Trumps meme coin scam?

 More Than 800K Have Lost $2B on Trump’s Meme Coin

President Donald Trump’s cryptocurrency, called $Trump, has cost investors billions. Trump announced the launch of his meme coin—a type of cryptocurrency that features Internet memes or celebrity mascots—just three days before his inauguration. “Join my very special Trump Community. GET YOUR $TRUMP NOW,” he wrote on TruthSocial. The opening sale for one of the 5,971,750 tokens was just 18 cents, but it quickly surged to $75. Early traders who purchased the meme coins within minutes walked away with profits, with the earliest trader making a two-day profit of $109 million, according to an analysis by the New York Times. But the price of $Trump has since plummeted to about $17, costing a far larger group cumulative losses of $2 billion.

Who's dumb enough to buy a meme coin and think yes this will be valuable? 

800,000 morons who will most likely still vote for him, because they're morons. 

There have been several conspiracy theories and concerns regarding the $TRUMP meme coin being a potential pay-off or a way for Trump to profit from his supporters. Critics argue that the coin could serve as a vehicle for bribery and conflicts of interest, allowing Trump to receive financial benefits from foreign adversaries or prioritize his personal interests1.

Some key points of these concerns include:

• Ownership and Control: Trump's companies own a significant portion of the coin's supply, giving them the power to influence its price.
• Ethical Concerns: The launch of the coin has raised ethical questions about potential conflicts of interest, especially given Trump's pro-crypto stance and promises to deregulate the industry.
• Potential for Corruption: Critics worry that the coin could be used for direct bribery or to benefit Trump financially at the expense of the public.

It's important to note that these are allegations and concerns raised by critics, and there hasn't been any concrete evidence to support these claims. However, the controversy surrounding the coin highlights the need for transparency and ethical considerations in the cryptocurrency space.