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[–] 128 points 8 months ago (8 children)

Wasn't this exactly by design? Get lots of supporters to buy in, get the price to surge, and then sell at a profit (the good old 'pump and dump')?

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  • [–] 8 points 8 months ago*

    Unless I'm thinking of a different Trump crypto grift, I'm pretty sure that they blocked wallets from sending/selling the coin after they've bought it. So only a handful of specific wallets would have the ability to sell.

    So even if a person got in early and watched the price go up, as soon as they tried to realize those profits, they'd find out that they can't sell the tokens.

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  • [–] 7 points 8 months ago

    They don’t even need to sell. The price could drop to zero, Trump already made his money on the initial sale of the coins.

    Nobody sane expected the price to go up; the whole thing existed to provide a veneer of plausible deniability for illegal bribes.

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