Donald Trump Jr. pumping memecoins?

X ^ | 1/19/2025 | Donald Trump Jr.

[millenial4freedom]

We are all extremely proud of what we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth and I truly believe that @WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started! 🚀— Donald Trump Jr. (@DonaldJTrumpJr) January 19, 2025

[millenial4freedom]

I will preface this comment by mentioning that I remain an unabashed supporter of DJT and proudly voted for him 3 times, as many of you have, but I'm scratching my head at this as it leaves a sour taste in my mouth.

If Sasha, Malia, or Chelsea promoted a speculative asset whose value significantly influences their net worth, we would (rightfully) vocalize our grievances about a conflict of interest there.

Of course, maybe I'm still salty that I've never touched cryptocurrency in my life, but I can't help but voice my displeasure over the memecoin pumping on X from several of the Trumps. Many Trump fans will buy at the top and incur losses after the inevitable crash of these memecoins (remember Hawk Tuah girl?)

Am I wrong to be just slightly paranoid over this?

[Libloather]

World Liberty Financial fine print -

DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and certain of his family members, own approximately 60% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial, Inc., a Delaware non-stock corporation and which is developing the WLF protocol and operates the WLF governance platform. WLF Holdco LLC holds all of the rights to net protocol revenues from the WLF protocol (other than net proceeds from the sale of $WLFI tokens) pursuant to the terms of agreements with World Liberty Financial, Inc. None of Donald J. Trump, his family members or any director, officer or employee of Trump Organization or of DT Marks LLC is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial, Inc., except that Eric Trump serves as one of the managers on the board of managers of WLF Holdco LLC. DT Marks DEFI LLC along with certain family members of Donald J. Trump also holds 22.5 billion $WLFI tokens, and DT Marks DEFI LLC is entitled to receive fees from World Liberty Financial, Inc. pursuant to a service agreement, equal to 75% of $WLFI token sale proceeds after deduction of agreed reserves, expense and other amounts.
Any references to or quotes or imagery attributed to or associated with Donald J. Trump or his family members should not be construed as an endorsement or representation or warranty with respect to any product or service offering. $WLFI tokens and use of the WLF protocol and governance platform are offered and sold solely by World Liberty Financial, Inc. or its affiliates. WLF Holdco LLC, DT Marks DEFI LLC, World Liberty Financial, Inc., the WLF protocol, WLF governance platform and $WLFI tokens are not political or associated with any political campaign.

[spokeshave]

Also touting gold coins as an investment against the dollar decline

Seems to me this goes against the policy of Trump.

[sinsofsolarempirefan]

Totally dumb idea to do a crypto meme coin scheme in his position.

It would be best if he held on to all the crypto he has so he doesn’t profit personally from this pump and dump, or rather “Trump and dump”.

[Katya]

its sus

least favorite of all the Trump kids, always seemed a bit of a slime ball

[hcmama]

At a minimum it’s just....tacky

[Strict9]

I agree it’s scummy. I could see Zelensky doing this. Plus, now whenever Trump has anything to do with with crypto, people will say he has a vested interest. That being said, Dave Portnoy made a million the other day off of the $Trump coin

[Vermont Lt]

He has peddled sneakers, watches, cologne, and bibles.

Anyone who has a modest interest in crypto would have recognized this for what it was: A blatant money grab.

It was done on a third rate coin (SOL) and the basis is not a blockchain. Any comparison to Bitcoin is just wrong. That needs to be understood.

And buying this thing was not “easy” for the average noobie investor. So, this could be presented as a way to transfer a lot of money to Eric, et al in a back handed way. I imagined Baron sitting in the back of the airplane laughing his ass off.

It won’t be a good look for the family. And the timing was horrible.

The best thing that could happen is that the corporation could turn around, pay taxes on the gains, and donate the rest to the North Carolina and CA disaster relief.

I doubt that will happen. As of last night, the corporation has sold a lot of these coins and turned them into about $42MM in Etherium; which is the second largest crypto. Not bad for about three days worth of work.

[Ancesthntr]

I agree - this is - at best - quite unseemly. It detracts from the inauguration, and gives the impression of low integrity. After the (thankfully exiting) current administration, we need to go in the other direction.

[catbertz]

Agreed. I’ve been watching this play out and can imagine all the lawsuits and Congressional investigations when people lose money as it crashes. It’s begging to be the next Trump impeachment sequel. *Groan*

[delta7]

Big, big, big mistake. The BIS ( world financial settlement system) and Basel III Bank Accords states all E currencies are not recognized assets…..Gold is now a Tier One asset…

https://www.investopedia.com/terms/b/basell-iii.asp

[delta7]

Also touting gold coins as an investment against the dollar decline
—————

Restated, Gold is insurance against dollar ( world currencies) decline.

Interesting to note a milestone was attained last week, Gold attained historic record highs in the world’s currencies- all except for the USD.

The price of Gold does not change- the amount of currency to buy an ounce does. Simply put, Gold measures the health of a paper currency, and all are doing poorly, especially in purchasing power.

[SunkenCiv]

Sounds like good marketing, although I'm not interested. And, concern trolling alert.

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