Drudge Retort: The Other Side of the News
Sunday, July 05, 2026

Almost 1 million people lost more than $3.8 billion investing in President Donald Trump's memecoin, the New York Times reported Saturday.

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Nearly one million people who bought Trump's memecoin have lost money through the end of June. Their losses total $3.81 billion. Trump walked away with a $636 million payout on the same crypto bet.

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-- Kyle Griffin (@kylegriffin1.bsky.social) 11:15 AM · Jul 4, 2026

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Gullible rubes!!

#1 | Posted by AMERICANUNITY at 2026-07-04 01:38 PM | Reply

Chuckleheaded MAGAtards

#2 | Posted by LegallyYourDead at 2026-07-04 03:34 PM | Reply

He's paying them back with $50k signing bonuses to join ICE.

#3 | Posted by ClownShack at 2026-07-04 03:53 PM | Reply

Yeah... I've been asking what is backing up Bitcoin?... like what is the airy-fairy currency attached to that has tangible value?

Petro dollars are tangible assets...
Gold dollars...
Agro dollars...
Chem dollars...

The list goes on... and all those dollars are interconnected... to each other... backed by assets... making all these products and services available...

As far as I can tell... Bitcoin is a computer-generated graphic... an optical illusion... it "looks" just like a shiny coin...with some blopida blam... that has no connection to anything... just sits there... in computer ethers... waiting for someone with a surplus of tangibles... to come along...
smh

seeeee... this is why rich people have too much fecking money... Those cl0wns gave their disposable income... that was tied to the tangibles... to someone with no intent to sell them tangible assets...

The bitcoin profiteers... in turn take that money... keep it for themselves...by reinvesting it into the tangibles they hoard.
It's not money laundering... it's money being pissed away and flushed down the crapper...

THEY GOT WHAT THEY PAID FOR

#4 | Posted by RightisTrite at 2026-07-06 06:45 AM | Reply

And Bernie Madoff, in hell, is weeping, not in a fit of guilt of stealing millions from his friends in the Ponzi scheme of his, but weeping because he sees that Trump is a far far better criminal than he.

#5 | Posted by Hughmass at 2026-07-06 07:09 AM | Reply | Newsworthy 1

"According to Nansen, 988,905 buyers of the $TRUMP memecoin lost a total of $3.81 billion. The coin's value dipped 97 percent from its highest price, dropping from $75.35 to just $1.76 as of Friday, the Times reported."

Next time a thirty-four times convicted felon (financial crimes), adjudicated sexual abuser, children's cancer charity ripper offer, six-time bankrupt so incompetent he failed repeatedly at operating gambling dens approaches you, asking for you to give him your money for an investment that's golden because he says so ...

#6 | Posted by Doc_Sarvis at 2026-07-06 08:28 AM | Reply | Newsworthy 1

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