Crypto Pump and Dump (Public Board)

by JoFrance, Sunday, October 04, 2026, 19:34 (25 days ago) @ Cornpop Sutton

I wasn't brushing you off, I just never paid much attention to Trump's crypto exploits. I'm not surprised he ventured into crypto. The Trump brand sells, so why not make money? Crypto is very volatile, but what the Trump family did looks scammy. This is from Brave's AI

"World Liberty Financial (WLFI) tokens have suffered a dramatic collapse, falling ~87–88% from their ~$0.46 launch peak to roughly $0.057 by early October 2026. This decline was exacerbated by an April 2026 governance vote that locked retail investors out of selling their holdings until 2030, while the Trump family retained liquidity for their early positions. Despite the price crash, the Trump family received 75% of net proceeds from token sales, contributing to their reported $799 million in 2025 profits.

The $TRUMP meme coin experienced an even steeper implosion, peaking near $70–$74 shortly after its January 2025 launch before collapsing ~97% to trade around $2. While the token itself holds no intrinsic value, Trump earned $635 million through licensing and transaction fees, regardless of price movements. Investors have suffered an estimated $3.8–$4.7 billion in combined losses across Trump-linked crypto assets, with critics describing the structure as a "rug pull" that transferred wealth from later buyers to early insiders.

Recent developments include a November 2026 gala offering top 185 holders a dinner with Trump, which has intensified congressional scrutiny. Senators have demanded an SEC investigation into potential fraud and conflicts of interest, while the Trump family continues to leverage these ventures through exclusive events and token-linked rewards".

Its not a good look for Trump to be involved in something like this. It looks predatory, but I'm sure its legal.


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