World Liberty Financial: The Grift that Keeps on Grifting

Hello readers,

We have long known that the Trump family is involved in the crypto business, but, at least at first, we saw this as just another Trump-themed merch drop —another way for the President to quickly add a few million to the family coffers. As such, we pointed the majority of our focus elsewhere.

And then, this past summer, the numbers from the TRUMP and MELANIA meme coins started being scrutinized, and our unkempt, bushy eyebrows began to rise.

For example, Reuters reported that the $TRUMP token generated nearly $100 million in trading fees in its first two weeks, even as the coin shed roughly two-thirds of its value from its early highs; on the Kraken exchange, we ourselves witnessed the TRUMP token plummet from an all time high of around $75 dollars to where it’s trading now, around $3 dollars.

CNBC later reported, citing Chainalysis, that around 764,000 wallets had lost money, while only 58 wallets cleared $10 milli…