Bitcoins - about to hit $5,000 per coin today!

[obsidian]

Trump X'd the Official Melania Meme 4 hours ago. Get it NOW before it dumps like the $TRUMP MEME! 

https://melaniameme.com/

https://x.com/realDonaldTrump?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

[obsidian]

At a guess, Trump coin launched on Solana so insiders can dump allowing them to buy up ETH.

I assume we likely once ETH is pumping they’ll launch it on there, dump and rotate.

Interesting people go apeshit about senators making 10s of millions from insider trading yet just days before getting into office, Trump launches a coin and his team will make 100s of millions….. I haven’t heard any uproar.

Reality is nobody gives a shit if you are also making money. Wouldn’t be surprised to see Trump remove taxes from crypto later this year.

[obsidian]

World Liberty Financial have been buying ETH non-stop today.

[obsidian]

Grok summary
Recent discussions around Ethereum have been sparked by significant developments including Vitalik Buterin changing his profile picture to a Milady NFT, and speculation about political figures like Trump and Putin potentially influencing or launching coins on Ethereum or rival networks.

Posts on X highlight Vitalik Buterin's profile picture change to a Milady NFT, suggesting a renewed interest or support for Ethereum from its co-founder.

There's speculation about political figures impacting Ethereum; for instance, posts discuss Trump's involvement with Solana and hypothetical scenarios with Putin launching a coin on Ethereum.

The Ethereum community appears to be rallying with calls for "wartime users" and a focus on bringing back fun elements like memes and NFTs to the ecosystem, indicating a push for increased engagement and utility.

[Mayday]

[img]quote

Yup.

This one not real hard to see. They even drew him 👀

Should be illegal as fuck though as he and insiders are front running govt policy…… this will dwarf anything Biden related.

Waiting for crypto tax removal to magically appear this year 😂

[Griffith]

World Liberty Financial now has almost 40K ETH, about $125 million worth, most of which was purchased the past few days. They have been buying non-stop.

Update: 43K ETH, worth $142 million.

[gib]

I don't think Trump will rugpull it. That's his brand and would not be a good look for him if it crashes and dumps. He controls the majority of the supply and will probably just sit on it. They might sell off small amounts here and there.

I think let's wait and see if Trump will really be good for crypto. He can have his $TRUMP so long as his policies help all the other major crypto projects. I want to see all crypto projects benefit - not just one or two.

Dude - its an inherent rug pull simply in the way it is structured and launched. They own the bulk of the coins, put a tiny bit of total supply on the market, a day before new president is inaugurated, forcing price way up on constrained liquidity. They take their gains from investors and put these into BTC, leaving idiots and fools holding the bag. No different to the Hawk Tuah girl coin. And now the Melania coin.

These idiots are no better than shitcoiners who don't realized that wealth is finite and so can be infinitely diluted into an infinite number of shitcoins. Only they are on the issuing side, which is "smart" in that it makes money for the issuer, but its highly unethical.

And even the shitcoiners who think the new SEC head may be good for shitcoins better be careful what they wish for. Gensler helped constrain shitcoin supply. It may now be an absolute free-for-all, leading to an absolute shotcoin bloodbath. And so, again, lessons will be learned...

[gib]

New ATH! USD $109,090.90K

[obsidian]

[obsidian]

Dude - its an inherent rug pull simply in the way it is structured and launched. They own the bulk of the coins, put a tiny bit of total supply on the market, a day before new president is inaugurated, forcing price way up on constrained liquidity. They take their gains from investors and put these into BTC, leaving idiots and fools holding the bag. No different to the Hawk Tuah girl coin. And now the Melania coin.

These idiots are no better than shitcoiners who don't realized that wealth is finite and so can be infinitely diluted into an infinite number of shitcoins. Only they are on the issuing side, which is "smart" in that it makes money for the issuer, but its highly unethical.

And even the shitcoiners who think the new SEC head may be good for shitcoins better be careful what they wish for. Gensler helped constrain shitcoin supply. It may now be an absolute free-for-all, leading to an absolute shotcoin bloodbath. And so, again, lessons will be learned...

