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I wonder if any of the small timers actually understood what a meme coin really is.
Rebecca Davis bought President Donald Trump’s meme coin while lying in bed one January morning in Little Rock, scrolling through photos of a glitzy Trump inauguration gala called the “Crypto Ball.” The host of a local conservative radio show, she knew nothing about cryptocurrency but believed in Trump’s business savvy. He “kind of knows how to make money,” she said.
Her $TRUMP coin’s value climbed for a few days but has since plunged 85 percent from its peak. Though some coin holders, including Trump’s allies, have profited handsomely on paper from the coin, she is not one of them; her $32 investment is now worth about $11.
“There was definitely a lot of influential people that had posted online about it that got me hyped up,” she said. “Then when it tanked, I was like, ‘Whoa, what the hell?’”
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Small-time Trump coin buyers have seen their investments collapse
Nearly 67,000 crypto novices have pulled out their debit cards to bet on Trump’s meme coin venture, a Post analysis found. So far it’s been a monumental bust.Rebecca Davis bought President Donald Trump’s meme coin while lying in bed one January morning in Little Rock, scrolling through photos of a glitzy Trump inauguration gala called the “Crypto Ball.” The host of a local conservative radio show, she knew nothing about cryptocurrency but believed in Trump’s business savvy. He “kind of knows how to make money,” she said.
Her $TRUMP coin’s value climbed for a few days but has since plunged 85 percent from its peak. Though some coin holders, including Trump’s allies, have profited handsomely on paper from the coin, she is not one of them; her $32 investment is now worth about $11.
“There was definitely a lot of influential people that had posted online about it that got me hyped up,” she said. “Then when it tanked, I was like, ‘Whoa, what the hell?’”
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