For those of you wondering about the Trump cryptocurrency meme con, I mean coin, here are some details you might be interested in.

Headlines are reporting it "made $30 billion" or whatever and that is not correct and not true. They are reporting market cap which is not how much money people have invested.... at all. I can't say how much really has but it is no where near $30B.

-> The biggest thing to know is that 1 person/wallet holds 80% of the total minted coins. Next biggest wallet is 2% and then fractions of a %. I would guess "investors" are made up of insiders, people who actually support Trump, people who want to pay a secret bribe to Trump and most activity is day traders who only care about skimming a little profit.

So whoever holds that 80% essentially controls all the value in this coin. If they cashed out, its value would drop radically immediately because there is no real liquidly to back it up. So they could steal a chunk of the value invested but it would not be anything like $25B - only a tiny faction of that.

Even if this controller doesn't cash out there is a pretty good chance the whole thing will fall apart anyway because even in the world of crypto this thing is more like squid game than anything.

For the record I have no involvement whatsoever in this nonsense. I just find it interesting.

#trump #crypotocurrency #meme

Ok, this would be cool with a Ronin, Axie Infinity or FLOKI implementation. This would push gaming tokens into stratospheric levels.

#gametokens #crypotocurrency

https://www.pcgamesn.com/starfield/mod-economy