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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Written by AlgoCompSynth by znmeb on 2025-01-20 at 19:40

@molly0xfff OK, I'm in. Now we just need to find 999,999,999 other buyers! 😡

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Written by Otte Homan - remember Geordie on 2025-01-20 at 20:03

@AlgoCompSynth @molly0xfff fun game: beat Trump and create $Ivanka and $Don_Jr and $Barron and $Eric memecoins

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Toot

Written by AlgoCompSynth by znmeb on 2025-01-20 at 20:09

@otte_homan @molly0xfff Nah ... you could make more money selling toilet paper with his worst executive orders printed on the sheets.

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Descendants