Suspicious transactions🫰🏾
A shocking report has just revealed what could be the biggest cryptocurrency fraud in years
Here’s a summary about the token $XRP TRUMP: a coin that launched with a lot of MAGA noise, hit extremely high prices, and then collapsed, leaving hundreds of thousands of users with losses.
🔍 TL;DR:
💸 It started at $0.18, rose to $75, and is now around $16
📉⬇️ Over 810,000 wallets are currently at a loss
⚠️ Losses for investors are estimated at $2B
🕵️♂️ A wallet that bought $1.1M in $XRP TRUMP just 2 minutes after Trump’s Truth Social announcement sold within 48 hours, generating $109M in profits. 🔥
🤑 Trump and his team reportedly made over $100M just in trading commissions. 💸🫰🏾
And all of this started just three days before Trump took office, when he said:
“Join the Trump community. GET YOUR $XRP TRUMP W.”
Thousands of followers did. Now, many find themselves trapped, while Trump and his circle rake in millions. 💸💸
Suspicious Transactions? Chainalysis reports that the timing is 'very suspicious' 👀👀
The cryptocurrency forensic analysis company Chainalysis tracked the initial transactions and identified them as typical insider behavior. Did the address that made huge profits? It made its move just before Trump's public announcement and acted minutes after it was made public.
There are also accusations that Trump or someone from his inner circle may have had insider information about the token's launch and its liquidity. 🧠
All this while he continues to influence key regulators in the SEC and CFTC.
“The president is involved in shady cryptocurrency schemes that harm investors while appointing regulators who could protect him from liability,”
— Corey Frayer, former cryptocurrency advisor at the SEC
💬 What will happen now? 😱
This situation raises serious doubts:
Should the DOJ or SEC investigate this? 🧠
Can a politician use publicity-filled cryptocurrencies to benefit himself and his allies without oversight? 👀
Are we witnessing a resurgence of early ICO scams, just with greater political influence? 🎯📌
🗣️ Share your opinion in the comments:
Is this just publicity and fluctuations, or something much darker?
👇 Let’s discuss.
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