'F-k this coin': Crypto traders fall out of love with Trump's digital ventures
Source: Politico
04/23/2026 04:46 AM EDT
President Donald Trump’s memecoin was once the talk of Washington. No more. Eleven months ago, a gala dinner for major investors in the cryptocurrency token set off a buying frenzy from MAGA-loving crypto traders, outrage among Democrats and a headline-grabbing protest at the event. But a similar event planned for Saturday at Mar-a-Lago is highlighting a growing disenchantment with Trump’s crypto ventures.
Over the last year, investors have shunned the so-called $TRUMP memecoin, a type of collectible crypto token whose logo depicts Trump raising his fist in the air and the words “Fight Fight Fight.” The memecoin is currently down more than 95 percent from its January 2025 high. Just a handful of lawmakers have publicly bashed the conference. And ethics watchdogs are only now starting to bark about it.
“Nobody likes it,” said Morten Christensen, a crypto investor who still plans to attend the Mar-a-Lago event and was at the 2025 dinner. “People are losing on the coin, and they are vocal. They are the people on Twitter like, ‘Fuck this coin’ or ‘It’s a scam.’ And they’re right, basically.”
Launched just days before his inauguration, Trump’s memecoin is overwhelmingly held by two entities: an affiliate of the Trump Organization and a company run by Bill Zanker, a longtime Trump business partner. Both collect fees on the memecoin’s trading, according to its website. Memecoins are a highly volatile type of crypto token that generally have no inherent value and trade based on online fervor. The tokens have struggled for much of the last year, amid a broad crypto market sell-off. But Trump’s other recent ventures haven’t fared much better.
Read more: https://www.politico.com/news/2026/04/23/crypto-traders-disenchanted-trump-memecoin-00888035?utm_content=topic/technology&utm_source=flipboard
= new reply since forum marked as read
... are either corrupt as fuck, or on their way to failing.
Steaks
Vodka
Fake university
Scam foundation
Meme coins
Bibles
Shoes
How does that distinguish them from the other crypto trash?
and the last time I looked (it sickens me to even look it up) it was at a little over $3. That was weeks ago. Those who bought it at or near its peak are totally screwed. We all know who made the most money from it. I've never even bothered to check Melanoma's meme coin.
"I really don't care. Do U?"
I'd probably put it in bonds that pay 4%. Even at that rate, it would still bring in $40,000 a year, which is much more than my annual living expenses 
"Stupid is as stupid does." There's a lot of stupid people in this country, and they're mostly all in Trump's cult.
If they want to sink big dollars into Chump's pockets, that's one thing. But they want to be sure they actually get something in return for their money, because that's how quid pro quo's work. But buying crypto coins is totally anonymous, there's no record of who bought the coins or how they paid for them. So how do billionaires get their quid-pro-quo's from anonymous gifts?
Just sayin'
But after the Taj was taken over by Carl Icahn from 45, they started offering cheap room rates through GroupOn and one of my sisters was able to get an ocean front room for a weekend with my niece for like $60/night. 
Icahn eventually sold it to Hard Rock and that's what's there now (right across from Steel Pier)!
(I know that was something they were trying to address)
At least in AC, there is the beach although over the decades, people complained about the amusement piers closing. (some to build condos), in order to force more people into the casinos to gamble. Fortunately there are still a lot of small shops along the Boardwalk and people can have fun finding all the streets that appear in the Monopoly board game! 
All kinds of bands played there including the Stones (where the instrumental of their song "
I Can't Get No) Satisfaction" became the opening theme of the local TV show "The Steel Pier Show".
Otherwise there wasn't much beyond on that farthest north of the Boardwalk.
