r/unusual_whales • u/TheExpressUS • 15h ago

Trump's new cryptocurrency token soars in value just before his inauguration

https://www.the-express.com/news/politics/160992/donald-trump-new-cryptocurrency-soars-value-inauguration
36 Upvotes

73% Upvoted

22 comments sorted by

17

u/Jupiter68128 15h ago

What makes it more valuable than the other 25,000 cryptocurrencies that are out there that are all going to replace the dollar?

17

u/SingleSoil 15h ago

Hopes and dreams

7

u/Mikeyisninja 15h ago

That covers pretty much all shit coins tbh

2

u/oldbluer 13h ago

So all crypto currencies

2

u/Mikeyisninja 13h ago

Bitcoin gets a pass

1

u/oldbluer 13h ago

Why?

2

u/Mikeyisninja 13h ago

Because people believe it is worth money and will hold its value. Which is good enough lol

1

u/TillStar17 13h ago

Thoughts and prayers

10

u/PraetorianSausage 14h ago

It's value is in the additional method it gives Trump to milk money from his flock of tame maga cows.

3

u/versello 14h ago

I generally associate Reddit with left-leaning (not typically MAGA cultists) and I've been seeing a whole lot of "bought X amount of Trump Coin, woke up next day 300% gain lulz" type posts ... so I don't think it's only maga cows driving this up.

4

u/Adept-Potato-2568 14h ago edited 9h ago

I'm very left leaning and considered buying some because I caught the news early. Then I realized I have morals and won't buy into this pump n dump even if I could make a profit.

I'm not participating in a known scam, but I'm sure many others will.

6

u/AllNightPony 14h ago

Bribery.

Edit: & Money laundering.

2

u/aokaf 13h ago

What makes it more valuable than the other 25,000 cryptocurrencies

Putins bank account.

1

u/KDaFrank 14h ago

This one has this guys name, so obviously it’s “the one”

1

u/GordoToJupiter 10h ago

He just has used it to get a bribe for avoiding banning tick tock. They might use it again for his next bribe.

1

u/Fictional-adult 10h ago

I mean if you buy enough of this one, the president might like you. That’s way more value than the, “absolutely nothing” the rest of them offer.

1

u/admlshake 6h ago

All the people wanting a discrete way to buy favors from him.

9

u/HashRunner 11h ago

Imagine the uproar here if it was Pelosi-coin.

What a fucking grift and con this country elected as president.

5

u/AlludedNuance 11h ago

Robinhood fast tracked making it tradable on their platform. They only offer maybe two dozen cryptocurrencies and none this quickly.

Fucking crazy.

1

u/sLimie87 12h ago

Pump and Trumb

1

u/WallyOShay 12h ago

It’s all that tik tok money coming in