Trump Family Crypto & Other Corruption

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It certainly appears like possible insider trading by someone who shorted the token just ahead of Trump announcing the China tariff increase. But none of this will be subject to any government scrutiny, so it’s open season for crypto manipulation and insider trading trading.

But the insider who made a ton also profited off of others who just invested huge amount just ahead of the crash. It is not hard to view this as thinly disguised bribery by investing in this token a few days before someone with a huge position (likely an “early investor” since a bunch of their shares unlocked in September) dumped a huge amount of the meme coin.

Big losses on a political meme coin like this (especially just hours or days free a huge investment in the meme coin) look like bribery payments. Could just be catastrophically terrible investment timing (maybe “buying the dip” even as all Trump-linked crypto ventures have been taking a bath on large trades suggesting the early investors with unlocked interests are dumping), of course, but in an unregulated market of anonymous traders with the family of the POTUS as the original investors with unlocked coins to dump/convert to hard currency, it just stinks to high heaven.
 
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nycfan said:
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www.banklesstimes.com

Here’s Why Trump Coin and WLFI Token Prices are Crashing | BanklessTimes

Here are the top reasons why the Trump Coin and WLFI token prices are in a strong downtrend that has erased billions of dollars in value
www.banklesstimes.com www.banklesstimes.com
Click to expand...
“…There are several reasons why the Trump Coin and WLFI prices have plummeted after their launch, despite the Bitcoin price surging to a record high this week.

One major reason is that these tokens are highly skewed towards Donald Trump and his entities. He largely controls over 80% of the Trump meme coin and WLFI tokens. Crypto investors don’t appreciate it when a single entity holds most of the tokens and takes profits.

Another reason is that these two tokens are highly inflationary. There are now 199 million TRUMP coins in circulation against a maximum supply of 1 billion tokens. Data shows that tokens worth over $5 million are unlocked a day.

Similarly, there are now 24.6 billion WLFI tokens in circulation against a maximum supply of 100 billion tokens. Millions of tokens will begin to come into the market.…”
 
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nycfan said:
“…
There are several reasons why the Trump Coin and WLFI prices have plummeted after their launch, despite the Bitcoin price surging to a record high this week.

One major reason is that these tokens are highly skewed towards Donald Trump and his entities. He largely controls over 80% of the Trump meme coin and WLFI tokens. Crypto investors don’t appreciate it when a single entity holds most of the tokens and takes profits.

Another reason is that these two tokens are highly inflationary. There are now 199 million TRUMP coins in circulation against a maximum supply of 1 billion tokens. Data shows that tokens worth over $5 million are unlocked a day.

Similarly, there are now 24.6 billion WLFI tokens in circulation against a maximum supply of 100 billion tokens. Millions of tokens will begin to come into the market.…”
Click to expand...
“… Looking ahead, there is a likelihood that the Trump tokens, TRUMP and WLFI, will remain under pressure as Donald Trump’s influence wanes, especially in next year’s midterm election, where Republicans is expected to likely lose.“

——
Think about that paragraph when viewing Trump’s desperation to gerrymander his way to retain control of the House or at least limiting GOP losses in the midterm. He has billions of dollars of personal reasons to care, over and above the political power and oversight headaches of Dems retake the House.
 
nycfan said:
“…There are several reasons why the Trump Coin and WLFI prices have plummeted after their launch, despite the Bitcoin price surging to a record high this week.

One major reason is that these tokens are highly skewed towards Donald Trump and his entities. He largely controls over 80% of the Trump meme coin and WLFI tokens. Crypto investors don’t appreciate it when a single entity holds most of the tokens and takes profits.

Another reason is that these two tokens are highly inflationary. There are now 199 million TRUMP coins in circulation against a maximum supply of 1 billion tokens. Data shows that tokens worth over $5 million are unlocked a day.

Similarly, there are now 24.6 billion WLFI tokens in circulation against a maximum supply of 100 billion tokens. Millions of tokens will begin to come into the market.…”
Click to expand...
——
Another reason for the crash is the setup of WLFI has always been sketchy as hell. WLFI has central control so the controllers (Trump family and early investor cronies) can lock up or freeze specific wallets on the blockchain, which goes against the decentralized blockchain theory of crypto in the first place.

And despite WLFI has actually exercised that freeze right, including over Justin Sun’s wallet (he owns billions of the meme coins and they locked his wallet when they didn’t like a trade he made with millions of them).

So that freeze started concerns about blatant manipulation of the meme coins (after investors were told the Trump clan would almost never exercise the weird control mechanisms because of the negative impact on the value and their wider crypto brand), leading to a sell off that was already snowballing in October.

I mean, think about it — if you are an investor in WLFI, your wallet could be frozen during a sell-off to try to staunch the bleeding and stabilize the coin, so no matter what price you bought at, you couldn’t sell and are locked into riding down the market crash. And you know (or should know) this is permitted when you invest — it is a feature of the structure.

But you also get tor write off crypto losses on your taxes so there may be “investors” looking to invest in a tax loss to offset other gains and a more easily manipulated investment like this also makes this a useful tool for anyone looking for a guaranteed tax loss.
 
Just 9 months ago most would have thought at least the government is going to try to find and prosecute whomever did this.

Now it is much more likely the government will not only not try to find this entity, but will actively shield them if they’re associated with trump (also likely).

Transparency
 
Molotov Mocktail said:
Just 9 months ago most would have thought at least the government is going to try to find and prosecute whomever did this.

Now it is much more likely the government will not only not try to find this entity, but will actively shield them if they’re associated with trump (also likely).

Transparency
Click to expand...
I think it’s likelier to be someone connected to the government.
 


Also Melania Trump:

“First Lady Melania Trump was secretly recorded in the summer of 2018 …

… “I’m working … my a** off on the Christmas stuff, that you know, who gives a f*** about the Christmas stuff and decorations? But I need to do it, right?”

She continued, “OK, and then I do it and I say that I’m working on Christmas and planning for the Christmas and they said, ‘Oh, what about the children that they were separated?’ Give me a f****** break. Where they were saying anything when Obama did that? I can not go, I was trying get the kid reunited with the mom. I didn’t have a chance – needs to go through the process and through the law.”…”
 
Trump family adjacent [Don Jr is a partner in 1789 Capital]:

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🎁 —> https://www.wsj.com/politics/policy...0?st=uB5iCG&reflink=desktopwebshare_permalink

“An investment fund run by prominent Trump supporters pitched companies on sponsoring a conference it called the “Inaugural U.S. Treasury A.I. Summit,” during which it said Treasury Secretary Scott Bessent would unveil the Treasury Department’s artificial-intelligence strategy.

The fund, called 1789 Capital, circulated the pitch to technology companies in recent weeks, calling the Oct. 21 event “historic,” according to an email to potential donors and the pitch itself, a copy of which was reviewed by The Wall Street Journal. It offered an array of perks, including a VIP cocktail party and dinner, to those who paid.

After the Journal inquired about the event, the conference organizers released some details about it—including a different name for it, “AI Summit on American Prosperity,” that no longer included the word “Treasury.” People familiar with the event said it had been pitched differently in different venues.

… The fact that a private conference was marketed as a government-hosted event designed to unveil U.S. government policy startled ethics experts. While government officials often attend conferences that are sponsored by corporate interests as speakers, it is unusual for conference organizers to seek out sponsorships and characterize it specifically as a government event. …”
 
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