They also bought ETH - over 40,000 ETH.

Rug pull means it crashed down 99%. I don't think that is what's going to happen. A 50% crash is not a rug pull. Even Bitcoin has crashed that much in the past. Trump controls the supply and he'll HODL enough to prevent a complete crash. At least that's my theory. I don't see how he benefits from his MEMEs crashing 99%. He's not some 13-year old sitting in his mom's basement ready to pull the plug on his MEME.

[gib]

They also bought ETH - over 40,000 ETH.

Trump controls the supply and he'll HODL enough to prevent a complete crash. At least that's my theory. I don't see how he benefits from his MEMEs crashing 99%. He's not some 13-year old sitting in his mom's basement ready to pull the plug on his MEME.

We will see. Wealth is finite. Memes are infinite. And gread and idiocy are also seemingly infinite. Long term, the truth always prevails.

[Griffith]

World Liberty Financial bought 4 ENS domain names

worldliberty.eth, trumpcoin.eth, erictrump.eth and barrontrump.eth

https://platform.spotonchain.ai/en/signal-details/world-liberty-financial-bought-4-ens-domain-names-309359

[gib]

Hasn't bought one or launched a coin for the presidential dog yet. Give it time... lol

[SouJerz]

If Ethereum is so great why is the price not going up?

[obsidian]

If Ethereum is so great why is the price not going up?

Well it has not dumped too much today. BTC was $109k a few hours ago and now it is at $104k and actually went down to 101.6k.

There's extreme FUD and negativity directed against ETH, when the fundamentals are great. ETH had decent deflation. Then people bitched about the higher fees. Eth then upgraded via Dencun to lower the fees. Now they are bitching at the inflation. Well, the past day ETH's inflation was -0.819%. Over 7 days it was 0.238%. 30 days 0.448%. That's still a lot less than Bitcoin's current inflation of 0.83% and way less than Solana with its 6-7% inflation. There's a 11.2 million SOL unlock coming in March.

But somehow people will criticize Ethereum's inflation and not Solana's.

Solana still has issues. Look at these Reddit posts:

https://www.reddit.com/r/solana/comments/1i5d74a/is_solana_down_havent_been_able_to_complete_any/

Is solana down? Haven’t been able to complete any transactions in the last hour

last 5 hrs for me lmao. still waiting for my pending transfer to go through 🤦‍♀️

Thanks for the reply man. I sent Solana from coinbase to phantom like 12 hours ago and still nothing. Is it possible to send a tip ?

Solana down trying to get 1.3M out nothing is working

3hrs I’ve been waiting on a transaction to leave Coinbase. How does a whole chain go completely down?

I see Solana choking under 4,000 TPS. SoLaNa brags about 16,000 - 1MIL TPS.

11.5 hrs and still waiting

Ethereum's price is extremely undervalued, due to FUD and BS. But that's often a bullish sign.

[Mayday]

BTC smacked down as without an event, it can’t gain traction. It’ll be a BIG event though, we won’t miss it.

Trump’s team are all through ETH, even buying wrapped Bitcoin instead of BTC.

They launched on Solana because that’s where the money flows for degenerates. Milk Solana and buy into ETH. Note the foundation hasn’t bought a single Solana token…..

Simply launch multiple memecoins, extract 100M+ and buy without ever using your own money…… oh and because of the 100M+ sales, the tax bill is now huge but they’ll dodge that by removing taxes on crypto.

Yet Biden pardoning people is the big news….. we only vote to switch the Devil.

[obsidian]

Donald Trump is starting to stake his ETH

Let me say that again....

The President of the USA is staking ETH



https://x.com/econoar/status/1881450526543684037

[gib]

From 10 min mark. Willie Woo explains the Trump #Shitcoin.

i=S8anQBUcBeYgJNBj

[gib]

Donald Trump is starting to stake his ETH

Let me say that again....

The President of the USA is staking ETH



https://x.com/econoar/status/1881450526543684037

Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.

[Griffith]

Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.

He also bought some Wrapped BTC on Ethereum 

World Liberty Financial now has $207 million ETH, $47 million WBTC and $15 million staked ETH.

