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John1956PA

(4,372 posts)

5. Trump's company abandoned the Truth Social coin two days after its launch.

Reply to LastLiberal in PalmSprings (Original post)

Mon Aug 25, 2025, 07:13 AM

Monday

Trump's company did not collect a massive profit on $TRUTH (only about $2M), but it was a dry run for future launch and ditch scams. The meme coin $TRUTH was launched on November 21, 2024. Two days later, Trump's company Truth Social liquidated its holdings in the coin. Interestingly, the coin price hit a spike of several magnitudes on May 29 and immediately fell back to its regular value of next to nothing. Someone scarfed up a major profit at that time.

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Highlight:

Trump launches new crypto venture, takes profit early, leaving supporters broke [View all] LastLiberal in PalmSprings Monday OP

There'd be an outcry and investigations if the same ruse were done no_hypocrisy Monday #1

Yes most likely a money laundering tool. Irish_Dem Monday #4

Crypto, gypto, klepto. oasis Monday #2

Melania's "coin" debuted over $11 dollars. Now worth about 19 cents. Trump coin debuted over $46, now $8.33. . . . nt Bernardo de La Paz Monday #3

Trump's company abandoned the Truth Social coin two days after its launch. John1956PA Monday #5

"Ha ha. Suckers and losers. Ha ha." - Krasnov (r-felon/rapist/golf cheat) BoRaGard Monday #6

"Pyramid" scheme, plain and simple. joshdawg Monday #7

This shit used to be illegal mdbl Monday #8

Another pump and dump Yo_Mama_Been_Loggin Monday #9

How many more times will they fall for it? Linda ladeewolf Monday #10

The president who steals from his people. George, can you haunt this guy, at least? rickyhall Monday #11

Anybody who is SO FUCKING STUPID that they would give this guy their money deserves destitution . . . . hatrack Monday #12

I'm wondering as to who is everyone else that took the hit? Uncle Joe Monday #13