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Analysis: 67K+ new or small-time crypto investors bought the $TRUMP memecoin but 80% of them bought near the coin's peak and saw their holdings' value nosedive

“Her $TRUMP coin's value climbed for a few days but has since plunged 85 percent from its peak.”  —  www.washingtonpost.com/technology/ 2... Ken Bazinet / @kenbazinet : Trump's crypto grift isn't about small time investors making money.  It's about Trump and his cronies making money.  They are the whales.  Small time investors are the suckers.  In every aspect of his life, Trump depends on suckers to take the bait, and they do. www.washingtonpost.com/technology/ 2... @davidrlurie : Trump is squeezing every last dime out of his cultiists, who will be left with worthless memecoins, instead of dolls, to give to their kids next Christmas.

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  • @amysiskind Amy Siskind on bluesky
    This is how he rewards his followers:  —  “Her $TRUMP coin's value climbed for a few days but has since plunged 85 percent from its peak.”  —  www.washingtonpost.com/technology/ 2...
  • @kenbazinet Ken Bazinet on bluesky
    Trump's crypto grift isn't about small time investors making money.  It's about Trump and his cronies making money.  They are the whales.  Small time investors are the suckers.  In every aspect of his life, Trump depends on suckers to take the bait, and they do. www.washingtonpos…
  • @davidrlurie @davidrlurie on bluesky
    Trump is squeezing every last dime out of his cultiists, who will be left with worthless memecoins, instead of dolls, to give to their kids next Christmas.