this post was submitted on 02 Jul 2026
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Leopards Ate My Face

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“If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

“This is a woman who spoke to Reuters,” Bash said. “She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens … Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

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[–] BeMoreCareful@lemmy.world 1 points 7 hours ago (2 children)

Just another meme coin person. She gave an interview with that channel 5 guy. She mentioned that nobody could really do anything with the coin because it was frozen and either that was illegal or what was occuring while it was frozen.

A speculation only market and these meme coins seem bunk from the word go.

[–] BarneyPiccolo@lemmy.today 3 points 6 hours ago (1 children)

Meme coins are the latest version of "limited edition collectibles," like the Franklin Mint garbage, or Beanie Babies. It's just dressed-up to look like a legitimate investment for MAGA morons.

[–] BeMoreCareful@lemmy.world 1 points 6 hours ago

It is very beanie baby coded.

I like that.

[–] prole@lemmy.blahaj.zone 1 points 7 hours ago

Yeah, but there are at least ones that a lucky person could time, and sell around the same time as the people who are orchestrating the scam, and make a lot of money.

In this case, I'm pretty sure they couldn't even do that.