$TRUMP meme coin, that Trump launched to “have fun ” is turning into a lucrative business with more than $320 million made by trading in the coin.
The Trump family holds 80% of them. The rest ? Well many of them are foreign donors .....ooops I mean investors .
Foreign Interests Appear to Be Pouring Millions Into Trump’s Meme Coin
Bloomberg: TRUMP coin is dominated by foreign buyers, dinner promotions raise regulatory concerns. - AiCoinQuote:
Among the major holders of the Trump meme coin, more than half come from foreign trading platforms that claim to ban U.S. users, indicating that many buyers are from outside the United States.......
Currently, an analysis by Bloomberg shows that among the top 25 holders registered on the website leaderboard, all but 6 are using foreign trading platforms that claim not to accept U.S. residents. Among the top 220 holders on the leaderboard, at least 56% are using similar offshore trading platforms.
I was critical of the Biden crime family's pay to play . To be consistent I have to call out Trump for the same.
The top 220 investors will win the right to dine with Trump where probably the quid pro quo will be discussed.
But that is just a slice of the pie.
Last fall Trump and family launched World Liberty Financial. It has raised $550 million since . Eric and Donald Jr are active managers . It was cofounded by Zach Witkoff, son of Trump Middle East envoy Steve Witkoff .
In fact the principles list of the company is loaded with Trump and Witkoff names.
Reg S (1) (6)Quote:
8. Supporting Team* Inspired by the vision of Donald J. Trump, the team supporting the WLF commitment to reshape the financial landscape includes:
Donald J. Trump – Chief Crypto Advocate
Eric Trump - Web3 Ambassador
Donald Trump Jr. - Web3 Ambassador
Barron Trump - Web3 Ambassador
Zak Folkman - Co-Founder
Chase Herro -Co-Founder
Steven Witkoff –Co-Founder
Zach Witkoff -Co-Founder
Alex Witkoff -Co-Founder
Corey Caplan –Head of Technical Strategy
Octavian Lojnita -Blockchain Lead
Bogdan Purnavel –Lead Developer
Both Trump and Witkoff are headed to the Middle East . Among the places they will go is UAE and it's Capital Abu Dhabi .
Abu Dhabi announced this month they would invest $2 billion in World Liberty Financial’s tokens
Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says | Reuters
Justin Sun ;a Chinese billionaire invested $75 million in World Financial. What did that get him ? It got him a reprieve from the SEC.
Justin Sun Reportedly Spent $75 M. on Trump-Backed Crypto Firm
Billionaire Justin Sun wins reprieve as SEC pauses fraud case – DL News
