Nemeski@lemm.ee to News@lemmy.world · edit-23 months ago'Dumping like crazy': Trump accused of 'rugpull' scheme now valued at $32 billionwww.rawstory.comexternal-linkmessage-square125fedilinkarrow-up1540arrow-down17
arrow-up1533arrow-down1external-link'Dumping like crazy': Trump accused of 'rugpull' scheme now valued at $32 billionwww.rawstory.comNemeski@lemm.ee to News@lemmy.world · edit-23 months agomessage-square125fedilink
minus-squarefutatorius@lemm.eelinkfedilinkarrow-up7·3 months agoPeople have not actually put $9 bn into it. The value is crudely extrapolated from price and volume, but there’s nothing actually there.
minus-squarephughes@lemmy.calinkfedilinkEnglisharrow-up2·3 months agoI guess that makes sense. So if they only sell 1 coin out of 1 million and they sell it for $100 then they can walk around saying the lot of coins as a whole are worth $100 million? (obviously a simplified example)
People have not actually put $9 bn into it. The value is crudely extrapolated from price and volume, but there’s nothing actually there.
I guess that makes sense. So if they only sell 1 coin out of 1 million and they sell it for $100 then they can walk around saying the lot of coins as a whole are worth $100 million? (obviously a simplified example)