Today in Politics, Bulletin 125. 5/6/25 764,000 people lost money on Trump's crypto scam
Ron Filipkowski
764,000 people lost money on Trump’s crypto scam according to data provided by analytics firm Chainalysis to CNBC: “Most of the wallets that lost money held smaller amounts of the token, according to the firm’s on-chain analysis. Crypto wallets are accounts that store the keys you need to access and use your cryptocurrency holdings.”
… And guess what, Trump and the con artists and grifters in his orbit made a killing off the rubes: “Chainalysis said that while around 2 million wallets have bought into the token, 58 wallets made more than $10 million apiece, totaling roughly $1.1 billion in gains.”
… 58 people made millions. 764,000 lost money. MAGA!
… Melania Trump also got in on the action. Financial Times reported that that a small handful of unknown individuals made millions in a few days after Melania announced her crypto scam the day before the inauguration. 24 accounts bought $2.6 million in tokens 2 minutes before they went live, then 81% of their purchases were sold within 12 hours at windfall profits. One person bought $681,000 of Melania crypto 64 seconds before the existence of the project was made public and sold it for $39 million hours later.
https://www.meidasplus.com/p/today-in-politics-bulletin-125-5625
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