Trump Supporters Have Lost MILLIONS Investing In His Meme Coin

According to a new analysis, supporters of Donald Trump that purchased the “meme coin” that he launched days before his inauguration have now lost millions of dollars. Interestingly, only 58 digital wallets that purchased the coin have made any profit at all, and those all happen to belong to major investors who have made a combined $1.1 billion. The average MAGA supporters are losing everything while their idols get even richer, as Ring of Fire’s Farron Cousins explains.   Link – https://www.mediaite.com/news/58-wallets-made-over-10-million-apiece-on-trump-meme-coin-while-764000-lost-money-report/   Subscribe to stay connected to our stories: https://www.youtube.com/theringoffire Support us by becoming a member on YouTube: https://www.youtube.com/channel/UCYWIEbibRcZav6xMLo9qWWw/join Or Support us on Patreon: https://www.patreon.com/TheRingofFire Buy Ring of Fire merch: https://www.buyrof.com/ Find us on social media! Facebook: http://www.facebook.com/RingofFireRadio Twitter: https://twitter.com/RingofFireMedia Instagram: https://www.instagram.com/ringoffirenetwork/ TikTok: https://www.tiktok.com/@ringoffiremedia *This transcript was generated by a third-party transcription software company, so please excuse any typos. Donald Trump's supporters have somehow still not learned the lesson that this man is nothing but a snake oil salesman. That is of course, going to take your money and leave you with something completely worthless. And the most recent instance of this, of course, is with Donald Trump's meme, coined the dollar sign Trump coin. And according to the latest data of all the wallets, the 2 million wallets that hold this meme coin, only 58 of them have turned a profit. Exactly. 58 of them have turned a profit, the rest of them have made no money at all, and three quarters of them have lost millions of dollars combined. So I'll get more to that in just a second. But let's talk about those 58, right? 'cause obviously 58 people know what they're doing because those 58 wallets that hold this coin made a collective $1.1 billion off of it. In fact, out of those 58 wallets, the lowest amount any of them made was only $10 million off this worthless meme coin. So how did these 58 make over a billion dollars? But all these other folks, the average, you know, just Trump supporter buying a couple of these things, how did they lose all their money? That is a question to which I do not have the answer, but I would love it if somebody could explain that to me, right? Like if you take a hundred people and they all invest in the same stock at the same time, and some of them make money and others lose money, that doesn't make any sense. And I know these digital coins are not like stocks, but they're also kind of a lot like stocks. So I don't know how that math adds up, but I do know that the 58 wallets, of course, all belong to very, super wealthy crypto investors. They belong to other countries like United Arab Emirates. So these were people that already had a lot of money who just made a lot more off Trump. Meanwhile, the remaining ones were all the mom and pop, just MAGA Trump supporters who bought this worthless garbage because it is a worthless piece of garbage that doesn't actually exist. And they combined lost millions and millions and millions of dollars. Make it make sense to me, somebody that understands this very stupid world of crypto. Sorry, maybe that's just me getting older and not liking these darn digital coins. But, uh, it all kind of seems very dumb to me. And by the way, I'm not alone in that. However, Trump made a lot of money. He's made a couple hundred million off this. As that coin kind of fluctuates In value. The wealthy elite have made a lot of money off of it. Other countries are making money off it while putting money in Trump's pocket. So what about the average little maga hat wearer who bought a couple of these stupid things? They lost everything. And the sick twisted part is next time Donald Trump launches his next grift, they'll buy that too. These are the same people that are walking around already with the Trump 20, 28 hats. They're the same people walking around in their Trump tennis shoes. The same people who own those completely worthless digital Trump trading cards. The same people telling us, trust the process. Trump knows what he is doing about tariffs. Say, you know what? Built 'em for all they've got, Donald, I don't care. I have no sympathy for these people. In fact, I have the opposite of sympathy towards them. I hope they lose everything. They deserve it at this point. If you are going to continue to follow this pied piper down this path of certain doom, after everybody along the way has told you this path ends in ruin for you, and you say, shut up lib, I don't give a, then you know what? I hope it happens. Hope you go bankrupt, and I hope Donald Trump takes all your money and laughs at you because at this point, that is what you deserve.