Trump didn’t make $50 billion from his memecoin.

https://www.citationneeded.news/trump-memecoin-valuation/

[#]crypto #cryptocurrency #DonaldTrump #USpolitics #USpol

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Written by Molly White on 2025-01-20 at 14:43

Newspapers’ estimates of the $TRUMP token’s fully diluted value fluctuated wildly from somewhere around $20 billion to around $70 billion, depending on which paper you read and when they published.

This variance perhaps should have been a sign to these reporters that the numbers aren’t real.

[#]crypto #cryptocurrency #DonaldTrump #USpolitics #USpol

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Written by Molly White on 2025-01-20 at 14:43

This is not to downplay the extent to which Trump is grifting his devotees and crypto traders looking to make a buck on memecoin speculation. But it is important that we accurately report on his cons and don’t contribute to misleading crypto hype for the sake of large numbers.

[#]crypto #cryptocurrency #DonaldTrump #USpolitics #USpol

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Written by Molly White on 2025-01-20 at 14:44

To understand crypto “valuations”, take the example of MollyCoin. If I conjure a billion MOLLY tokens out of thin air and sell one for $1, I’ve just created a “billion dollar” cryptocurrency.

[#]crypto #cryptocurrency

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Toot

Written by The Animal and the Machine on 2025-01-20 at 17:53

@molly0xfff

My concern is that Putin could buy a chunk of TrumpCoin and threaten to sell it low if he doesn’t do what Putin wants.

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Descendants

Written by ⚯ Michel de Cryptadamus ⚯ on 2025-01-20 at 18:04

@taatm @molly0xfff if it makes you feel better the vast majority of TRUMP token trading is happening on Chinese crypto exchanges that are banned from doing business in the United States

(that probably didn't make you feel much better)

https://x.com/Cryptadamist/status/1881164244089205141

[#]trumpcoin #memecoin #trump #donaldtrump #uspol #uspolitics #corruption #grift

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