[gib]

He also bought some Wrapped BTC on Ethereum 

World Liberty Financial now has $207 million ETH, $47 million WBTC and $15 million staked ETH.

Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.

[gib]

If Ethereum is so great why is the price not going up?

Same reason many other things which are great and useful also have little price. For example air, rain-water, the English language, etc are free.

The thing is, Eth (and many other competing and alternative smart contract blockchains, all of which can be infinitely produced), are public ledgers which enable digital contracts. Such a function can useful, but such usefulness does not necessarily translate into any fundamental monetary value. And this is where so many people are confused. These types of blockchains, as well as those which represent stakes in projects, and meme coins (essentially nonsense created out of nothing) can be contrasted with BTC (proof of work), which has a MASSIVE monetary value, to the extent it is adopted as a global ledger of wealth (which is indeed exactly what it is taking place now).

[SouJerz]

Well it has not dumped too much today. BTC was $109k a few hours ago and now it is at $104k and actually went down to 101.6k.

There's extreme FUD and negativity directed against ETH, when the fundamentals are great. ETH had decent deflation. Then people bitched about the higher fees. Eth then upgraded via Dencun to lower the fees. Now they are bitching at the inflation. Well, the past day ETH's inflation was -0.819%. Over 7 days it was 0.238%. 30 days 0.448%. That's still a lot less than Bitcoin's current inflation of 0.83% and way less than Solana with its 6-7% inflation. There's a 11.2 million SOL unlock coming in March.

But somehow people will criticize Ethereum's inflation and not Solana's.

Solana still has issues. Look at these Reddit posts:

https://www.reddit.com/r/solana/comments/1i5d74a/is_solana_down_havent_been_able_to_complete_any/

Is solana down? Haven’t been able to complete any transactions in the last hour

last 5 hrs for me lmao. still waiting for my pending transfer to go through 🤦‍♀️

Thanks for the reply man. I sent Solana from coinbase to phantom like 12 hours ago and still nothing. Is it possible to send a tip ?

Solana down trying to get 1.3M out nothing is working

3hrs I’ve been waiting on a transaction to leave Coinbase. How does a whole chain go completely down?

I see Solana choking under 4,000 TPS. SoLaNa brags about 16,000 - 1MIL TPS.

11.5 hrs and still waiting

Ethereum's price is extremely undervalued, due to FUD and BS. But that's often a bullish sign.

Noted

One more question.  If Bitcoin is so “bad” compared to ethereum.  Why does it keep going up?

[Mayday]

Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.

They’re involved. Part of why they reopened the WLFI sale again is to provide some cover for the 200M they just raked in from memecoins sale.

They can’t outright say it’s them for obvious reasons. Not illegal but ethically and morally front running your own future govt policies is questionable. Biden siphoned govt money, Trump siphoning public money 😂

ETH community is gagging over the purchase of ETH while in contrast go look at the Solana network and people are going apeshit because the memecoins just nuked a stack of their shitcoins as liquidity was sucked dry and taken to ETH.

[obsidian]

Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.

Source?

Here's what I found:

https://news.bitcoin.com/donald-trump-announces-world-liberty-financial-launch-were-embracing-the-future-with-crypto/

Donald Trump Announces World Liberty Financial Launch — 'We're Embracing the Future With Crypto'

Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said.

Donald Trump Announces Launch Event for His Family’s New Cryptocurrency Venture
Former U.S. President Donald Trump announced in a video he posted on social media platform X on Thursday the launch of his family’s cryptocurrency platform, World Liberty Financial.

“Join me, live on Twitter Spaces at 8 p.m., this September 16th for the launch of World Liberty Financial,” he encouraged his followers to join a live event next Monday. Emphasizing the platform’s focus on crypto, positioning it as an alternative to traditional banks, the former president said:

We’re embracing the future with crypto and leaving the slow and outdated big banks behind.

Trump had previously started promoting the platform in August on his own social media platform, Truth Social. “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand—together,” Trump wrote on Truth Social. The Trump Organization’s crypto venture has gained attention, with Trump’s sons, Eric and Donald Trump Jr., presenting it as groundbreaking in decentralized finance (defi).