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Personal Finance and Investing

Bernardo de La Paz

(53,850 posts)

4. tRump makes money from making market for buying and selling the coin. Could be some manip there.

Reply to mikelewis (Original post)

Fri Feb 28, 2025, 10:47 AM

Feb 28

$75 million
That’s how much Chinese crypto mogul Justin Sun has said his company has invested in World Liberty Financial, a decentralized finance cryptocurrency platform that Trump and his sons helped launch last year. Sun founded the decentralized blockchain platform TRON and is also known for his recent purchase of a banana for $6.2 million.

Sun and his companies were sued by the SEC in 2023 for allegedly artificially inflating the price of TRON, and the U.S. has also accused his company of facilitating transfers tied to groups designated as terrorist organizations. World Liberty Financial announced it had bought $4.7 million of TRON’s token, TRX, on Inauguration Day.

https://apnews.com/article/trump-crypto-watch-sneakers-memecoin-2b49fd975e2cce7a6f61e068f6fd04af

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Highlight:

The Chump Coin Pump and Dumpers [View all] mikelewis Feb 28 OP

Just like buying tulip bulbs. multigraincracker Feb 28 #1

Yes and no... mikelewis Feb 28 #6

Isn't manipulating markets against the law? Deuxcents Feb 28 #2

And ... ? marble falls Feb 28 #3

Isn't bitcoin an unregulated market? bluedigger Feb 28 #5

Yes but... mikelewis Feb 28 #7

tRump makes money from making market for buying and selling the coin. Could be some manip there. Bernardo de La Paz Feb 28 #4