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 I’m lost.
“pre-announced plan” sounds like stock options given to a CEO. Like Tim Apple selling Apple stock [though he’s obviously still doing his darnedest to pump the price up after]. That’s not necessarily horrible unless…
… they’re trying to legitimize a rug pull. Like if they’re marketing to drive the price up at the same time they know there’s a “pre-announced plan” to sell, you know, 85% of their holdings.
Is that the argument here? They’ve dressed up a rug pull in sheep’s clothing?