This #Child Made $30K #Rugging a #Solana #Meme Coin— Then #Crypto Degens Got #Revenge

Source: decrypt.co/292594/this-child-m…

But as the token hit a $1 million market cap, the #kid promptly sold and dumped his bag, resulting in the token’s price falling 54% in a matter of seconds. This has been defined as a rug pull by on-chain data visualization company, Bubblemaps.

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After the rug, the kid created another token called I’m Sorry (SORRY), which hit a $4.5 #million market cap after he sold at the $400,000 level for just over $13,000. Then another token based on his dog (LUCY) hit a $3.8 million #market cap, after he split his supply, selling around $20,300 worth when the token was around a $700,000 market cap.

It's a mad world burning money...💰 🔥

#internet #marketing #news #cryptocurrency #finance #money #economy #fail #token

This Child Made $30K Rugging a Solana Meme Coin—Then Crypto Degens Got Revenge

A teenager was giddy after rugging his meme coin, dumping it for $30,000 while crashing the price. But degens made sure he regretted it.

^{Ryan S. Gladwin (Decrypt)}

The #President of #ElSalvador, Nayib #Bukele, the first country to accept #Bitcoin as a legal #payment method, announced that they have made a #profit of 305 #million #dollars (approximately 11 billion TL) from their #cryptocurrency investments totaling 268 million dollars to date.

Source: en.haberler.com/el-salvador-ha…

El Presidente, please allow me to briefly explain #capitalism to you. As long as you do not sell bitcoins, the profit and the previous loss are only theoretical. El Salvador is a poor country and has no #money for #speculation. This means you have to take out expensive loans to pay #salaries in the state apparatus and so you make a loss and not a profit.

#news #technology #Software #Problem #economy #politics #fail #btc #future #trump #investment #dollar

El Salvador has made a profit of over 10 billion Turkish lira from Bitcoin.

The President of El Salvador, Nayib Bukele, the first country to accept Bitcoin as a legal payment method, announced that they have made a profit of 305 million dollars (approximately 11 billion TL) from their cryptocurrency investments totaling 268 …

^Haberler.com