The Daily Populous Sunday May 18th, 2025 evening edition
Authored by newrepublic.com and submitted by Murky-Site7468

Yet this and more is what Donald Trump just did, and unless you follow the news quite closely, it’s possible you’ve not even heard about it. Or if you have, it was probably in passing, one of those second-tier, “this is kind of interesting” headlines. But it’s a lot more than that. As Democratic Senator Chris Murphy noted Wednesday: “This isn’t Trump just being Trump. The Trump coin scam is the most brazenly corrupt thing a President has ever done. Not close.”

Trump announced this week that the top 220 buyers of his $Trump (strump, as in strumpet) meme coin between now and mid-May will be invited to an exclusive dinner on May 22 (“a night to remember”) at his golf club outside Washington, D.C. The Washington Post and other outlets have reported that in the days since the announcement, “buyers have poured tens of millions of dollars” into the coin; further, that the holders of 27 crypto wallets have acquired at least 100,000 coins apiece, “stakes worth about a million dollars each.” Holders of crypto wallets are anonymous, if they want to be, so the identities of these people (or businesses or countries or sovereign wealth funds or whatever they might be) are unknown and will presumably remain so until the big dinner or, who knows, maybe for all time.

It’s also worth noting that Trump launched this meme coin just a few days before inauguration. Its value quickly shot up to around $75. It steadily declined through the first month of his presidency, and by early April, as Americans grew weary of a president who was tanking the economy, it had fallen to $7.14.

nvmenotfound on May 18th, 2025 at 09:13 UTC »

all they do is grift. not surprising. republicans are the most selfish people in america.

Itchy-Put1859 on May 18th, 2025 at 09:12 UTC »

His whole life he has been dodging justice. How does he get away with it. Will there never be justice for him and his cohorts

A1sauc3d on May 18th, 2025 at 08:31 UTC »

> You won’t believe it!

I honestly expected nothing less. He’s a conman, his whole administration is a scam with the sole purpose of enriching those who are in on it at the expense of everyone else in the country.

> in the first three months, the Trump family has become $3 billion wealthier, so that’s a billion dollars a month.