Crypto Insider Trading

[Wrestleknownothing]

We have already discussed the democratization of bribery that $TRUMP and World Liberty Financial has allowed.

But now there is this. Of course there is.

From The Financial Times:

"A small group of traders earned a $99.6mn windfall by buying Melania Trump’s cryptocurrency token in the minutes before it was made public, an analysis by the Financial Times has found.

Melania Trump unveiled the $MELANIA coin in a social media post late on January 19, just hours before her husband was inaugurated as the US president.

In the two and a half minutes before her post went live on Truth Social, two dozen digital wallets bought $2.6mn of the tokens from the crypto marketplace where they had been deposited.

The traders profited when Melania Trump’s post sent the price of the tokens soaring. The wallets offloaded most of their coins rapidly, with 81 per cent of their sales taking place within 12 hours."

Hey, if we can use crypto for bribery, why not use it to normalize insider trading?

If you can use cheap Chinese labor to make bibles, hats, and other tchotchkes to extract dollars from followers, why not use crypto to extract every possible dollar from followers?