The Trump Family’s Crypto Scam Empire
In a shocking turn of events, the Trump family, led by former President Donald Trump, has been exposed for their involvement in a series of crypto scams targeting their most loyal followers. Just days before Trump’s presidential inauguration, the family launched multiple “meme coins,” enriching themselves at the expense of unsuspecting supporters.
TRUMP Coin: The Insider’s Scheme
Two days before his inauguration, Donald Trump launched the “TRUMP” crypto token. According to the token’s own tokenomics, only 10% of the supply went to public distribution, with the vast majority allocated to “creators” and CiC Digital, an affiliate of the Trump Organization. This insider-heavy allocation allows the Trump family and their associates to profit from the hype surrounding the presidency.
Targeting Unsuspecting Followers
The TRUMP coin website allows users to “Buy now with debit card,” targeting Trump’s loyal followers who may lack experience with decentralized finance. These supporters are being “onboarded” into a scam designed to extract money from their pockets, with the entire vesting schedule conveniently concluding during Trump’s presidency.
Melania and Barron Tokens: The Family Affair
Just one day after the TRUMP coin launch, Melania Trump’s official social media accounts promoted the “Melania” crypto token. With an even more egregious allocation, only 15% of the token supply was made available to the public. The token’s value quickly soared to $13 billion, allowing insiders to dump their holdings on the community.
The Trump family’s crypto scam empire expanded further with the “Barron” meme token, which has already undergone a pump and dump within hours of its launch. The same wallet holding billions of Melania tokens also holds a significant amount of Barron tokens, suggesting a coordinated effort to exploit the family’s popularity for financial gain.
World Liberty Financial: The Trump Connection
World Liberty Financial (WLF), a company closely affiliated with the Trump family, has been purchasing domain names related to the family members and their crypto tokens. This connection raises suspicions about the extent of the Trump family’s involvement in these scams and the potential for future exploitative schemes.
The Danger of Unregulated Crypto Scams
The Trump family’s foray into crypto scams highlights the dangers of unregulated “meme coins” and the ease with which influential figures can exploit their followers for financial gain. As the crypto market grapples with the fallout of these schemes, it becomes increasingly clear that stronger regulations and consumer protections are needed to prevent such blatant abuse of power and trust.
