POLL: 89% say it sucks that President Trump did a meme coin
Conservatives and liberals agree: shilling meme coins is below the office of the President.
We ran a very scientific poll on Instagram asking whether people thought it sucked that Trump did a meme coin:
Polling Results:
📊 POLL: Do you think it sucks that the president did a meme coin?
89% - Yeah, it’s grifty AF
3% - No, it’s totally legit
8% - Don’t care
2,937 respondents
😲 Why it’s surprising
We’ve run polls in the past at wehavethedata, and our audience seems to be evenly split between liberals and conservatives.
Background:
Trump launched a meme coin on the night of Jan 17, just three days before he took office. The market cap for $TRUMP peaked at about $14 billion and Trump controls about 80% of the total supply — which would have made Trump’s stake worth about $11 billion.
In the following days, $6.6 billion was cashed out, mostly by early buyers. Today, the market cap for $TRUMP sits at about $3 billion.
🐀 It gets worse
On January 17, Trump’s new Crypto Czar David Sacks hosted crypto ball. Tickets ranged from $100k to $1 million. According to Hayden Davis (one of the guys who launched $LIBRA and $MELANIA), some attendees were given exclusive pre-sale access to Trump’s meme coin at a valuation of $500M.
Crypto Ball hosted by Trump’s Crypto Czar David Sacks.
Some stats from Techmeme:
🌶️ My hot take:
It’s grifty and horrible. Wtf. This is not something you do if you’re main goal is to help the American people. No one should do this, especially not the freaking President. This guy sets such horrible example for our children.
But also, it’s not surprising. Here’s an old video where Cenk Uygar gives three examples of Trump conning people for millions:
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