Well DAMN! Trump Gon Fuck Around And Make A Nigga Rich!

xxxbishopxxx

Rising Star
BGOL Investor

Donald Trump ‘Official’ Memecoin Makes Millionaires, Raffles $3B Volumes in Hours​

Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s verified social account​

By Shaurya Malwa
Jan 18, 2025, 9:31 a.m. UTC
(TheDigitalArtist/Pixabay)

(TheDigitalArtist/Pixabay)

What to know:​

  • An “official” memecoin linked to Republican Donald Trump was issued in early Asian hours Saturday from his verified X and Truth Social accounts.
  • Prices ran from a few cents to $14 in less than six hours amid widespread confusion on whether the token was backed by Trump.
  • The apparent move comes days before Trump takes office on Jan.20



Is the coin real?


That was the question plaguing crypto traders from U.S. to Asia alike as an “official” memecoin linked to Republican Donald Trump was issued in early Asian hours Saturday from his verified X and Truth Social accounts.



Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s account with a fake token issued by the attacker to fleece unsuspecting buyers.



CoinDesk could not independently confirm if the token was legit or not as of early European hours Saturday.

The token — which is viewed with scepticism among some traders — has attracted $3 billion in trading volumes hours after going live and commands a $2 billion market capitalization at current prices. It has netted early buyers over $70 million in paper gains, and smaller traders as much as $1 million, onchain data shows.



The apparent move comes days before Trump takes office on Jan.20, and is the first time a sitting president will give their liking to a memecoin. It’s the latest in a long list of crypto-related businesses and products linked to Trump — with the Republican having previously issued multiple NFTs and the relatively new decentralized finance platform World Liberty Financial.

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!,” an X post from the @realDonaldTrump account reads. “Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have Fun!”



The X post went up on 2:44 UTC Saturday and has stayed up until after 8:15 UTC. It was initially perceived to be

The token was first posted on Trump’s Truth Social, where it ran from a fully diluted valuation of $200 million to over $1.3 billion in just over an hour. It gained traction and interest from crypto traders after the X post.



A disclaimer on the meme’s website stated that the Trump meme token were intended to function as an “expression of support for, and engagement with, the ideals and beliefs embodied by the symbol $TRUMP” and are not “intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”

The reasoning is in line with how memecoin markets have shaped up since late 2024, moving away from mere tokens related to pictures (such as dogecoin) to cult tokens where holders believe in a shared vision or idea that the brand implies (such as SPX6900 flipping the U.S. stock market, or MOG representing “tokenized winning.”)

Meanwhile, some previously-issued memecoins themed after Trump took a hit early Saturday, dropping as much as 50% as their value proposition fell.

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
Picture of CoinDesk author Shaurya Malwa


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Hey Julian!

Rising Star
BGOL Investor
I bought $200 at $19 and another $300 at $28. If you got an extra $100 laying around I say buy some. Don’t spend what you’re not willing to lose. It is a memecoin which means it’s based on hype, but it’s got the biggest hype train behind it so why not? If I double my investment, I’ll take my orginal $500 and let it ride for the next few years. :cool:
 
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footloose

Rising Star
BGOL Investor
I bought $200 at $19 and another $300 at $28. If you got an extra $100 laying around I say buy some. Don’t spend what you’re not willing lose. It is a memecoin which means it’s based on hype, but it’s got the biggest hype train behind so why not?. If I double my investment, I’ll take my orginal $500 and let ride for the next few years. :cool:
What you buy it on. This moonshot shit been saying verifying for 30 min
 

T_Holmes

Rising Star
BGOL Investor
Are we acting like everything this dude touches hasn't turned to absolute shit?

The only way I would recommend getting involved in this hustle is if you know how to read the environment. Get in, get your money, and get out. It's the same advice I give for MLM bullshit.

If you aren't down with that hustle, then just be prepared to lose your dough. That's how you should treat any investment, but this one started with two strikes against it.
 

totto

Rising Star
BGOL Investor
How do I pull the money out? If I put in 100 how long for me to take the money back out and convert to USA?


I know nothing of crypto, always felt it was a scam
 

PJN

Rising Star
BGOL Investor
How does this work cause I have no clue :dunno:




uXEsCq.jpg

How does what work?

Ah, I see what befuddles your mind.
Those TITTIES! :hotdamn:

Well you're in luck my good friend, according to Columbia University and personal experience of PJN, this is how it usually works...

  1. Be gentle: caress, fondle, cradle, or stroke.
  2. Be hands-y: jiggle, bounce, twist, or tickle.
  3. Be mouthy: kiss, lick, suck, or nibble.
  4. Be sentimental: compliment, name, gaze at, or talk to.
  5. Be vigorous: squeeze, twist, tug, or clutch.
  6. Be pragmatic: massage, wash, dry, or lubricate.
What should I do with her breasts?. What should I do with her breasts? | Go Ask Alice! (n.d.). https://goaskalice.columbia.edu/answered-questions/what-should-i-do-her-breasts


Oh wait, you meant meme coins? I have no clue! :confused:
 

Hey Julian!

Rising Star
BGOL Investor
What you buy it on. This moonshot shit been saying verifying for 30 min
I used moonshot. I bought early in the morning when this thread was made and that took like 3mins, then a few hours later it took like 20mins. It’s the high trade volume that’s causing the verification to take so long.
 

jack walsh13

Jack Walsh 13
BGOL Investor
How does what work?

Ah, I see what befuddles your mind.
Those TITTIES! :hotdamn:

Well you're in luck my good friend, according to Columbia University and personal experience of PJN, this is how it usually works...

  1. Be gentle: caress, fondle, cradle, or stroke.
  2. Be hands-y: jiggle, bounce, twist, or tickle.
  3. Be mouthy: kiss, lick, suck, or nibble.
  4. Be sentimental: compliment, name, gaze at, or talk to.
  5. Be vigorous: squeeze, twist, tug, or clutch.
  6. Be pragmatic: massage, wash, dry, or lubricate.
What should I do with her breasts?. What should I do with her breasts? | Go Ask Alice! (n.d.). https://goaskalice.columbia.edu/answered-questions/what-should-i-do-her-breasts


Oh wait, you meant meme coins? I have no clue! :confused:
You muthafucka.

:roflmao2: :roflmao2::roflmao2::roflmao2::roflmao2::roflmao2::roflmao2::roflmao2::roflmao2::roflmao2:




tgdW0D.jpg
 
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