$TRUMP meme coin - crypto

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David Gordon
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$TRUMP meme coin - crypto

Post by David Gordon »

The TRUMP memecoin launched a day or so ago and is reportedly up 10,000%, but from what I can see, its up like 12X from yesterday.

I like Trump, but I am not impressed with this kind of opportunism - it almost reeks of Ponzi and insider trading.

Same goes for Elon's playful adoption of DOGE as the name of his government agency - while it is also a well known Crypto currency that has often been third behind ETH - and the enthusiasts are keen because they think Elon supports the coin and will adopt it on Mars. Elon knows how a single tweet can affect the price of a coin.

Meanwhile BTC is pumping with some enthusiasm because many people believe the USA will make it part of the federal reserve. This kind of vanity project will only hurt these prospects and BTC growth and adoption now as it is a distraction if nothing else.

Lots of speculation with $XRP as well these days - some are saying it will be one of a few coins that will receive tax free status.

https://gettrumpmemes.com/
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Re: $TRUMP meme coin - crypto

Post by Bluejeanbaby »

I am putting my money into something far more secure and functional. Patriot Force Trump action dolls are not only life like but the owner will always have someone to play with instead of having to play with themselves. :tard:


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ItWasntMe
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Re: $TRUMP meme coin - crypto

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David Gordon wrote: Sun Jan 19, 2025 3:43 am I like Trump, but I am not impressed with this kind of opportunism - it almost reeks of Ponzi and insider trading.
10% in public sale, 10% for liquidity, and 80% of tokens that are going to be dumped on Trump followers over the next 4 years.

Seems legit to me!
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Re: $TRUMP meme coin - crypto

Post by Alex »

Making hay while the sun shines - God bless him!

He knows he enjoys immunity and he's already been shameless - so why not.
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David Gordon
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Re: $TRUMP meme coin - crypto

Post by David Gordon »

Trump’s surprise memecoin explodes to nearly $7 billion
On Friday night, President-elect Donald Trump posted on his social media platform, Truth Social. “My NEW Official Trump Meme is HERE!” read the post, with an accompanying link and a picture of the incoming president, fist raised with “Fight Fight Fight’ superimposed on the image.

While crypto watchers speculated online whether Trump had been hacked, an accompanying post on Bitcoin as a "scam," Trump embraced the disruptive sector during his campaign for a second term, appearing at blockchain industry events and naming the venture capitalist David Sacks as his "crypto and AI czar" after winning the election. He has promised a more pro-crypto stance after regulatory crackdowns by the Biden administration, including by appointing a more sympathetic Securities and Exchange Commission Chair, and helping to pass legislation legislation to help the industry grow.
More: https://finance.yahoo.com/news/trump-su ... 51740.html
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David Gordon
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Re: $TRUMP meme coin - crypto

Post by David Gordon »

This coin is also hosted on Solana which is pumping about 30% in the last 24 hours. Also expected to get an ETF.
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Re: $TRUMP meme coin - crypto

Post by Bluejeanbaby »

David Gordon wrote: Mon Jan 20, 2025 2:53 am This coin is also hosted on Solana which is pumping about 30% in the last 24 hours. Also expected to get an ETF.
https://www.forbes.com/sites/digital-as ... ts-crypto/

The official Melania meme is live," the incoming first lady of the U.S. posted to X, alongside a link to a website selling the cryptocurrency. "You can buy $melania now."

Following the launch of Melania's coin, Trump's memecoin crashed by around 40%, diving as traders scrambled to buy the new coin, according to on-chain data.
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Re: $TRUMP meme coin - crypto

Post by Doc67 »

ItWasntMe wrote: Sun Jan 19, 2025 7:40 am
David Gordon wrote: Sun Jan 19, 2025 3:43 am I like Trump, but I am not impressed with this kind of opportunism - it almost reeks of Ponzi and insider trading.
10% in public sale, 10% for liquidity, and 80% of tokens that are going to be dumped on Trump followers over the next 4 years.

Seems legit to me!
The numbers are quite impressive:
100,000,000 issued and sold @ $7.08 = $708,000,000

100,000,000 issued for liquidity and now sold into the market at anything north of $7.08, but with prices reaching a peak of $75, the liquidity supply could have achieved anything between $7.08 and $75. Even if you take a conservative figure of $20 a coin, that brings in a further $2 billion.

Total trading volume in 24 hours was £37 BILLION (and climbing). It traded $3 billion in the last 30 mins and the price went from $38 to $43. So while it is still highly active, the buy side is strong. The bots are hard at work and the traders are having fun playing on margin.

A further 800,000,000 is to be issued over time, and sold for whatever they can get for it. Who knows how the price holds up, but even at an average of $5 that would bring in another $4B

There are dev costs, white-listers and other insiders given large chunks to sell into the public sale, the exchanges will want their pound of flesh too. But at any rate, this project has made a ton of money for a few people, mostly for doing very little work and taking minimal risk.

It has a market cap of $8.5 Billion, with 80% of the shares still in the safe.

For comparison, the following US companies have a similar market cap: The New York Times ($8.5B) Alaska Airlines ($8.42B) US Steel ($8.11B) Fannie Mae ($8.03B), and all these are fully diluted. Trump Media & Technology Group! ($8.6B) is another one!

A nice days work, if you can get it.
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Re: $TRUMP meme coin - crypto

Post by ItWasntMe »

We freed the hostages, we freed TikTok, now we're going to deport the immigrants and make America great again!

All of this made possible by $TRUMP coin, get yours here using credit card, paypal, crypto or reasonably healthy organs.

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David Gordon
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Re: $TRUMP meme coin - crypto

Post by David Gordon »

I just diversified a wee bit and bought some Trump, XRP and Solana - just play money stuff for fun. FOMO at work.
The only thing necessary for the triumph of evil is for good Men to do nothing. Sir Edmund Burke.

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