Mmastodon WorldUS Politics first seen 1 d ago, last 1 d ago, peak #10
Critics mock Trump coin's negative value against the dollar
Original: @ economics_that_works 4 min Yessiree Bob, buy Trump coin which has NEGATIVE AGIO to standard currency to “own the libs”
An economics commentator is mocking the Trump meme coin, pointing out that it trades below its face value when exchanged for standard currency, giving it a negative premium. The post mocks buyers who purchase the coins to show political allegiance in places like coffee shops, noting the coins cost considerably more than their actual purchasing power. The anecdote is drawing attention to the gap between the coin's symbolic political value and its real monetary worth.
Why now: The Trump meme coin's weak exchange value is being used to ridicule politically motivated buyers.
Evidence
- @ economics_that_works 4 min Yessiree Bob, buy Trump coin which has NEGATIVE AGIO to standard currency to “own the libs” at coffee shops. Just a word to anyone who has a coffee shop where this might happen. the coins cost considerably more than their purchasing power. who… · GhostOnTheHalfShell@masto.ai · 2
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