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CNN Reports $TRUMP Coin Value Drops 98% as 740k Lose Money (www.mediaite.com)
submitted 15 hours ago by spaghettiwestern@sh.itjust.works to c/leopardsatemyface@lemmy.world
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“If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

“This is a woman who spoke to Reuters,” Bash said. “She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens … Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

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[-] spinne@sh.itjust.works 3 points 3 hours ago

He probably knew what to expect, but thought he had a better "system" that would let him be part of the pump and dump profiteers by getting in and getting out faster than the other schmucks who were being taken for a ride. (If he'd read the terms that locked him into holding it for years before being allowed to sell, he might've figured out that he was about to become a schmuck who'd be taken for a ride.)

Anyway, it's not gambling if you win every time!

this post was submitted on 02 Jul 2026
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