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Donald Trump’s newly launched cryptocurrency, $Trump, rapidly gained a market cap exceeding $6.5 billion before settling around $4.7 billion. The coin’s launch coincided with a pre-inauguration “Crypto Ball” and features Trump’s companies holding 80% of the tokens, raising concerns about potential conflicts of interest. Disclosures state the coin is non-political, despite Trump’s plans to prioritize cryptocurrency as president-elect. The significant holdings by Trump’s companies have fueled comparisons to “pump and dump” schemes.
Trump launches a meme coin, and overnight, the cryptocurrency, dubbed $TRUMP, skyrockets to a staggering $32 billion market cap. This astonishing development is prompting widespread disbelief and outrage across the political spectrum. The sheer speed of its rise is unprecedented, hinting at significant artificial inflation rather than organic market forces.
The timing, days before a potential return to the presidency, adds a layer of complexity and suspicion to the situation. Many are questioning the ethics, legality, and potential conflicts of interest associated with such an undertaking. The inherent conflict between holding a position of immense public power and profiting from a personal financial venture of this nature is a blatant violation of the principles of good governance.… Continue reading
Logan Paul, a prominent social media influencer, faces renewed scrutiny regarding his cryptocurrency endorsements. Evidence suggests Paul promoted investments while secretly profiting from related anonymous wallets, resulting in significant price spikes and subsequent crashes. This follows allegations in a multi-million dollar lawsuit over his failed CryptoZoo project, where investors claim losses due to misrepresentations. Paul denies all wrongdoing, yet his actions raise concerns about his ethical obligations to his large and highly engaged fanbase.
I have been closely following the recent news about Trump Media shares being halted after a sudden plunge in the DJT stock. It’s not surprising to see such drastic fluctuations in the market, especially when it comes to a company with questionable financials and motives. The fact that the stock has been on a rollercoaster ride, soaring from less than $13 to over $30 in just a few weeks, raises a lot of red flags.
The skepticism surrounding the company’s profitability and Trump’s intentions with his millions of shares add to the uncertainty. It’s clear that the stock exists as a means to funnel money to Trump without directly giving it to him.… Continue reading
John Q. Hosedrinker 
Matt Underwood