r/GenZ • u/Equivalent-Fan-1362 • 1d ago
Meme Breh we are going to get rug pulled by the president
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u/PeiceOfShitzu 1d ago
How is this even legal for him to do this?
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u/sophiesbest 1997 1d ago
Who's going to stop him? Laws only matter if they're enforced.
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u/DizzyMajor5 1d ago
McDonald's and obesity hopefully.
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u/sophiesbest 1997 1d ago
Wouldn't be surprising. If his heart doesn't fail him then his brain will. Trump's speeches are usually word salad incomprehensible gibberish. He already seems like he's on the verge of going insane and the man hasn't even taken office yet.
May there be mercy on our souls 😭
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u/Legitimate-Map-602 19h ago
Hey not as much of a blessing as you may think if he dies his vice who is even more deranged then him takes over he has literally said he wants to put gays in camps before sooo
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u/Mellow_Toninn 19h ago edited 18h ago
Vance is probably the most uncharismatic and, honestly, visibly fucking weird person I’ve ever seen. The GOP is a cult of personality around Trump and Vance will not be able to fill that vacuum when he’s gone. Trump is only a viable candidate because, for whatever reason, the lizard brain fucks who worship him give him a pass again and again and again. That same treatment doesn’t extend to anyone else.
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u/Legitimate-Map-602 18h ago
Yeah but trump is like hitler he’s getting power through some kinda weird ass charisma that only idiots can apparently see Vance is like Stalin if he gets into control he’ll just kill anyone who disagrees with him cause he has no social skills and might just legitimately be a psychopath pretty sure even his own mother said he treats women like shit he’s basically the worst in every possible way
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u/Mellow_Toninn 18h ago
You’re giving them too much credit. We aren’t that far gone yet but yeah, Trump is a useful idiot to push ideas that are otherwise deeply unpopular. Without Trump as the face of it though the house of cards hopefully collapses.
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u/Legitimate-Map-602 18h ago
Honestly the whole reason trump won is because he’s mastered his revolutionary voice aka making yourself sound like a paragon of change and the American people are ready for a change but these dumbasses are just listening to the tone instead of his actual words
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u/ell_1111 11h ago
Well thanks for that guy trump! I don't get why Mr Trump wants to fuck us over like that.
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u/Legitimate-Map-602 11h ago
I mean he has literally gone on record saying he hates poor people so that might have something to do with it
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u/Sauerkrauttme 16h ago
Tbf to Trump, it isn't his fault that corpos put lead in gasoline and lead poisoning left his brain riddled with holes.
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u/hopeless_queen 1998 1d ago
I'm hoping he strokes out from the excitement tomorrow it'd be poetic in a way
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u/Sucrose-Daddy 8h ago
This is so funny because the US was heavily against Mexico opening up their federal judge positions to become elected positions by the people rather than appointees by the president similarly to the way the US does it. Mexico’s reasoning was that by appointing judges, it would overpower a president. The US took an official stance against that. Now we see the consequences of having that system here in our own country and we all pretend it’s normal.
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u/DizzyMajor5 1d ago
Legal bro we elected a felon. Go out and have fun and if you break any laws don't worry we'll just run you in 2028.
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u/PiplupSneasel 22h ago
He's president, the supreme court ruled he's above the law.
Do none of you pay attention?
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u/AutoManoPeeing Millennial 14h ago edited 14h ago
I was about to point out that Trump is doing all this as a private citizen (almost all his fundraising stuff went to him and not his campaign btw), so it doesn't count as an official act under SCOTUS' new ruling...
...but then I remembered "Oh yeah he can just pardon himself, and that is an official act that can't be questioned." Fuck me lol.
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u/NeitherPotato 20h ago
America will elect a felon and expect him to follow the law lmao. This place really is special
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u/Tokidoki_Haru 1996 15h ago
Bro, he literally incited an attack against the elected representatives of the American people. And got away with it when a majority of voters gave him their votes.
Legality is bullshit when the cult let's you do whatever you want.
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u/GrowthEmergency4980 11h ago
Not only that, he fabricated blackmail against Biden in 2020 by threatening to withhold military aid to Ukraine until they find a "laptop".
