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CNN Reports $TRUMP Coin Value Drops 98% as 740k Lose Money (www.mediaite.com)
submitted 3 months ago by 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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[–] 2 points 3 months ago (6 children)

I've heard of that meme coin thing before. Isn't that what happened to that spit girl?

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  • [–] 1 point 3 months ago* (5 children)

    I tried finding the article I remember reading but couldn't find it. Was only finding articles about people getting scammed and then saying it's not Trump's fault. And I had to give up the search before being forced to actually kill myself.

    spit girl

    I dunno what you're referring to...

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  • [–] 7 points 3 months ago

    Hawk tuah girl who dragged out her 15 minutes to 6 months. $HAWK founders were charged by SEC for pumping and dumping $490M. Case is still in court. She was originally not in the lawsuit, but then she was investigated, but by 2026 they concluded she was just a paid spokesperson and they dropped her from the suit.

    I have zero sympathy for investors looking to make free money. Work for your money.

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  • [–] 1 point 3 months ago (3 children)

    Just another meme coin person. She gave an interview with that channel 5 guy. She mentioned that nobody could really do anything with the coin because it was frozen and either that was illegal or what was occuring while it was frozen.

    A speculation only market and these meme coins seem bunk from the word go.

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  • [–] 1 point 3 months ago

    Yeah, but there are at least ones that a lucky person could time, and sell around the same time as the people who are orchestrating the scam, and make a lot of money.

    In this case, I'm pretty sure they couldn't even do that.

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