Early Investors in Donald Trump’s Memecoin May Have Been Tipped Off, Experts Claim

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Within moments of Donald Trump announcing his new coin, traders made high-value bets that quickly paid off.Did they have an edge?

Among the wallets that have profited most handsomely from TRUMP, Nansen data shows, are many that dealt in comparatively small sums, which implies that some regular people managed to beat the crowd in the same way as the big early traders.

They also claim that investors are not entitled to pursue damages, even in the event of “deceptive and unfair trade practices” and “misrepresentation” on the part of the Trump-affiliated company administering the coin.“That’s a stunning caveat,” says Powers.“Whether those kinds of waivers and disclaimers would actually hold up in court is another matter.

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Article Details

Author / Journalist: Joel Khalili

Category: BusinessTechnology

Markets: United States

Topics: Politics Donald trump Affiliate-disclaimer-disable Cryptocurrency Textaboveleftsmall Crypto Blockchain Web Show community Business Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 12:00:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1655 words

Reading Time: 10 minutes read

Sentences: 66 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 25892713

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Official Website: wired.com

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