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News@lemmy.world · 1 month ago

More Than 800K Have Lost $2B on Trump’s Meme Coin

www.thedailybeast.com

cross-posted to:
[email protected]

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More Than 800K Have Lost $2B on Trump’s Meme Coin

www.thedailybeast.com

Flying Squid@lemmy.world to

News@lemmy.world · 1 month ago

cross-posted to:
[email protected]

The token’s price has crashed from $75 to $17.

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Voroxpete
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1 month ago
It can easily be both.
- treadful@lemmy.zip
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  1 month ago
  The pump would be the bribe and the dump is them cashing out. Same thing with a bunch of suckers floating the value.
  - Voroxpete
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    1 month ago
    Yeah, the bribe theory actually doesn’t work unless it’s also a pump and dump, otherwise there’s no way for Trump to extract value from the bribes.

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