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'Dumping like crazy': Trump accused of 'rugpull' scheme now valued at $32 billion
(www.rawstory.com)
this post was submitted on 19 Jan 2025
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Yep, it doesn’t feel like a pump n dump, but very public bribery.
Hard to tell for sure, but it’s got a strange flavour to it.
Time will tell.
Eventually it'll dump. I can't imagine this coin having much utility post-Trump presidency, whenever and however that ends.
I mean, I just don't have the expertise to say on the legal/regulatory side. Someone who has a background in securities and has been following the cryptocurrency situation would probably be in a better position.
I suppose that there will be people who do have such a background looking at it. The fact that it's the President -- who is in charge of the Executive Branch -- and that most media that might be reporting on it has a partisan position makes this a lot more complicated.
Still, wouldn't be the first time that we've run into high-level graft in the Executive Branch. Dealt with it then.