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Cryptocurrency News Video
Trump Supporters Lose MASSIVELY As Investment Nosedives In Staggering Scam
Feb 11, 2025 at 11:30 pm The Damage Report
Donald Trump supporters and crypto investors explode in panic as Trump's meme coin dramatically crashes after he, his family, and a select few early traders, profited massively, causing many betrayed MAGA supporters to lose massively in a major financial blow. John Iadarola and David Shuster break it down on The Damage Report. Leave a comment with your thoughts below! Read more here: Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses - https://www.nytimes.com/2025/02/09/us/politics/trump-crypto-memecoin.html "The curious trade came a little past 9 p.m. on Jan. 17 — a $1,096,109 bet less than two minutes after the soon-to-be president of the United States posted on his social media account that his family had issued a cryptocurrency called $Trump. In those first minutes, a crypto wallet with a unique identification code beginning 6QSc2Cx secured a giant load of these new tokens — 5,971,750 of them — at the opening sale price of just 18 cents each, starting a surge in the $Trump price that would soon reach $75 per token. This early trader, whose identity is not known, walked away with a two-day profit of as much as $109 million, according to an analysis performed for The New York Times. But the fast profits for early traders, whose names are unknown but some of whom appear to be based in China, came at the expense of a far larger number of slower investors who have cumulatively suffered more than $2 billion in losses after the price of the token crashed." ** Be part of the Dragon Squad as a YouTube channel member: http://go.tyt.com/join-tdr Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on TikTok: https://www.tiktok.com/@thedamagereport?lang=en Follow The Damage Report on Instagram: http://www.instagram.com/thedamagereport/ Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport #TheDamageReport #JohnIadarola #TheYoungTurks 250211__DR05Memecoin
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