• Crypto coin's value plummets following the orange clown's endorsement

    From Technobarbarian@21:1/5 to All on Sat Mar 12 06:31:08 2022
    "Crypto coin's value plummets following Trump's 'sounds good to me!' endorsement: report"

    According to a report from the Daily Beast, after Donald Trump was
    gifted with 500 billion crypto tokens by one of his boosters -- and gave
    a thumbs up to the gift with a "sounds good to me" endorsement -- the
    value of those tokens began to plummet.

    The Beast's Noah Kirsch and Zachary Petrizzo reported that the “Let’s Go [Brandon]” tokens were a gift from Trump supporter James Koutoulas that
    was announced on a podcast where the president was interviewed.

    After Trump gratefully accepted them -- while also admitting he didn't
    know how they worked -- their value began a quick descent.

    "Between noon Wednesday—the day the interview was posted—and early
    Friday afternoon, the crypto token’s value had fallen nearly 19
    percent," the report states. "Trump’s coins are already worth about
    $10,000 less, now down to $45,000—a minuscule $0.00000009 apiece—though their value could rise dramatically if they take off the way other meme
    coins have."

    According to the report, "the coin’s backers intend to use the tokens to support the 'Freedom Truckers,'" of whom Trump claimed, "I’ll tell you
    what, those groups are the right groups to support… They’re great. They’re great patriots, great people."

    The Beast report goes on to note, "It’s not clear how a meme coin will accomplish the objectives outlined on the podcast, not to mention that
    the previous iteration of the cryptocurrency was an absolute disaster.""

    IOW, they spent $55,000 worth of "virtual" money for advertising
    and, so far, it isn't going well. Absolutely no grift is too small for
    donald.

    TB

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