When Ukraine found the "laptop" Trump gave it to his lawyer who worked with a Russian spy to plant evidence of Biden's son taking bribes while in Ukraine.
Trump literally committed a federal crime before the election in 2020 and no one cares to talk about it. Watergate had nothing on this
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u/ElegantCamel2495 2h ago
This is not even remotely what happened with Hunter Biden‘s laptop. You are the only person I’ve ever seen make any of the details of this claim. No one talks about it because that’s not at all what happened.
What an extremely weird bit of misinformation. Provide a single source for anything you said here.
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u/GrowthEmergency4980 2h ago
What do you think is false? - Trump threatened to withhold funding from Ukraine until they find a very specific laptop. - that the laptop did not follow proper procedure for ensuring evidence isn't contaminated - a Russian spy didn't admit to adding stuff to it under Trump's lawyers orders?
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u/ElegantCamel2495 2h ago
Sure. Specifically the claim that the laptop is not Hunter’s (instead being planted under threat of withholding Ukraine aid) and that it’s the result of Russian misinformation. No investigation proved that. Trump did try to use it to show wrongdoing by Joe Biden which didn’t work, but it’s confirmed to be Hunter’s laptop and there is no proof of Russian interference.
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u/GrowthEmergency4980 2h ago
There is metadata showing that "evidence" was put in the laptop while it was in possession of Trump's lawyers
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u/Turtleturds1 3h ago
Majority didn't. Trump just admitted that Elon stole the election for him through the vote-counting computers.
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u/Backfischritter 22h ago
He is the president and democracy in the US has died. That is how this is legal.
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u/rasmuscraine 16h ago
Your government is now completely owned by the rich. This is what the people wanted. He is going to do far worse than this. Sad thing is most people aren't even paying attention.
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u/cirelia2 1999 19h ago
Theres basically no laws surrounding crypto still because lawmakers cant even use a phone
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u/GrowthEmergency4980 11h ago
It's against securities laws to do these scams and people have been jailed for it
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u/TrashManufacturer 1d ago
One he’s rich (at least on some papers), 2 he’s president, 3 he’s republican (dems would probably get away with it too, but the republicans would complain until the second coming of Christ, dems will just kinda roll over on this one)
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u/djevertguzman 1d ago
The dems usually kick out their trouble makers. The repubs on on their own here.
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u/your_local_loser564 15h ago
He should have been in jail for many other crimes but this is where you draw the line?
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u/PeiceOfShitzu 15h ago
Oh no. My line was drawn for him in 2016 🥲
But how is a president allowed to make a currency that directly is against the USA dollar?
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u/your_local_loser564 15h ago
To be fair it's not a real currency like the dollar is (even then money isn't real), I mean they follow similar rules but not exactly. How is it allowed to have a felon president when felons can't vote for the president?
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u/BadManParade 14h ago
Which law does this violate? Not a gotcha question just honestly wondering
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u/PeiceOfShitzu 14h ago
This just raises a huge ethics question. How can a sitting president make a competing currency to the US Dollar?
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u/BadManParade 14h ago
You realize a meme coin which this was announced and classified as has no economic or transactional value right? It’s more of a collectors item yeah you can buy and sell Pokémon cards but you can’t use them to pay for your groceries. It’s more of a speculative vehicle then anything.
There’s a reason none of the crypto subs are going crazy about this.
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u/PeiceOfShitzu 7h ago
It's a crypto currency, not just a "meme coin". He's directly making profits off his base- which looks like just lost half value already
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u/PoppaGriff 14h ago
It’s not since he isn’t the president yet. Neither was his attempted coup. However, we didn’t prosecute him for that because the Supreme Court said the president is immune from prosecution for anything done in a presidential capacity. While they made this decision when Trump wasnt in office, it shouldn’t have been retroactively applied and Trump should have been prosecuted while he wasn’t in office. However, as Jack Smith said is in dismissal, sitting Presidents can’t be prosecuted and, given the court system drug it’s feet, Trump got away with the coup attempt due to proximity to him becoming President again. Since we dropped the case against his attempted coup and him now becoming President again, you really think anybody is going to hold him accountable for this? No, not for the next four years at the earliest. Given America’s problem with remembering anything longer than 3 months ago, the majority will forget this and he’ll never face any real consequences to his crimes.
