The Never-Ending Grift
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Yea, he did.
https://www.axios.com/2025/01/19/donald-trump-crypto-billionaire
And....
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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Less than three weeks after its release, President Donald Trump’s memecoin has produced more losers than winners. For every dollar in trading fees the Trump crypto creators raked in, investors lost $20.
A total of 813,294 wallets holding cryptocurrency lost money through ownership of $TRUMP meme token shares in the 19 days since its launch, according to an analysis by cryptocurrency forensics company Chainalysis commissioned by the New York Times. The losses—accumulated as users either held onto shares of the coin as its value plummeted, or because they sold shares at a loss—totaled about $2 billion..
https://fortune.com/2025/02/11/trump-memecoin-traders-2-billion-dollar-loss-family-100-million-fees/
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Krugman's take on the proposed crypto reserve.
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The president hosted a highly anticipated "exclusive" dinner for the largest holders of his meme coin, Official Trump, at his golf club in Virginia on Thursday night.
Why it matters: Fight Fight Fight, LLC — a company linked to President Trump's family — sold a digital token that gave anyone in the world a chance to pay for a night of access to the commander-in-chief.
The promotion has stunned ethics experts. One Democrat called it "the biggest corruption scandal in the history of the White House."
White House press secretary Karoline Leavitt denied any conflicts of interest but refused to release the list of attendees, telling reporters: "The president is attending it in his personal time. It is not a White House dinner."
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Who was there, and a photo of The President in his "personal time" speaking in front of American flags and the presidential seal.
https://www.cnbc.com/2025/05/23/trump-meme-coin-dinner.htmlOk
