it's really not. the instant some insider starts selling the price will crash instantly dropping the price for other buyers. theres probably some momentum calculation when that happens but its not 25B
80% of the pool is kept by the creator. In 3 months, about 30% of the coins will vest. I assume that 30% is held by Trump and his inner circle. Once they sell in 3 months the price will crater and people will panic.
> It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
The US President is about to rug pull the country and make billions. What a timeline to live in.
I wish someone more knowledgeable could explain how this is currently valued at $25 billion.
Is that legitimately $25 billion “on paper”, or is that like an initial “stated value”? I don’t even have the precise language for the question.
Regardless, I’m sure it’s a big grift almost certainly, but I don’t understand the valuation.
Like any tradeable product, valuation = supply * current price. 1B supply * 25 current price = 25 billion.
Important to note - it doesn't mean there is 25B of value created.
it's really not. the instant some insider starts selling the price will crash instantly dropping the price for other buyers. theres probably some momentum calculation when that happens but its not 25B
80% of the pool is kept by the creator. In 3 months, about 30% of the coins will vest. I assume that 30% is held by Trump and his inner circle. Once they sell in 3 months the price will crater and people will panic.
I'm not more knowledgable, so I looked it up.
Trading is well underway, already up over 2000%.
With each Trump coin now worth almost 9 US pennies.
Just about a tenth of a dollar but not quite.
For recent quotes:
https://coinmarketcap.com/currencies/trump-coin/
> It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.