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All these people deserve to be fleeced. It would be equally hysterical if he tanked it by just being himself

The people that voted for Trump know that he would never fuck them physically so they are willing to settle for being fucked financially.

"Suckers"? More like bribers.

Foreign 'contributors' ???

Or a foreign entity who wants to transfer some $ into the coffers of the FOTUS. It has traded a volume of $4 billion already. Lots to skim off.

I’m just stating this as clearly as possible: POTUS-elect launched a crypto to capitalize on his position, and us. Forget norms; the checks are absent in gov’t and we need to protect our republic. It’s still hard to grasp where we are. Help others pay attention to counter this, while we can.

That's Trump's people cashing in.

bUy tHe DiP!

I am 54 years old and don’t even really know what a meme coin is, but I still could have predicted this. It’s a simple pump and dump: one of the most basic cons in the book.

Where are you tracking the price?

You might do it purposely if your whole goal is money laundering and/or bribes.

@mmasnick.bsky.social When you are a foreign national just using this as a "legal" way to bribe the incoming politician, you don't really care if it's going up or down when you make your investment..

Could just be bribe money

It rebounded for a bit, and actually headed back up to $15b market cap, but whenever it seems to get near a bunch of folks start dumping.

Someone are laughing all the way to the bank.

Some of that, some bribery.

No. We are all in a giant simulation, waiting for the Great Deletion. [Makes the sign of the CTRL-ALT-DEL]

Awww yes

We live in a time of speculative manias.

Rugpull in 3..2..

One can only hope more significantly more folks become aware and get grossed out by all this shit and say never again

Idiocracy in action

Grifting is the game he knows well

On the positive side nothing will ever go good for them again, it's all contested wrestling the pig on the mud shit show from here on out (they may well be the pig). But what a singer on this world that he's now so ridiculously well equipped, the con is done.

He is just a criminal

Notice how it's being pumped Everytime it drops in price. No doubt being pumped by a few people with lots of money! Total scam.

** stares and blinks in Jimmy Carter peanut farm **

Bwahaha says X and Twitter

of course...

Because the SEC has minimal power and staff now and in a few weeks will have less ability to enforce laws. Worse, the DOJ will be run by Pam Bondi and Kash Patel.

😳 this is just plain crazy, he's always scamming people for their money

And crazy should not surprise anyone but the cult worked.

At this point they deserve to lose their money if they can’t see the grift miles away.

Wonder how many Saudi royal family members own that coin now

There should be a prize for this kind of prescience on social media.

(rewrite) It's just another 'coin' (not a physical coin you can touch, just nebulous code in the ether), with the 'meme' part meaning it's volatile, not an investment grade security, that has some socially current relationship (celebrity sponsor, some culturally topical association, etc).

Don't they immediately claim it as profits?

@mcuban.bsky.social @karaswisher.bsky.social @profgalloway.com @ianbremmer.com

It means that the Orange Rapist’s goal is to surpass his Masters Vlad & Elmo net worth, becoming the first Trillionaire in history at the expense of our country. Can anyone imagine a greatest way for the Felon to start his 2nd term looting blind his MAGA red hats??? 💰💰💰💰💰💰💰💰💰💰

Yeah I think you are right, probably should not have responded!

Expected!

But he’s gonna donate the proceeds for the common man, right?

Crime, domestic and foreign bribery, corruption is now legal !! www.youtube.com/watch?v=8zjB...

Somehow sadly, I am not surprised. The only thing that would surprise me is if this move surprises anyone who knows anything about Trump.

Fools and their money…

Wash trading, insider trading... it's all there... what there is not is 9 billion of liquid value...

Is using the Office of The President of the United States in such a manner ethical and/or legal?

Trying to use that immunity right away?

So you honestly think his "administration" will see a penny??

Trump is following in Putin's footsteps, every step of the way. Putin is reportedly one of the richest people on the planet, due to grift and corruption in Russia.

How do we know foreign entities aren’t buying this ‘coin’?

