Ethical NIGHTMARE?! Trump Coin VIP Dinners, Family Ties & 764K Wallets Wrecked

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Trump’s meme coin just turned into a full-blown ethical disaster. After a quiet few weeks, the coin—$TRUMP—surged again after its creators offered VIP dinner access with Trump himself to the biggest holders. But beneath the hype? A mountain of red flags, including:
-$10B in coin value concentrated in Trump insiders’ hands
-764,000 wallets LOST money—while 58 insiders profited over $10M each
-Trump family’s connections to crypto firms & Bitcoin mining operations
-Why this looks like a textbook pump-and-dump scam
Do YOU think this is honorable?
www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski thought.

Speaker 2 (00:16):
This is a nightmare. Oh Trump's meme coin. This is
an ethical disaster. I don't like reporting on this. This
doesn't make me happy, this doesn't make my data, this
makes me sad disappointed. Quite frankly, about was four or
five weeks ago. Trump's meme coin looked kind of dead.

(00:41):
It was basically around zero. Then all of a sudden,
all of a sudden, the people behind the coin said, hey, hey,
guess what we're gonna We're going to give you access
to the President of the United States. The meme coins
creators invited the two and twenty biggest holders of the coin,

(01:03):
known as Trump Dollar sign Trump to a dinner next week.
The top twenty five will have a chance to hobnob
with Trump at a special VIP reception. Obviously, this set

(01:25):
off a frenzy of buying in this fake meme coin,
crypto luminaries, MAGA fans, speculators. One attendee plans to fly
in from Asia to promote a blockchain startup that aspires
to power the next generation of meme culture. Another one

(01:49):
is a support of the president who used crypto to
buy Trump branded watches. Yet another is a masked sleuth
who tracks down digital assets stolen by hackers. Anyway, Trump's
family is heavily involved in this bitcoin here, bitcoin mining

(02:13):
company World Liberty Financial. Trump's sons are behind that. Again,
are you seeing the conflicts of interest here? If you're
not familiar with what a meme coin is, it's fake money.
I could start a and I actually suggested this years

(02:33):
ago when we were making fun of this stuff. I
could come up with a watchdog coin. Yeah, watchdog coin.
It's usually associated with some celebrity. Remember Kim Kardashian lost
all sorts of money for people. There was that other
girl who was famous from I forget what she was
famous for, famous for nothing did something? People lost a
fortune on it. Again, the people it's a pump and dump.

(02:59):
The people that are in early, they do fine, and
then it's all the greater fools who get crushed when
the meme coin value crashes. Again, what is it? It's
nothing quite Frankly, the price of dollar signed Trump sored

(03:20):
after it's January seventeenth deview, then collapsed. Fifty eight investors
in the coin made profits. Fifty eight made profits and
excess of ten million dollars each, while seven hundred and
sixty four thousand digital wallets that held the dollar sign
Trump lost their shirts again, Greater fools. I'm gonna be

(03:48):
honest with you. Yeah, I've said this before. I have
a difficult time, difficult time feeling sorry for these people
that lost all of this money. I'm sorry. Just there's
no excuse for being that brain dead. You really don't

(04:11):
have any excuse. Insiders close to Trump. Insiders are sitting
on what they say value Right now, dollars Signed Trump
worth around ten billion dollars. Some eighty percent of the
coins supply is held by an affiliate of the Trump Organization,

(04:33):
the president's family business, and a Delaware LLC that's registered
to Bill Zanker. He was the one who launched the
Trump trading cards. They also make money when the dollar
signed Trump coins are traded. Since the Dinner announcement, the
Trump coin is up about thirty percent. It's still well

(04:57):
below what it was back on JA and you're back
in January when it launched. You think this is a
good look. Do you think that this is a wise
thing to do. You think it's a prudent thing to
do better? Yeah, do you think that this is an

(05:18):
honorable thing to do? Just asking watchdog on Wall Street
dot Com