Conor McGregor just launched his own #memecoin grift.
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#memecoins
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❝ who are paying for those #memecoins… the Saudis… the Russians? ❞
― Cory Booker, US Senator (NJ), 2025 Apr 01
Trump did a quick pump and dump of his #TRUMP memecoin. It's been 3 hours since he tweeted about it and it's already almost over.
"If it was anyone else you would assume their account had been hacked."
national geographic going in on crypto scammers
absolutely incredible new brazenly pro-Trump anti-woke ad for #Solana, the memecoin blockchain where #TrumpCoin and most of the other garbage lives.
an ad so cringe even a lot of the crypto bros are like "ok anti-woke is over now".
crypto is a right wing extremist project. always has been, always will be.
[UPDATE] After 8 hours of constant abuse from the crypto bros on Twitter, Solana deleted the ad from the internet.
#NorthKorea confirmed to be active in the #memecoin markets (#PEPE is one of the bigger/more successful #memecoins). This is something I've always assumed but never seen fully confirmed.
American congressmembers like #MarkCollins are also active memecoin traders.
What could go wrong?
https://x.com/officer_cia/status/1900587377564766661
Continued thread
Trump has faced a fierce backlash since he and his wife #Melania launched #memecoins, #tokens with no practical use whose value is entirely based on #speculation, just days before his return to the WH.
"Donald Trump’s supporters have lost more than $12bn (£9.5bn) in a month after the value of the president’s cryptocurrency collapsed.
$Trump, a so-called “meme coin” unveiled on Jan 17, three days before Mr Trump’s inauguration, has lost more than 80pc of its value since its peak on Jan 19.
This has led to its overall worth falling from a peak of $15bn to $2.7bn on Thursday, as it suffered amid a wider crypto rout.
The paper value of the coins owned by Mr Trump himself has also fallen by $50bn.
While Mr Trump’s own losses have not been crystallised, investors are on the hook after spending heavily to back the Trump coin in the run-up to his inauguration, partly as a show of support but also as a gamble that the token would rise in value."
The Telegraph · Trump supporters lose $12bn as president’s cryptocurrency coin collapses
Continued thread
And, at the same time, the "new" SEC is calling memecoins "collectibles".
Remember the $Trump or $Melania ones just before inauguration? How they were pumped and how they crashed (except for insiders)?
But, the SEC just make them seem harmless... like baseball cards or beanie babies...
Crypto Mania
https://www.didiermary.fr/hype-cryptocurrencies-beanie-babies-mania/
If you invested your life savings in meme coins you were going to lose that money somehow anyway.
House Democrats Propose Bill Banning Political Meme Coins - Key Takeaways:
Lawmakers propose barring high-ranking officials and their families from... - https://cryptonews.com/news/lawmakers-restrict-political-meme-coins/ #blockchainnews #donaldtrump #uscongress #memecoins #news
The #SEC (which is now run by a crypto bro) just fully legalized #memecoins.
https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins
www.sec.govSEC.gov | Staff Statement on Meme CoinsAs part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets, the Division of Corporation Finance is providing its views[1] on “meme coins.”
House Democrats Propose MEME Act to Restrict Officials From Promoting Meme Coins - House Democrats introduced legislation to prohibit top federal officials and their... - https://news.bitcoin.com/house-democrats-propose-meme-act-to-restrict-officials-from-promoting-meme-coins/ #unitedstatesus #donaldtrump #cryptonews #memecoins
Bitcoin News · House Democrats Propose MEME Act to Restrict Officials From Promoting Meme Coins – Crypto News Bitcoin NewsHouse Democrats introduced legislation to prohibit top federal officials and their families from issuing or promoting meme coins.
"En todas pasó lo mismo: un pequeño número de insiders se llevó el botín a casa y el resto perdió. Unos pocos ganaron cientos de millones con $TRUMP y $MELANIA. El resto perdió colectivamente 2.000 millones de dólares. Los promotores sacaron más de 100 millones de comisiones por transacción. La memecoin centroafricana llegó a valer 900 millones de dólares antes del colapso. Libra llegó a valer 4.400 millones. Poco después, Musk subió un 123% el valor de su memecoin favorita (DOGE) cambiando su foto de perfil por una sosteniendo la motosierra metálica roja que le regaló Milei.
