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Damn, that was a long rug pull, I bet Trump’s mad he couldn’t dump more of his concoin before he crashed it.
Just like his DJT Media. Down 75% from initial opening.
Clueless gits can’t seem to figure out that all trump does is take from the little people and keep for himself. Over and over again.
If by investors you mean a mix of rubes + direct foreign government bribes to trump?
This idea that it is about bribes relies on not having any clue how a memecoin works.
- Buy in immediately
- Creator with majority of supply inevitably dumps it on the market
- Now they have your money
No. I understand you think that’s how this works but it’s not. That’s simply not how crypto currency works in anyway. This is some nonsensical Hollywood imagining of them.
It really doesn’t matter if it’s cryptocurrency or a tulip, if its an speculative asset that is exactly how the wealth transfer happens.
People dump money into it -> asset price goes up -> Majority holder sells and takes the money -> asset price crashes.
The use-value of the thing doesn’t matter.
The rubes deserve zero sympathy.
Did anyone actually treat this as an investment instead of a donation?
You mean bribery, not donation.
And where did all this money go…?
If only there existed people to investigate… and… report… on it…
I suppose good journalism can be slow, though.
Likely to the insiders. If you sell it right before the crash you get rich; right after the crash, you get poor.
I would not call people who bought this stuff “investors”. While I don’t really like investment bankers, this would even insult them.
On the other hand: good. Idiots got deprived of the means to do more stupid things.
