CNN Reports $TRUMP Coin Value Drops 98% as 740k Lose Money

2 months ago by spaghettiwestern to c/leopardsatemyface

President Donald Trump's $TRUMP meme coin has dropped 98% in value, but some supporters are still investing.

“If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

“This is a woman who spoke to Reuters,” Bash said. “She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens … Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

adarza 186 points 2 months ago

a loss of about $32,700. He does not blame the Trump family.

wtf.

Galatians 6:7-8.

reap what you sow, morons.

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reluctant_squidd 70 points 2 months ago

Perfect example of how deep his supporters are in.

There is nothing that could sway them.

Except maybe the Epstein files, which are already seemingly forgotten about by most people.

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jtrek 50 points 2 months ago

They're all so stupid it's frustrating.

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minorkeys 29 points 2 months ago

Not blaming Trump is the brainwashing that lets him get away with everything.

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FiniteBanjo 4 points 2 months ago

When I find that asshole who jinxed it when they unironically said "he can't keep getting away with these things" I am going to brutalize them.

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spinne 4 points 2 months ago

He probably knew what to expect, but thought he had a better "system" that would let him be part of the pump and dump profiteers by getting in and getting out faster than the other schmucks who were being taken for a ride. (If he'd read the terms that locked him into holding it for years before being allowed to sell, he might've figured out that he was about to become a schmuck who'd be taken for a ride.)

Anyway, it's not gambling if you win every time!

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Phantaloons 3 points 2 months ago

-in the context of mocking God, here's the full passage, NIV:

7-8
Do not be deceived: God cannot be mocked. A man reaps what he sows.

8-8
Whoever sows to please their flesh, from the flesh will reap destruction; whoever sows to please the Spirit, from the Spirit will reap eternal life.

8-8 ain't bad, tho.

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Rhynoplaz 103 points 2 months ago

How can you lose your savings and thank the man who took it from you?

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EntheoNaut 61 points 2 months ago

Cult's a helluva drug

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adarza 13 points 2 months ago

it's hate. they hate the same groups of humans.

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ZpbkPEcaHhIveqdR 11 points 2 months ago

It could be that it saves face, admitting they were wrong means admitting a lot of what they believe is also wrong and it can be very difficult to admit to that

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Rhynoplaz 2 points 2 months ago

"you may feel a slight sting. That's pride fucking with you. Fuck pride. Pride only hurts, it never helps. You fight through that shit."

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popekingjoe 91 points 2 months ago

These people are in a cult.

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nickiwest 40 points 2 months ago

How do you deprogram millions of people? Seriously, it's hard for cult members to re-integrate back into society without support.

I worry about what happens when their 80-year-old leader dies (to be clear, that's an inevitability, not a specific wish) and they leave the Republican party but have nowhere to turn for community.

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Witchfire 47 points 2 months ago

Education. Why do you think fascists hate it

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Hikermick 22 points 2 months ago

It's been a cult for long before Trump came along, it was a cult looking for a leader. I googled "how to break people free from a cult" back in 2011. What i got out of it was you have to let people figure it out themselves. Confronting them makes them dig in deeper. Best thing to do is not make them fear an "I told you so" moment. We all have our pride

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adarza 13 points 2 months ago

they will latch-on to whoever spews the same lies and hate the loudest.

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krashmo 10 points 2 months ago

They're not going to leave the Republican party. They don't have specific beliefs or values diving their political expression. They embraced what it meant to be a Republican before Trump just as they embrace it now, even though those are two disparate worldviews. They will do the same after he is gone with whatever the GOP says is their unchanging views at that time.

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athatet 9 points 2 months ago

Just to be extra clear, for me, it is, in fact, a specific wish.

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blitzen 7 points 2 months ago

to be clear, that's an inevitability, not a specific wish

Why not? I'm actively rooting for it.

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ChickenLadyLovesLife 3 points 2 months ago

that’s an inevitability

My fear is that when he dies, they'll just replace him with a body double. My even bigger fear is that they've already done that.

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Phantaloons 3 points 2 months ago

No Trump -no idol, no power, no motivation, no movement. One day, bro, one day.

how do you reprogram Christians?

You don't, you just tell them Jesus would've been socialist and give them proof.

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saltesc 5 points 2 months ago

I think they're just stupid and rely on being told what to do rather than figuring out what to do. Trump wouldn't be the only thing in their lives taking full advantage of that.

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blargh513 63 points 2 months ago

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whoisearth 9 points 2 months ago

OMG is this real? I'm stealing it. It's mine now.

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greygore 9 points 2 months ago path: 0 24569862 24574422 24574516, hotness: undefined, score: 9, children: 0
kudra 2 points 2 months ago

parents love that Miss Rachel is a meme now.