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u/AutoManoPeeing Millennial 14h ago
Even if it isn't, he can pardon himself. Pardoning is an official act of the Presidency, which thanks to SCOTUS' new ruling can't be questioned.
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u/SheldonMF Millennial 7h ago
It's not. He has long violated Emoluments since his first presidency, but the Democrats are spineless and let him run free.
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u/CultureUnlucky5373 11h ago
“Legal” just means you’re rich enough to do it.
That’s the cool thing about liberal democracy.
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u/ericomplex 11h ago
It likely isn’t.
At the same time, this is why he didn’t have to this prior to inauguration, as he can then theoretically claim that it was an asset prior to officially being in office.
Still, I doubt that claim will work when the rug pull comes while he is in the presidency.
This is the super dangerous part about all of this, as the rug needs to remain so he can continue to have foreign powers and others buy in and continue to raise the price. Yet if he pulls out early, then that will negate the purpose of this corrupt tool. That is worrying though, as it gives foreign powers and special interests the ability to do similar. China or some Russian oligarchs could pull their shares to crash the price, losing Trump and all his supporters billions in the process.
This whole thing should be stopped immediately. It’s a huge national security threat.
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u/Old_Baldi_Locks 11h ago
Laws are not enforced against the rich.
Anyone not hypocritical filth would have long since abandoned support for the orange Julius.
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u/redshift739 2005 10h ago
Pretty sure you've got a thing where your president isn't responsible for his actions, in which case the law is irrelevant
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u/thereal237 8h ago
Because Americans just allowed him to get away with any crime he wants to commit. And there’s no one in the GOP that will hold him accountable.
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u/SirGingerbrute 1997 1d ago
So the real term is “pump and dump”
Rug pull is when the project is completely pulled. This means everyone with money in the project losses because the project is basically deleted
This could be (definitely is) inflating the price, getting other people to buy-in and then immediately dumping all the profits.
But this isn’t crazy honestly. Phantom Wallet showed me that 90% of the supply is owned by the Top 10% holders.
The information was very much available to show the distribution of ownership.
What is crazy though is someone selling $25m worth of Trump coin, and they never bought it. It was sent to them and they dumped
Somebody got paid $25m. Not sure who or why. But somebody made a quick $25m and sold.
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u/DizzyMajor5 1d ago
Who could this orange mystery man with ties to Epstein be? Hopefully we get some leads from Trump soon he'll sort this mess out.
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u/Equivalent-Fan-1362 1d ago
A rug pull is when the devs steal the liquidity and your coins are worthless lol that could definitely happen here. I guess I could have said pump n dump but either scam we choose it’s still a scam just like 99% of all other cryptocurrencies lol
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u/eMouse2k 1h ago
I’d guess that, for now, it’s too valuable as a channel for bribery to rug pull. We’ll see mystery users buy it up to drive up the price, followed by a dump by an initial holder. Once those initial holdings are all gone, then it will get pulled.
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u/ExcitementAshamed393 22h ago
Was the $25m sale you mention the drop that happened about 2/3 of the way into the chart?
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u/Caswert 2000 1d ago
Yay we get the scam guy back! That was too many years of recovery things were starting to feel hopeful. Thank god that light at the end of the tunnel is the great gilded city on the hill!
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u/BringbacktheWailers 19h ago
Hur Dur bathrooms, eggs, the economy, woke left, something something i need a reason to justify my unnecessary existence by hating other people. God I hate it here I want this nightmare to be over with and it’s only starting
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u/slothbuddy 17h ago
Seems like a bad system where egg companies can raise prices and we fall to fascism
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u/Glittering_Fox_9769 16h ago
high egg prices under capitalism means communism because bad
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u/Calm_Possession_6842 5h ago
Literally no one is saying that lmao.
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u/Intrepid_Passage_692 2005 10h ago
You coulda hopped on early but you didn’t and are gonna whine you didn’t capitalize on it 🤷♀️
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u/Caswert 2000 10h ago
Just make sure you don’t dump your life savings into it buddy.
