Trump’s Memecoin: A Comedy of Errors and Profits! 😂💰

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  • Oh, how the mighty have returned! Eric Trump, once a distant admirer, now embraces the TRUMP token with the fervor of a long-lost lover, linking it to WLFi after a brief, scandalous dalliance of denial.
  • This memecoin, dear reader, is not merely a digital trinket; it is a passport for foreign intrigue, artfully sidestepping the mundane shackles of campaign laws through the delightful anonymity of crypto transactions.

Eric Trump has now confirmed what many suspected – The Trump family is all-in on the Official Trump [TRUMP] memecoin. A revelation as shocking as finding a cat in a dog park!

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Just days ago, Trump’s sons claimed they had nothing to do with the token, framing it as just an unwanted offshoot. Now, with the first son openly backing TRUMP, it’s clear the family’s crypto plans are becoming harder to spin as incidental. Oh, the tangled webs we weave!

Power, profit, and the presidency

The President has long made a business out of his name, licensing it across everything from bottled water to real estate towers he didn’t build. Now though, as the President for a second term, Trump’s most lucrative hustle may be his simplest yet – Cryptocurrency. Who knew that digital coins could be so… presidential?

The TRUMP token launched ahead of his January inauguration, riding pure speculation and presidential proximity. A true testament to the power of proximity!

The price surged to $75, then crashed — but the family profited either way. With each transaction, they earned fees. And in crypto, it’s not just about money — it’s about who sends it. Because, darling, the rules are different for those who wear golden crowns.

Foreign investors, regulatory gaps, and anonymity create a channel for the kind of monetization no other modern president has dared attempt. A veritable buffet of opportunity!

The real concern isn’t volatility — it’s access….

What makes the memecoin more dangerous than just another speculative asset is how easily it enables foreign actors to buy access. A delightful twist in the tale!

After TRUMP’s value nosedived, the venture launched a sweepstakes-style promotion – The 220 largest token holders would be invited to a gala dinner at Trump National Golf Club in Virginia, with the top 25 receiving VIP access to the President and a White House tour. A dinner party fit for a king!

It wasn’t billed as a campaign event, nor a fundraiser. Just a business event, with the price of entry pegged to TRUMP holdings. How very clever!

No list of attendees was released, but investigative reporting found that nearly half of the top 220 buyers used crypto exchanges that block U.S users, suggesting a foreign origin. Of the top 25, nineteen fell into the same category. A veritable international soirée!

The standout guest – Justin Sun, a Chinese crypto billionaire facing fraud charges from the SEC under the Biden administration. A match made in crypto heaven!

Sun spent over $20 million on Trump tokens and became the top buyer, granting him prime access at the dinner. Funnily enough, just weeks into Trump’s second term, the SEC moved to pause its lawsuit against him. Coincidence? I think not!

A system bent for Trump’s benefit

Trump once dismissed crypto as “based on thin air.” Now, it’s a cornerstone of his post-presidency profit model, and his administration is moving quickly to clear the path. A true metamorphosis!

In April, the Justice Department was instructed to dismantle its crypto fraud unit. A month later, Trump sat at the dinner table with his top token holders and declared,

“There is a lot of sense in crypto.”

The contrast is sharp. Just last year, Sam Bankman-Fried received 25 years for fraud tied to FTX. Trump’s approach flips that script, gutting oversight and giving green lights to the very industry watchdogs that failed to contain. A masterclass in irony!

His promise? To make America the “crypto capital of the planet.” A lofty ambition indeed!

Wider pattern of monetisation

Trump has never pretended to follow the ethical norms of previous presidents. In fact, he had refused to divest from the Trump Organization in his first term. A true rebel!

He had ignored voluntary conflict-of-interest rules every other president had honoured. His sons continued to manage the business, striking licensing deals that required no capital but yielded hefty fees. A family affair!

The second term has been no different, just more digital. Since January, the memecoin token and affiliated crypto projects have earned the family over $350 million in trading revenue and fees. A staggering sum!

These aren’t donations, and they don’t fall under campaign finance laws. They’re profits – Anonymous, mostly untraceable, and intertwined with Trump’s role as President of the United States. A delightful dance of dollars!

WLFi becomes the anchor

The Trump Organization has long prioritized branding over building, and its crypto ventures have followed suit. In September, the family launched WLFi, now central to Donald’s financial ambitions. A new anchor in the stormy seas of finance!

After his election win, Justin Sun bought $75 million worth of WLFi tokens and became an adviser. A partnership forged in the fires of ambition!

On 01 May, Eric Trump and Zach Witkoff announced a $2 billion investment via a WLFi-issued stablecoin, backed by Abu Dhabi’s government. The profits from that deal could be immense. A treasure trove awaits!

Last week, the sons tried to distance themselves from TRUMP. This week, Eric reversed course, officially linking the memecoin to WLFi. A classic case of “you can’t live without me!”

Of course, that shift wasn’t random. The stakes are now too high. The profits, too large. The sons are back in. Why? Well, because the money never really left. A tale as old as time!

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2025-06-09 10:28