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belunos 49 points 2 months ago

I've lost the ability to feel sympathy for folks that lose money on meme coins, no matter where they come from.

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Fishnoodle 4 points 2 months ago

Good. Find ways to take advantage of torn as well

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WanderWisley 40 points 2 months ago

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Wispy2891 39 points 2 months ago

If Trump was putting his name behind it, it must be a legitimate investment

😂 😂 😂 😂 😂

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Tollana1234567 14 points 2 months ago

everyone but MAGATS know it was a way for billionaires and putin to funnel money to him.

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Thebeardedsinglemalt 34 points 2 months ago

They bought the hats, which turned out to be cheap trash

They bought the gold shoes, which turned out to be junk

The bought the knife which was gas station knife quality

They bought the phone which turned out to be cheap and outdated

They bought the crypto which turned out to be a scam

But those gold and silver coins will be...those will be worth the investment

/S

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KingGordon 30 points 2 months ago
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jasoman 15 points 2 months ago

It was mostly used as bribes they did not expect it back.

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aramis87 9 points 2 months ago

Iirc, most classes were prohibited from selling for two years after it debuted, giving the protected classes plenty of time to fleece the sheep.

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BarneyPiccolo 26 points 2 months ago

"If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

I was going to write that if it's a Trump deal, then you KNOW it's a scam. And yet here is a woman who STILL believes that the Criminal-In-Chief is totally legit and credible.

How do these people stay on board after EVERYTHING they've seen?

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buddascrayon 12 points 2 months ago

Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme.

She at the very least woke up to reality after losing almost $2000.

This guy however, lost $32,000 and still thinks Trump is great. 🙄

Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

And yeah, as far as I'm concerned every single person who put money into the Trump meme coin deserves losing every penny.

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laranis 3 points 2 months ago

Propaganda: It Works!(tm)

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spaghettiwestern 24 points 2 months ago

"she now thinks it was just a pump-and-dump scheme."

Ya think?

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voxthefox 24 points 2 months ago

Considee the rug pulled

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Thebeardedsinglemalt 2 points 2 months ago

Press X for doubt

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hark 23 points 2 months ago

Classic trump and dump.

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nullspace 22 points 2 months ago

Didn't it already pump and dump when it was released?

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explodicle 10 points 2 months ago

Many shitcoins do it multiple times, they just rarely reach their previous high.

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prole 7 points 2 months ago

I also remember reading that trading the coin was disabled for everyone but a select few people. Meaning the coins are actually worth $0 because even if you time it right, you literally cannot send the coin anywhere.

Unless that was about another scam coin they did. Hard to keep track.

Also, Hunter's laptop, guys. It's a really big deal, guys.

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BeMoreCareful 2 points 2 months ago

I've heard of that meme coin thing before. Isn't that what happened to that spit girl?

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prole 1 point 2 months ago

I tried finding the article I remember reading but couldn't find it. Was only finding articles about people getting scammed and then saying it's not Trump's fault. And I had to give up the search before being forced to actually kill myself.

spit girl

I dunno what you're referring to...

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SaveTheTuaHawk 7 points 2 months ago

Hawk tuah girl who dragged out her 15 minutes to 6 months. $HAWK founders were charged by SEC for pumping and dumping $490M. Case is still in court. She was originally not in the lawsuit, but then she was investigated, but by 2026 they concluded she was just a paid spokesperson and they dropped her from the suit.

I have zero sympathy for investors looking to make free money. Work for your money.

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BeMoreCareful 1 point 2 months ago

Just another meme coin person. She gave an interview with that channel 5 guy. She mentioned that nobody could really do anything with the coin because it was frozen and either that was illegal or what was occuring while it was frozen.

A speculation only market and these meme coins seem bunk from the word go.

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Hikermick 20 points 2 months ago

Who could have foreseen the man that ran a scam University and a scam Non-profit could be running a scam Crypto?

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Clent 18 points 2 months ago

It's recovering any day now

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WhoIzDisIz 12 points 2 months ago

Hey - is only s loss of you decide to cash in, right? It's got nowhere to go but up, eh?

🤡

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tanisnikana 18 points 2 months ago

I am Jack's complete lack of surprise.

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Captain_Patchy 2 points 2 months ago

I thought that I was the only one that remembered jack and his numerous parts.

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Captain_Patchy 17 points 2 months ago

Anyone stupid enough to buy this memecoin thinking that anyone but trump would make money on it is suffering from the real trump derangement syndrome.

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ChickenLadyLovesLife 4 points 2 months ago

Many of my coworkers are trumpers and they love to talk about "trump derangement syndrome". Whenever they bring it up I agree with them and say "yes, trump is highly deranged" and they get all apoplectic. "That's not what it means!"