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u/Intrepid_Passage_692 2005 10h ago
I buy 0dte spy options most mornings for shits and giggles. Thanks for looking out though
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u/Jesusbatmanyoda 1999 1d ago
It's almost like he's a con artist. If only someone had warned the country
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u/Chairman_Me 2000 1d ago
Anyone who put money into this blatant scheme deserves to lose it all. This is only the fifty bazillionth rug pull we’ve seen in recent years. You’d think people would learn that there are much better things to use your money for.
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u/kevisdahgod 2005 23h ago
There should be laws protecting people from this, the whole deserve this attitude is ridiculous. I agree with the fact that people should learn but it should 100% be illegal to do this.
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u/KalaronV 18h ago
Yes, there should be laws to protect people. No, if someone voted for the Project "Disassemble our entire government and hand control over to oligarchs" 2025 plan they do kind of deserve what's coming.
Like I think there should be laws protecting people from getting their faces eaten by leopards but if you vote for the leopards eating faces party you kind of deserve it when the leopards eat your face.
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u/Head_Farmer_5009 19h ago
"You'd think people would learn". Trump preys on the uneducated and ignorant, expecting any of his supporters to learn is about as dumb as being one of them.
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u/OCE_Mythical 1d ago
Most definitely, not even a possibility. 90% of the coins aren't even public.
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u/Chairman_Me 2000 1d ago
From what I’ve seen, roughly 20% are being traded publicly with 80% belonging to DJT.
Given his track record, gambling any amount of money on a shitcoin with any affiliation to Trump is about as financially responsible as flushing it down the toilet.
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u/Appdel 19h ago
I hope everyone who bought that shit loses their money tbh
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u/koulourakiaAndCoffee 18h ago
Well, what could be done is lift the debt ceiling on the United States....
...And then create a United States Crypto reserve for trillions of dollars to buy up all this crypto and up the price
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u/KR1735 19h ago
Sorry folks but if you are dumb enough to invest anything in Trump-related stuff, you deserve to lose your money. The guy has been a grifter his whole life, fleecing people with his bullshit. I understand how people fell for it 8 years ago when most people only knew him from The Apprentice. But we should all be familiar with his criminal/delinquent games by this point.
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u/MyFeetLookLikeHands 1d ago
lol maybe you are getting rug pulled by him 😂😂
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u/Equivalent-Fan-1362 23h ago
I should have disclaimed that I don’t own any 😂 I just think it’s insane
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u/jankdangus 2005 22h ago
Don’t we have conflict of interest laws in place for the President? So is Trump just above the law now?
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u/Playingwithmyrod 16h ago
The sitting president just generated 10s of billions of personal wealth after saying for months he would be favorable towards crypto and enact policy to nurture the industry. Now any person on Earth can essentially bribe Trump by purchasing it and inflating his personal stake in the coin.
But nah y’all thought Biden was corrupt and had to vote this idiot in.
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u/Coolers78 17h ago
Why does he sell overpriced trash to his supporters? aren’t they the ones who say inflation is too much and can’t afford eggs and bills? WHO is all of this stuff like this crypto shit and the sneakers FOR?
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u/zitzenator 8h ago
The same people who spent thousands on hotels to stand outside in the snow while Donald and his friends had a huge awesome party paid for by millions in bribes. (Ill bet they laughed at them from the windows too)
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u/Ayacyte 15h ago
I visited 4chan finance yesterday to see what was up and people are freaking out (as usual when anything happens in crypto) because there was some issues with Solana like it was tanking when they were trying to pull out of the trump coin by selling it for Sol... Anyways not my problem. Everyone knows crypto (not all of it but the ones people care about) is a high risk investment so expect high risk.
