Trumpworld Crypto Coin Drops After Donald Trump Is Joined
Donald Trump seems to be getting into the crypto game now after he was given 500 billion “Let’s Go .” [Brandon]Token of a Trumpworld crypto investor mistake.
One might think that the association with the former president would promote value of meme coin. But instead, the opposite happened.
Between noon on Wednesday – the day the interview was posted – and early Friday afternoon, the value of the crypto token fell by almost 19%.
Trump coins, which were already worth about $10,000 less, are now down to $45,000 — a minuscule amount of $0.00000009 one piece—Though their value can increase dramatically if they evolve the way other memes do.
Trump’s post-presidential office did not immediately return The Daily Beast’s request for comment. It is not yet clear if he actually holds ownership of the tokens.
The gift was made by the coin’s staunchest advocate, speculative donor and staunch Trump supporter James Koutoulas, which he presented through a audio files hosted by Trumpworld D-list character David J. Harris. (According to Koutoulas, Harris is also a supporter of the coin.)
“Sounds good to me!” trumpet talk about gift. “I don’t know exactly what it means, but it looks good to me.”
As described by Harris, the coin’s supporters intend to use the tokens to support the “Free Carriers” who have repeatedly tried and failed to form a convoy in the Washington, DC areaand “firefighters, policemen, nurses, doctors” were fired for vaccination duties, which have since largely been relaxed.
“I’ll tell you what, those groups are the right groups to support… They’re great. They are great patriots, great people,” Trump said.
Koutoulas told The Daily Beast on Friday afternoon that he has yet to hear from Trump, while Twitter he wrote that he was “deeply honored” that Harris sold the coin.
It is unclear how a coin meme will accomplish the goals outlined on the podcast, not to mention that the previous iteration of the cryptocurrency was an absolute disaster.
As The Daily Beast report in February, the first token inspired by the slogan “Let’s Go Brandon” appeared after the NASCAR race last year. At the time, the crowd loudly chanted “Fuck Joe Biden” after driver Brandon Brown’s victory.
However, while interviewing Brown, an NBC reporter incorrectly forwards the hymn as “Let’s Go Brandon.”
The slogan quickly won the hearts of Biden’s opponents, many of whom seized the moment as an example of media censorship.
The crypto token was launched shortly after, and its market value surged to a peak of over $500 million; it even for a short time looked like the token can reach an official NASCAR funding agreement. Those plans failed and the coin has plummeted 99.5% from its high.
In the midst of the fall, some of the token’s investors and institutions began to be hostile. Koutoulas is set to file a lawsuit claiming that some of those individuals helped fuel the drop by selling off large amounts of their holdings.
On the contrary, one of those people told The Daily Beast that other coin supporters grew tired of Koutoulas’s politically active stance and as a result, they disbanded. “The guys hanging out in Puerto Rico don’t want to go against the government. It’s the opposite,” the person said of the crypto investors who live there.
In the end, some sides reached a ceasefire.
In an agreement hash out in February partly by Koutoulas, media executive James Heckman and representatives of Brown, they agreed to work together to launch a new version of the coin — something President Trump had gifted.
It seems that everything is still political. “People can’t stop me from using my political speech,” Koutoulas said.
https://www.thedailybeast.com/trumpworld-crypto-coin-sinks-after-donald-trump-gets-involved?source=articles&via=rss Trumpworld Crypto Coin Drops After Donald Trump Is Joined