#First100Days #ExecutiveOrders #BreakingNews 🚨 Trump’s First 100 Days: Shock & Awe! You Won’t Believe His Executive Orders! 🔥 youtu.be/latIDAN2rmo

I was concerned this was him raising money to personally buy TikTok. Though it appears he can’t access all of the funds in the market cap right away. If you have insight, please share. I’m very concerned about the most popular app becoming a platform for promoting propoganda. @mcuban.bsky.social

It’s a scam, like it always is.

Nothing to see here! No problem! We’re not even getting a pile of files this time telling us how he’s divested himself!! Is the great Rachel says Watch with they do not what they say!! It is all perfect really going to lower the price of eggs

Con man starting his corrupt administration with another scam.

Apparently that only mattered as a principle, not a law. The importance of honor and decency are out the window.

I'm sure he dreams of one day not being their puppet

Not all thinly traded meme coins come from the president elect.

Of course. He will fleece us any way he can. And gullible people will join in thinking they can make a quick buck.

Wait until he declares that it can be used to pay taxes. Then people's taxes will in effect be directly paid to him!

Can't what, Mike? Can't believe that Trump is a notorious grifter and a con man or that some people are just incredibly stupid? Both are true.

Jimmy Carter had to sell his peanut farm.

Never leaving with a Grifts to this magnitude and the powerful and the money he ain’t going anywhere

They're encouraging the grift.

That's just the lunch though? They are still going to the official ceremony from what I can see.

The US is gonna explode and die, or Trump will. Astonishing.

This is so obviously a way to skirt donation records lmao

Well that confirms it. Our country has gone full on Civil Oligarchy.

Rug pull in 3…2…1…

@irs.bsky.social @scotus-blog.bsky.social @warren.senate.gov @pattymurray.bsky.social @aoc.bsky.social @aclu.org @housedemocrats.bsky.social @npr.org

This is where the grift extends past the suckers and onto the rest of us.

Stop paying your fucking taxes

Eggs would have been better investment, they could hatch, lol.

True, but I bet a bunch of Cleatuses are buying these too.

💯💯💯💯💯

bsky.app/profile/bria...

The greatest conman of them all?

To be fair it’s likely nothing but his millionaire buddies or himself contributing to it. However it’s still a violation of the Emoluments Act…but yet again no one will hold him accountable.

en.wikipedia.org/wiki/Greater...

Just trying to soak up more of his followers money..

Directly from my Fabulator that is up end running. _

Jesus. myferretsatepepethefrog.blogspot.com/2025/01/buy-...

Elect a Felon. Get criminal behaviour as the norm. Just another pump and dump to seperate morons from their money and create wealth from thin air, smoke and mirrors.

Welcome to the nightmare.

Biff Tannen is raking it in.

💙 Realities🌐 @insuret.bsky.social

Sounds like you understand it perfectly 😜.

One last grift before becoming Yankenfuhrer, fun.

Imagine, this is only the appetizer. He and the people around him are going to absolutely ransack the economy.

I guess we are officially sold to the highest bidders.

Just one of many articles… www.axios.com/2025/01/18/t...

This will shit the bed. Everything thing darkmatter Midas touches turns to shit.

Predictably a pump n dump

I canceled my Washington Post subscription and stopped buying on Amazon. Don’t buy Tesla cars. Stop using Facebook, Instagram, and Thread apps or minimize your usage. You’ll probably find you’re enjoying life a lot more spending more time with your love ones and friends.

Seems the Orange Rapist is following Putin’s steps, becoming so incommensurable rich that he can own this country. Once he’s a Trillionaire, he’ll have the power he needs to manipulate & corrupt our elections in a such way, that no matter how ppl vote, he’ll always win!! Just as his Master Vlad!!

Wish people who voted for him could see that his presidency is just one big grift. He’s always been a con man.

Nope on to the next thing. When it fails it's because Trump was "ill-advised" by whoever he's worked with to set up the scam. Let's be honest this is just a way for the rich and powerful to send him bribes under the table.