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BarneyPiccolo 4 points 2 months ago

I always tell them that the people with Trump Derangement Syndrome are the MAGAs. His disapproval ratings are around 65-75%, those aren't the deranged ones. The deranged ones are those who are still following him after EVERYONE else in the entire world has fully accepted that he is a Traitor, Racist, Pedophile, Mysoginist, Virtuosically Incompetent,band mind-bogglingly Corrupt. None of that is speculation or propaganda, it is simple American History.

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prole 1 point 2 months ago

If you're not angry nearly to be point of derangement by now, then fuck you you're part of the problem

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Gullible 15 points 2 months ago

It’s funny to live in such wild times that horrific fraud feels like a rerun.

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blimthepixie 15 points 2 months ago

Oh my days, how are these people so fucking stupid 😂😂😂😂😂

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laranis 14 points 2 months ago

I'm in favor of taxation by stupidity. If only that money wasn't going directly into the pockets of the corrupt instead of paying for healthcare and affordable housing.

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finallymadeanaccount 12 points 2 months ago

Ha Ha

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Bebopalouie 12 points 2 months ago

Whoever bought those coins IMO deserves everything they get. Mind you in this case it’s less.

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guyoverthere123 11 points 2 months ago

Good. Fuck those dopes.

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SaharaMaleikuhm 9 points 2 months ago

So you are saying it is a great time to invest?

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zbyte64 11 points 2 months ago

You could probably talk the same people who lost 98% of their "investment" to buy the dip

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SaveTheTuaHawk 2 points 2 months ago

Buy what... that's the beauty of coins, you don't even get a coin.

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kreskin 8 points 2 months ago

I love that he pump and dumped his own supporters. He screwed them on the trump phones too. I think they should keep giving trump their money so they can become penniless and experience Trumps attack on social services and food aid. Chefs kiss.

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ChickenLadyLovesLife 2 points 2 months ago

I had a friend in college back in the '80s who was a born-again Christian and a big Jim and Tammy Faye Baker supporter. After their scams and shenanigans had been publicly exposed. And it wasn't even that he didn't believe the news about them -- he did believe they were scammers and kept sending them most of what little money he had. If you want me to explain that mindset, I absolutely can't. It's something along the lines of "God works through disreputable people sometimes".

For me, what's so mysterious is not that people like this can be cheated out of their money. It's that people like this have any money to begin with.

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BarneyPiccolo 2 points 2 months ago

In his mind, he wasn't giving his money to the scammers, he was giving it to GOD, they were just the conduit.

It sounds like he might have some OCD, or other mental issue, and was locked into this pattern, where his brain felt good when he gave money to God. He has to break that pattern somehow, or substitute a different behavior that has a positive outcome, like exercise.

Unfortunately, whatever he substitutes will probably also become unhealthy, until he deals with whatever is causing this behavior, but at least he won't be giving away all his money to criminals.

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prole 1 point 2 months ago

It's fucking peasant brain. Getting very popular again these days.

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beanburger 8 points 2 months ago
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melsaskca 8 points 2 months ago

Fuck all investors and/or stock market players on all sides. There is no such thing as easy money, unless it's at the expense of someone else. Greedy pigs, playing with tokens of questionable value, deserve what they get.

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errer 7 points 2 months ago

Suffer.

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StealthLizardDrop 6 points 2 months ago

ahahahahaha who could have known? ( ͡° ͜ʖ ͡° )

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the_armchair_potato 6 points 2 months ago

Not a Ponzi scam at all lol 😆.

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RampantParanoia2365 5 points 2 months ago

I put $40 into Star Citizen years ago, and I expect never to see any sort of return at all.

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VonReposti 2 points 2 months ago

I put €200 into it. Sold my package a year later for €400. Great investment!

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socsa 5 points 2 months ago

Sucks to suck

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bagsy 4 points 2 months ago

I've been in a lot of cults. You make more money as a leader, but you have more fun as a follower.

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human 2 points 2 months ago

Is somebody making soup?

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wonderingwanderer 3 points 2 months ago

Impudent strumpets!

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osanna 3 points 2 months ago

holy shit. Dumpy scamming people?!? WHO COULD HAVE SEEN THIS COMING??

as an aside, I have no sympathy at all for these people losing everything. We tried to tell them dumpy is a fucking conartist. They wouldn't listen. Fuck them.

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radiofreebc 3 points 2 months ago

Time to average down, haha.

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Blackmist 2 points 2 months ago

If only Bernie Madoff had thought to run for government...

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SabinStargem 1 point 2 months ago

All according to Keikaku meme, but with Trump. 😕

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Bluegrass_Addict 0 points 2 months ago
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