like father, like son...? barron's cryptocurrency disaster

[butters]

The Solana memecoin TrumpCoin (DJT), created by Barron Trump and Martin Shkreli (also known as Pharma Bro), suddenly plunged by over 98% early Tuesday amid the broader crypto meltdown. Shkreli claims that Barron, Trump’s son rugged the token.

DJT dropped to as low as $0.00004445 a few hours before publication time, crashing the market cap from over $56 million to sub $500,000, according to data from Dexscreeener. The token slightly recovered to a $4.5 million market cap. However, the liquidity remains unlocked and has been depleted to the dangerous level of $6,000.

bless

Unlike the market meltdown that affected crypto prices generally, TrumpCoin’s price crashed because liquidity was pulled, according to Dexscreener data. The crypto on X initially accused Shkreli of rugging DJT tokens. However, he claims he does not have the keys to the token contract, directing responsibility to Barron Trump.

“Ask barron, i dont have the keys or any tokens,” Shkreli responded on X. “You do [need keys] to remove LP. and i dont have any tokens, i didnt sell any today, or yesterday, or this month,” he responded elsewhere.

Shkreli was once convicted of defrauding investors in two hedge funds he founded. A federal judge sentenced him to seven years in prison, and he was released in 2022. Perhaps, due to his background, most people allege Shkreli pulled the rug, but he claims otherwise.

https://www.msn.com/en-us/money/mar...p&cvid=0dfbc6d5a5aa4910b33b53c1baadbb7b&ei=59

 

[dmallord]

bless

https://www.msn.com/en-us/money/mar...p&cvid=0dfbc6d5a5aa4910b33b53c1baadbb7b&ei=59

"Shkreli was once convicted of defrauding investors in two hedge funds he founded. A federal judge sentenced him to seven years in prison, and he was released in 2022. Perhaps, due to his background, most people allege Shkreli pulled the rug, but he claims otherwise."

So... Trump's eighteen-year-old son was allowed to hang out with a convicted criminal, other than his convicted Dad, and lost money, like his fraud-committing Dad? And his mother was okay with that? noises in the background, Barron?

Next thing you know, Barron will be following in his father's rotund, bone-spurs-glistening shadow to an 8x10 residence near Mar-a-Lago.

BTW Truth Social Value today: 26.80

-0.31 (-1.14%)

 

[John_von_Neumann]

Barron Trump and Martin Shkreli? Is reality being written by The Onion??

 

[butters]

first barron, now eric? does it kindddddddddddda look as if "certain people" are flushing cash right out of others' pockets and into their own?

A newly launched cryptocurrency on Solana {{SOL}} called Restore the Republic, or RTR, which was rumored to be the official token of Donald Trump, ballooned to $155 million market value before cratering 95% on Thursday after the former president's son warned that his father doesn't yet have an official token.

eric posted he has "fallen in love with Crypto / DeFi. Stay tuned for a big announcement." Then on Thursday, Restore the Republic began trading, soaring to a $155 million market capitalization just hours after launch.

the "rumour" was amplified by maga activist and chair of students for trump, who insists he was told the cryptocurency was being backed by don. jnr, and denied involvement after promoting it.

and then there's this:

Kanpai Labs, the entity behind the Kanpai Pandas non-fungible tokens (NFT), boosted the token with advertisements prior to the launch.

Bags, the pseudonymous creator of Kanpai, said the Trump family picked the launch date then "hard rugged us."

seems to be a bit of that going around, right?

Blockchain data shows that early investors, or insiders, made $4 million of profits in six hours on the token's rise and fall, onchain sleuth Lookonchain found. Five crypto wallets bought 105 million of RTR with $882,000 worth of SOL, then sold 95 million tokens for $5 million in SOL.

ahem... this is daylight robbery and suckers will be taken advantage of every damned day of the week.

https://www.msn.com/en-us/news/othe...&cvid=821396aecf0e4fff86a6b9b3ded945ee&ei=121

 

[butters]

During a Q&A session on subscription-based platform Locals on Aug. 8, Donald Trump Jr, the eldest son of presidential candidate and former president Donald Trump, said he wasn’t launching a memecoin but working on a crypto platform to take on the banks.

“What we’re talking about is a larger type of platform,” that’s very different and not a memecoin, he said. However, he added that it would be a “long time before we can do anything,” not giving anything away on a time frame.

https://www.msn.com/en-us/money/mar...&cvid=ee5bf5cbcf9c49eaba818a372ec3ba71&ei=132

 

[Bray123]

'I know more about cryptocurrency than anybody else.'