The Slow Newscast The $Trumpcon
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Mar 25, 2025 Stephen Fendison, known as CoffeeZilla, is an investigative YouTuber who exposes the wild world of cryptocurrency. He dives into the explosive launch of Donald Trump's meme coin, $TRUMP, and its dramatic rise and fall, examining how speculation and celebrity influence collide. Fendison also highlights a chaotic crypto scene in Argentina with Hayden Davis at its center, facing legal woes over a similar venture. The discussion raises critical questions about the unregulated crypto market and its potential impact on the economy.
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Libra Coin Scandal
- Hayden Davis, involved in the Libra coin launch endorsed by Argentinian President Javier Milei, profited $100 million.
- Milei's tweet caused Libra's price to surge before collapsing, leading to investor losses and legal action against Milei.
Meme Coin Sniping
- "Sniping" involves automating instant meme coin purchases at low prices before selling high, potentially making millions.
- Hayden Davis used this tactic with Libra coin, exploiting the unregulated nature of meme coins.
Melania Coin Sniping
- Hayden Davis confessed to involvement in Melania Trump's coin launch and revealed it was also sniped.
- He claimed to have been involved but wasn't the primary sniper.