RE: $trump shitcoin extenuates and highlights 2025 insanity...
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The 80% allocation is just assigned to groups called 'Creators and CIC Digital' (which is owned by Trump) with differing unlock periods. It's so obviously going to dump on his fans, and I'm assuming he probably presold a bunch of the remaining 20% to friends like Hawk Tuah did.
One thing I am curious about is will corps/foreign states essentially donate cash to $TRUMP for favours? Maybe MAGA and degens don't get quite so rekt... Trump could even spin in to say the bribes are supporting his fans.
Also, it's not crazy to think every elected official might use memecoins to fund campaigns in the future...
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It does seem to be a theme: politicians taking bribes and insider trading out in the open not even trying to hide it anymore. But also just like NFTs crashed into the dirt we have to expect that next bear is going to make this strategy a whole lot less viable.
Especially if the bear is accompanied by tariff-induced inflation.
Yeah I really have no idea how that tariff nonsense is going to work out.
A part of me just assumes he's bullshitting and won't even attempt it.
Yeah, I agree... it's straight up political suicide that would hurt his base worst of all.