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  • 14 hours ago
A Trump memecoin trader criticized the president's reported crypto profits as investors absorbed major losses in the TRUMP token.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02A cryptocurrency investor who uses a market-neutral official Trump meme coin strategy
00:07to secure invitations to Trump-hosted events called
00:10the President's Reported $1.4 Billion Crypto Profits absurd and mind-blowing.
00:17Airdrop Alert founder Morton Christensen has regularly attended exclusive events for top
00:21Trump meme coin buyers, including a VIP dinner where Trump addressed guests at his golf club
00:27near Washington. In an interview with Benzinga,
00:30Christensen called President Trump's $1.4 Billion cryptocurrency profits over nearly 14 months
00:35absurd and mind-blowing. He criticized Trump for monetizing his presidency through cryptocurrency,
00:42merchandise, watches, and trading cards. The meme coin's market value fell 98% from nearly $15
00:48billion to $368 million, while investors lost a combined $3.81 billion, and Trump collected more
00:56than $635 million in royalties. Christensen sold his Trump holdings during the first week and now
01:03uses a market-neutral strategy solely to qualify for Trump-hosted events because he believes meme
01:07coins rarely last. For all things money, visit Benzinga.com.
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