Trump’s Crypto Is Crushing MAGA’s Pocketbook
gizmodo.com
The meme coin launched by the President-elect on January 18, just two days before his return to the White House, has lost more than half its value in less than five months.

The meme coin launched by Donald Trump on January 18, just two days before his return to the White House, has lost more than half its value in less than five months.

      • tal@lemmy.todayEnglish
        4·
        2 days ago

        “Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP’ and the associated artwork,” warned the GetTrumpMemes.com website. It further stated that the tokens “are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”

        In short, CIC Digital and Fight Fight Fight bear no legal responsibility for any investor losses.

        $TRUMP was explicitly marketed as a proxy for Trump’s influence, power, resilience, and success. This is how President-elect Trump promoted it on January 17, the day before the meme coin launched: “My NEW Official Trump Meme is HERE!” he posted on X (formerly Twitter). “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community.”

        Uh huh.

        We’re gonna win so much, you may even get tired of winning. And you’ll say, ‘Please, please. It’s too much winning. We can’t take it anymore, Mr. President, it’s too much.’ And I’ll say, ‘No it isn’t. We have to keep winning. We have to win more!

        — Donald Trump

        I wonder whether people holding that asset have gotten to the “tired of winning” point yet.

        EDIT: Oh, sorry, you were referring to Melania’s memecoin, rather than Donald’s. Same idea, though…