This is simply a blatant cash grab scheme! The latest exposed report shows that the 'Trump Coin' launched by Trump has left investors with nothing, with its value plummeting over 80%. Those blindly believing in him, the MAGA supporters, have really taken a huge hit.
This so-called cryptocurrency was only priced at $0.18 when it was first listed, and after being frantically hyped up to a peak of $75, it quickly collapsed, now remaining at around $16. Professional analysis companies found that over 810,000 crypto wallets suffered losses because of this, with the total amount possibly reaching $2 billion.
What’s most disgusting is Trump’s behavior. Three days before his inauguration, he suddenly called on fans to buy the coin on social media, saying, 'My dear Trump community, hurry up and buy Trump Coin.' And what happened? Just two minutes after he posted the announcement, someone dumped $1.09 million to buy nearly 6 million coins, cashing out $109 million in profit two days later.
There’s definitely something shady going on! You should know that cryptocurrency trading is anonymous, and this mysterious big player who had insider knowledge could very well be one of Trump’s own people, or even Trump himself. Their family has made over $100 million just from transaction fees, while ordinary investors have become the bagholders.
Even more shameful is that Trump is also pushing for relaxed cryptocurrency regulations, which clearly aims to benefit himself. As a former SEC advisor said, the president participating in such a shady cryptocurrency scheme harms investors while trying to abolish regulations that protect them is simply self-dealing! This operation is just treating supporters as cash machines, and it looks really bad.
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