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CNN Reports $TRUMP Coin Value Drops 98% as 740k Lose Money (www.mediaite.com)
submitted 18 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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[-] BarneyPiccolo@lemmy.today 2 points 3 hours ago

Meme coins are the latest version of "limited edition collectibles," like the Franklin Mint garbage, or Beanie Babies. It's just dressed-up to look like a legitimate investment for MAGA morons.

[-] BeMoreCareful@lemmy.world 1 points 3 hours ago

It is very beanie baby coded.

I like that.

this post was submitted on 02 Jul 2026
469 points (99.2% liked)

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