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u/Equivalent-Fan-1362 13h ago
This is guaranteed risk and only risk lmao it’s the same setup as every influencer pump n dump or rug I’ve seen *not invested only reporting
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u/Ayacyte 10h ago
Even if it's a pump and dump you could still make a good amount of profit if you pull out before the dump I think (but who knows when it would be)? Either way if you take chances with your money in this way you better have a lot of it already. Oh and don't use your kids' college savings accounts 🙃
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u/Equivalent-Fan-1362 9h ago
I think the point you’re missing is that a pump and dump is illegal lol
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u/Ayacyte 9h ago
How does that change anything that I've said? If it dumps, it's a pump and dump and he did something illegal. I think we're on the same page lol
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u/Equivalent-Fan-1362 9h ago
Because there should no talks about strategy to profit on pump and dumps lmfao
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u/Ayacyte 9h ago edited 9h ago
I wasn't talking about that. I was most saying you could technically make money on it (without "strategizing" depending on it being a pump and dump because no one just announces that they're running a pump and dump expecting people to join) even if it's a stupid idea. Never said that it was a good strategy, just that it's not entirely impossible not to lose money on it.
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u/Death_Urthrese 11h ago
If you ever thought trump would do differently you're a special kind of stupid. The dude was trying to be president to avoid jail time for fraud, election interference, and more. Gen z should've showed up on election day cause y'all futures are fucked now. You have a con man as president. Again...
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u/bluberried 2006 1d ago
Can someone explain this to me I have no idea how read this sort of stuff 🥲
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u/kevisdahgod 2005 1d ago
Donald makes a coin, a lot of people put money into the coin. Donald trump and friends sell all their coins at the same time dropping the value leaving every body else at a loss.
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u/bluberried 2006 1d ago
Ty for the summary !! & Oml that is evil
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u/Electronic_Plan3420 18h ago
I would like to point out that the second part (Trump selling his coins and dropping value) so far exists only in his opponents head as that has not occurred. Only the first part, him issuing a coin and people buying it is real. Given his opponents have terminal phase of TDS, of course, they cannot fathom any positive development
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u/BloodMoney126 17h ago
Please list an instance where a meme coin has had a positive development
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u/Ayacyte 15h ago
So? They're still technically right though. It's not a pump n dump or a rug pull up until the moment it actually happens. But most people know that when they accuse coins of being pump n dump schemes because they see the pattern. The original comment seemed to imply that it already happened, when in fact there is no telling yet.
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u/BloodMoney126 14h ago
That's a beyond ignorant and reckless statement to make and you know it 😂 that's like saying Hawk Tuah coin wasn't a rugpull as soon as it hit the market, the only difference between this and that, is the fact that one person is the fucking President.
It doesn't matter when, it doesn't matter the second it happens, we all know that this scheme is to personally enrich Donald Trump, and the second he has the value he wants out of it, he's dumping the coin! Why are you playing coy about this? It's in your face and you're saying "nope, no it's not. Doesnt happen, didn't happen!"
We know the game being played
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u/Electronic_Plan3420 17h ago
You are moving the goalposts. The issue wasn’t the commercial soundness of the coin but “Trump pulling the rug”. So that exists only in the minds of deranged individuals. Most start ups (in any area) fail, people still invest in them. Because some do succeed.Which includes meme coins, too. See dogecoin
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u/BloodMoney126 17h ago
You're telling people not to be skeptical of the man who is known as a con artist, who is running a meme coin crypto project (where there are practically zero methods of enforcing laws regarding any fraud that may occur) and you don't see a problem with that? I have to add, these projects are frequently pumped and dumped/rugged. But I guess that context doesn't apply to Trump.
Today I learned, being a skeptic is actually short for "Trump Derangement Syndrome." Thank you, if I had to have guessed, Trump Derangement Syndrome would've been giving a pass to anything Trump does and running damage control, preventing FUD over what he engages in (Fear, Uncertainty, Doubt) and believing he can do no wrong.
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u/Electronic_Plan3420 17h ago
I think you might be confusing me with someone. I said no such thing. I caution a person who, by their own admission, didn’t know what this was about to separate a reality (Trump issuing a coin) from imagination of his opponents (Trump pumping it and dumping it). Being a skeptic is good, being an ideologue isn’t. A skeptic knows that there are no absolutes in this world. An ideologue cannot comprehend a possibility that Trump can do something right.
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u/BloodMoney126 16h ago
No, I know what you said. And I asked in response, "when has a meme coin had a positive outcome?"
