It was meant to. It was just a way to accept bribes.
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In May, the Financial Times published an investigation into Melania Trump’s meme coin, revealing that a coterie of traders reaped nearly $100 million by buying $MELANIA coin minutes before it was publicly announced, before off-loading most of their holdings after its value spiked following the announcement.
The first lady’s meme coin is now worth less than a quarter of a dollar.
I don’t feel bad for the rubes who got taken by this.
The SEC is in the process of changing the rules around 401ks and Pensions, such that these big funds can include cryptocurrency in their portfolios.
Won't be long before we're all holding the bag on these Shitcoins.
Eh, that would be like packing your 401k with penny stocks. Seems unlikely.
Release the Trump/Epstein files
I'm sure there will be another pump (and subsequent dump) the next time Trump wants a bribe.
Anyone who bought that shit deserves to lose their money
Probably not the first "pump and dump" either of them has been a part of...
She’s worse in business deals than Trump.
Eh, this was always the goal. I'd say they played it perfectly, took billions from their deluded cult followers to enrich themselves.
Which is ironically quite the accomplishment!
If she's also into child fucking, she could even be president
It wasn't a business deal. It was a fraud she profited from.
There is a scheduled unlocking of the coins held by the individuals who created the coins.
They still hold a massive number of coins, the next major unlock is in January.
Expect some pump scheme leading up to that moment so they can dump the coins at an elevated value.
The schedule goes into 2028. This is all public information but somehow the news never bothers to include it. This knowledge is how one extracts value from the uninformed.
Oh no how unfortunate.
lol grifters gonna grift. make m'uricah great again!
Guys those coins are garbage! Join me in my new lemmyhavit.coin! We will solve all the problems the old coins had. Just invest, keen investing and give us some time.