i’ve been writing about crypto for a while now, but this new addition to the $TRUMP memecoin website fine print may be the most blatant “lol you suckers are our exit liquidity” i’ve seen so far
(CIC Digital is just a shell company Trump uses for the $TRUMP memecoin and some other projects; it’s wholly owned by Trump’s revocable trust)
![Screenshot of text: activities, leaderboard competitions, events, or other benefits offered through the Coin Club are independent of, and are not designed to influence the timing or execution of, any token disposition program that may be in effect. [begin highlight] The existence of a Coin Club promotion or event does not indicate that Fight Fight Fight LLC, CIC Digital LLC or their respective affiliates are not contemporaneously disposing of $TRUMP coins [end highlight] pursuant to a pre-announced plan, and you should not acquire or accumulate $TRUMP coins based on any expectation that promotional activity will increase or maintain the market price of $TRUMP coins. You](https://media.hachyderm.io/media_attachments/files/117/452/972/540/065/252/original/e370739e3d504667.png)
@molly0xfff@hachyderm.io
My old boss at the hedge fund gave speeches that moved markets, or at least specific stocks. The Wall Street Journal gave it a nickname [The Einhorn Effect] and once tracked the stock movements during one of his speeches in real time with an infographic
I'm not sure his disclaimers were less subtle:
"[Hedge fund] has an economic interest in the price movement of the securities discussed in this presentation, but [hedge fund's] economic interest is subject to change without notice"