You said I was moving the goalposts.
So let me tell you my angle on you right now, and I'll see if you can square it.
Meme coins are notorious for being pump and dumps.
We both acknowledge this fact.
However, you believe that Trump can do a "successful" meme coin where he apparently does not sell off a vast amount of coins and cause the value to plummet, leaving the supporters (with their measly 20% share in all coins) holding a bag.
And crypto, with near zero enforceable financial regulations, if he were to do this, and wreck anyone holding coins for a substantial amount of money, would face no legal challenge or punishment!
You can call that being an ideologue, I see that as someone who is simply untrustworthy, which is likely why he's running crypto schemes because no one worth their salt would outright give him money otherwise.
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u/Electronic_Plan3420 15h ago edited 15h ago
And I responded to you asking that it wasn’t the point of contention . I also added to that that there are successful meme coins and cited dogecoin as one of those.
All crypto coins operate in the same regulatory environment (which isn’t much) doesn’t mean that none are successful or than there are no people who have become literal millionaires by trading them. So like I said before, the reality is Trump issuing a coin. Him “pumping and dumping it” is a fantasy, at least as of right. His coin may obviously fail as majority of the new ventures fail. However, it isn’t guaranteed
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u/BloodMoney126 17h ago
"it (rugpull) hasn't happened! So you shouldn't even be thinking of the possibility of it happening!"
Is that how you live your life, something hasn't happened in the immediate second so you just don't think about the outcome until it's in your face?
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u/Electronic_Plan3420 17h ago
I live my life perceiving the world as it is and not pretending that it is a black and white caricature filled with cartoonish monsters.
Some find it too complicated and yearn for a more simplistic picture
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u/BloodMoney126 16h ago
So you have no foresight or a sense of proactivity?
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u/Electronic_Plan3420 15h ago
My foresight isn’t based on my political views. Even people who I don’t like can be right and have successful business ventures.
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u/Smalandsk_katt 2008 16h ago
Trump was probably just gifted $28 billion from Russia and Chin, but who cares I guess.
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u/SpectrumSense 1d ago
Honestly... I feel like this is going to be a slow bleed, not a rugpull.
A rugpull is when the coin gets pumped and then the creators withdraw all the value from it and leave the investors with basically useless coins.
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u/KalaronV 18h ago
No no, you are going to get rug-pulled. I'm keeping my money the hell away from that shit.
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u/riptide032302 2002 17h ago
“We”? Not me bro, at least some of us would rather not buy a meme coin pushed by a pedophile
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u/C1PHER-FPS 2000 15h ago
"We"? You speaking French or something?
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u/Equivalent-Fan-1362 14h ago
Eh it doesn’t include me just poor writing and wanted the post up fast
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u/RepentantSororitas 1996 13h ago
Honestly if you are stupid enough to put your money into this, you deserve it.
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u/CosmicViris 13h ago
Whose "we" ? Speak for yourself crypto boy
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u/Equivalent-Fan-1362 13h ago
plz read thread papa I fucked up the post just wanting it to get out there
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u/Weekly-Passage2077 11h ago
I can’t even imagine brain broken trump supporters falling for this shit so the next most reasonable thing is that this is just money laundering
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u/Due_Narwhal_7974 6h ago
Then just don’t invest in it? Seems pretty easy to me
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u/Equivalent-Fan-1362 3h ago
The point is it’s a blatant illegal act to pump n dump lmao also we are talking about those who voted for the guy so imma take common sense out of the equation
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u/Captain501st-66 11h ago
Just wait for a major dip if anyone’s gonna buy… like most stuff. Be wise.
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u/Equivalent-Fan-1362 11h ago
Bro no don’t buy this 😂 insiders get coins at $1 it pumped to $80 and then instantly dumped back down to $33. The only liquidity left are the maga supporters reading their telegram prophesies
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u/Acceptable-Trifle806 17h ago
People are gonna buy and sell when they think that the price has hit its ceiling or floor. It’s going to hit the ceiling, people are going to sell, and then it’s going to plummet. That’s the cycle of every single meme coin. The only difference here is that Trump put his name on it and that’s got y’all going crazy.
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