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128

Trump crypto token buyers are down $3.8 billion, Nansen data shows (www.coindesk.com)

submitted 3 hours ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world

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The TRUMP token is down 96% from its peak, and 85% of secondary market wallets for WLFI are underwater, reflecting a broader downturn in the sector.

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[–] Lucky_777@lemmy.world 21 points 3 hours ago (1 children)

If you knew anything about crypto, you knew this was huge rug pull bait. Win the election, spin up your own coin. The mindless MAGA base buys it up from the election win hangovers then pull the rug.

Easy money.

[–] CannonFodder@lemmy.world 5 points 1 hour ago

The rug pull on MAGAts was only icing on the cake. The main purpose of this was for large scale bribes to the Trump family.