#Crypto WODL 😇 Correct Word of to Day. #DEFI | Khalid N on Binance Square

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#Crypto WODL 😇
Correct Word of to Day.
#DEFI 

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#TrumpTariffs A MAJOR FINANCIAL SCANDAL UNFOLDED IN THE U.S. when former President Donald Trump allegedly manipulated the stock market for personal gain. First, Trump imposed high tariffs globally, caus-ing panic and a $10 trillion drop in the U.S. stock mark Then, after the market crashed, he tweeted encouragement to buy stocks-specifically mentioning DJT, his own company. Just hours later, Trump delaved the tariffs for 90 days. The market surged, and DJT shares jumped 22%, increasing Trump's personal weaith by $415 million in one hour. Suspiciously, some investors had already placed large bets expecting the market to rise-suggesting they had prior knowledge. These were Trump allies: wealthy businessmen and politicians S This tactic, known as a "Pump and Dump!" involves crashing prices, buying low, then driving prices up up for profit. Ordinary investors lost an estimated $4 trillion, while the rich profited, A leaked White House video showed Trump joking about the billions made by his associates, billionaire Charles Schwab.

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