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Total disaster for the bag holders, not for those who pump and dumped
this post was submitted on 12 Mar 2026
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Leopards Ate My Face
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Trump supporter checking in on his $TRUMP investment:
Wasn't this exactly by design? Get lots of supporters to buy in, get the price to surge, and then sell at a profit (the good old 'pump and dump')?
I thought he got a percent of every transaction, I swear I heard that at one point. If that is the case then all he would care about is making sure it stays volatile.
That's it, he makes money going up or going down.
Basically a way for foreign actors to make bribes.
Unless I'm thinking of a different Trump crypto grift, I'm pretty sure that they blocked wallets from sending/selling the coin after they've bought it. So only a handful of specific wallets would have the ability to sell.
So even if a person got in early and watched the price go up, as soon as they tried to realize those profits, they'd find out that they can't sell the tokens.
Yeah. Assuming he implemented it the way one would expect, the coin value doesn't matter to him at all.
Whether the Trump family was directly involved in a rug pull, it made gangbusters business, raking in over $100 million in trading fees in just two weeks post-launch.
This was the point of the TrumpCoin scam, not its price. However the coin's value does reflect on the worthlessness of Trump's name.
That was certainly not the only point.
It sounds like you're implying the coin just plummeted at random, and there weren't any insiders that sold the coin at its highs, knowing it would collapse?
I mean perhaps if you consider the whole Trump aligned insider class sure they know when to buy low, sell high. But the Trump family themselves make out like bandits from trading fees alone, no matter the price.
It appears like that was exactly the point they were making.
Note: you can't sell within permission so anyone that sold did so with explicit permission knowing that the price would tank.
But at least the Trump phone will be okay, right?
Whether the Trump family was directly involved in a rug pull, it made gangbusters business, raking in over $100 million in trading fees in just two weeks post-launch. As of January, the Financial Times reported that the $TRUMP coin, and it the First Lady’s $MELANIA that followed, have generated about $427mn in sales and trading fees.
Sounds like it worked exactly as intended.
Ah yes the guy who famously said that he knows nothing about it other than he launched it. 🙄
Did he extract value from the fiasco without risking anything personally? Then it worked as intended.