Your memecoin is your slush fund

But in the long term, he can get a substantial portion of it out. Remember that every time someone wants to pump up Trump’s wealth, they have to trade USD for TRUMP. Trump himself could sell some of his TRUMP to the guy who’s trying to do him a favor, but this might violate some pesky anticorruption law. Instead, there will be middlemen — people wh... See more

For models like these to explain the value of TRUMP and MELANIA, there would have to be someone out there who thinks these memecoins have long-term value. But in fact, the models will work just as well if there are people out there who love to gamble , even when they know it’s likely to lose them money. We know from the existence of craps and roule... See more