Quizá solo son presidentes haciéndose ricos a costa de su electorado. Pero las cripto son el vehículo perfecto para financiar campañas y esquivar las regulaciones tradicionales de financiación. De hecho, son un medio popular entre los grupos supremacistas, nazis y antisemitas americanos. Solo en 2023, la Liga Antidifamación llegó a certificar al menos 15 grupos de extrema derecha moviendo importantes cantidades en criptomonedas para sus actividades. En noviembre de 2020, varios activistas ultras recibieron medio millón de dólares en bitcoin de un donante francés, poco antes del asalto al Capitolio. El FBI cree que se usaron para financiar la operación.
Es improbable que la nueva Administración norteamericana siga investigando esos usos."
https://elpais.com/opinion/2025-02-24/la-nueva-criptoeconomia-de-la-ultraderecha.html
El País · La nueva criptoeconomía de la ultraderechaLas ‘memecoins’ no pretenden tener un propósito tecnológico o financiero, son una estafa piramidal vinculada a la nueva red de gobiernos populistas
How To Pump A Memecoin, 2025 Edition
1. get arrested for stealing pro #Israel yard signs
2. get sentenced to 8 months in prison
3. escape from prison
4. launch a memecoin
5. rug everyone for $50k
6. donate everything to Palestinian charities
7. go on the run from the law with an active twitter account and a firearm
never a dull day in crypto
https://x.com/peedenisonline/status/1893800513860174143
apparently a crypto bro just shot himself in the head on a live stream to pump a #memecoin after losing his last $500 gambling on crypto.
he died... but at least the memecoin price pumped.
when i wrote "cryptocurrency is a hideous monstrosity made out of computers and greed" i was not being hyperbolic.
fun fact: apparently he was linked to the same cybercrime group as #DOGEbro #EdwardCoristine ("#TheCom")
The #ProudBoys have launched a memecoin called "Proud Coin". The members who were imprisoned after January 6th are going to use the money raised to sue the American Dept. of Justice for wrongful imprisonment.
oh, and #EnriqueTarrio got arrested at the presser he called to promote it.
www.bbc.comEx-Proud Boys leader Enrique Tarrio arrested outside US CapitolEnrique Tarrio arrested after holding news conference near site of 6 January 2021 riot in Washington.
I very much doubt the current fundamentals of the blighted #SocialMedia service justify the proposed valuation.
#WallStreet exuberance can convince itself otherwise based on vacuous sentiment especially in the case of his Xness
Whether it is #MemeCoins, snake oil, or #Twitter, there are also #billionaures grifting
"Although Milei tried to do a televised damage control interview with Todos Noticias about the crypto scandal, when it was uploaded to YouTube by TN, an additional two-minute segment clipped from the original was also erroneously included. In the later-removed clip, Milei said he planned to use the state’s legal resources to work on his behalf. An adviser interrupts to whisper in his ear, after which the interviewer states, “Yes, I understand, I realize this could bring you a judicial mess.” Another earlier comment by the interviewer in the accidentally uploaded segment revealed that the interview questions had been vetted by Milei’s sister and several other close associates. Milei later stated in on-air section of the interview that those who had purchased the token knew what they were getting into, saying, “It's like playing Russian roulette and getting the bullet.”"
Citation Needed · Issue 77 – Whenever presidents get involved, if they become angry, you don't want to be thereA major crypto scandal tarnishes the reputation of Solana bigwigs, crypto influencers, and Argentine President Javier Milei.
"Argentine President Javier Milei is facing impeachment calls - and legal action accusing him of fraud - over his promotion of cryptocurrency on social media.
Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups.
He shared a link to buy it, causing its price to shoot up. But within a few hours, he deleted his post and the cryptocurrency nosedived in value, losing investors most of their money.
Some opposition members of Congress say they plan to start proceedings to impeach Milei. Meanwhile, lawyers filed complaints of fraud in Argentina's criminal court on Sunday."
www.bbc.comArgentina president accused of fraud over crypto crashSome have accused Javier Milei of performing a "rug pull" after he promoted a virtual coin on social media.