Oh. My. God. So, Trump Media, because apparently running a social media platform wasn’t enough, has decided to launch its own digital token. A regulated digital token, no less. It’s all terribly…modern. And conveniently timed, wouldn’t you agree?
Apparently, they’re pivoting towards a “tokenized loyalty model.” It sounds so…sophisticated. Like I should be wearing a beret and discussing blockchain over a soy latte. They’re using Crypto.com’s Cronos blockchain, which is, like, the trendy one, apparently. It’s supposed to bridge the gap between us retail investors and the wonderfully named ‘Truth Social ecosystem’. 🙄 Honestly, the names alone.
There’s been a whole lot of Trump-themed memecoins floating around, mostly fuelled by pure, unadulterated hope (and possibly questionable financial decisions). But this is supposedly more…institutional. As if! 🤔
Trump Media and Crypto.com
They’ve partnered with Crypto.com, because…well, who hasn’t partnered with Crypto.com? Apparently, it’s to avoid the whole “pump-and-dump” thing political tokens are so famous for. They’re going for “high-performance, interoperable infrastructure” instead. Rolls right off the tongue, doesn’t it? 😒
So, for the first time, DJT shareholders will get a digital wallet mirroring their equity. One share = one token. Which unlocks…perks. Across Truth Social, Truth+, and the upcoming Truth.Fi suite. Because everyone needs more Truth. It’s a whole Web3 experience. No, seriously. 🤦♀️ It’s using Cronos [CRO] to reward its loyal shareholders, because common decency isn’t enough, apparently.
Devin Nunes, the CEO and Chairman (bless his soul) said, and I quote, “We look forward to utilizing Crypto.com’s blockchain technology and improving regulatory clarity to implement this first-of-its kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets.” Right. Fair and transparent. That’s rich. 😏
Apparently, the legal structure is all about “utility” and not “investment.” Which, naturally, means it’s definitely an investment. They’ve explicitly said these tokens don’t represent actual ownership or profit sharing. It’s just…utility. Like a very expensive, digital key card. 🔑
They’re only giving tokens to “true beneficial owners” (whatever that means) and excluding borrowed shares. Because short-sellers are apparently the root of all evil. 😈
Market divergence and more
Predictably, this announcement sent the DJT stock on a bit of a jaunt, surging 5.33% in after-hours trading. Bringing its year-to-date gains to a spectacularly robust 33.20%. It’s been a bumpy ride, though. A 25.32% decline over the last six months thanks to some…historic insider trading allegations. Details, details. 🙄
But here’s the really interesting part. This whole Cronos-based token thing started happening just as the broader Trump-themed speculative market started to…well, deflate. The TRUMP memecoin? Down 4.53% in 24 hours. Despite a ridiculously optimistic 290.93% yearly gain, it’s slid 17.86% in the past month. It’s like watching a meticulously orchestrated drama. 🍿
And get this: The TRUMP team quietly withdrew nearly $94 million USDC from liquidity pools. Quietly. Over the past three weeks. Just a small detail. Nothing to see here. Except possibly the entire house of cards collapsing. 💸
Final Thoughts
- While all the other TRUMP-adjacent tokens are sinking with alarming speed, DJT is building something slightly less…chaotic. Baby steps, people. Baby steps. 👶
- Trump Media is rewarding only the truly invested (and possibly wealthy) while simultaneously trying to make life harder for anyone who dares to question their methods. It’s a bold strategy, Cotton. Let’s see if it pays off.
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2026-01-02 06:19