Whether the Trump family was directly involved in a rug pull, it made gangbusters business, raking in over $100 million in trading fees in just two weeks post-launch.
This was the point of the TrumpCoin scam, not its price. However the coin’s value does reflect on the worthlessness of Trump’s name.
It sounds like you’re implying the coin just plummeted at random, and there weren’t any insiders that sold the coin at its highs, knowing it would collapse?
I mean perhaps if you consider the whole Trump aligned insider class sure they know when to buy low, sell high. But the Trump family themselves make out like bandits from trading fees alone, no matter the price.
This was the point of the TrumpCoin scam, not its price. However the coin’s value does reflect on the worthlessness of Trump’s name.
That was certainly not the only point.
It sounds like you’re implying the coin just plummeted at random, and there weren’t any insiders that sold the coin at its highs, knowing it would collapse?
I mean perhaps if you consider the whole Trump aligned insider class sure they know when to buy low, sell high. But the Trump family themselves make out like bandits from trading fees alone, no matter the price.
It appears like that was exactly the point they were making.