{"id":16009,"date":"2025-03-04T06:46:53","date_gmt":"2025-03-04T06:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16009"},"modified":"2025-03-04T06:46:53","modified_gmt":"2025-03-04T06:46:53","slug":"300b-wiped-out-in-trumps-crypto-market-pump-and-dump","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16009","title":{"rendered":"$300B Wiped Out in Trump\u2019s Crypto Market Pump and Dump"},"content":{"rendered":"
\n

President Donald Trump incited a $300 billion crypto market pump on Monday following the announcement of a US crypto reserve.<\/p>\n

The same Donald Trump has now induced a $300 billion crypto market dump as his trade tariffs<\/a> come into effect on March 4.<\/p>\n

Total market capitalization has crashed almost 14% over the past 36 hours or so in a plunge to $2.82 trillion from over $3.2 trillion on Sunday evening. The move has wiped out all brief gains from the pump that followed his crypto reserve announcement on March 2.<\/p>\n

Coinglass reported<\/a> that more than 311,000 traders were liquidated<\/a> in the past 24 hours to the tune of just over a billion dollars.<\/p>\n

Trump Pump and Dump<\/h2>\n

\u201cTrump pumped it with a tweet. Trump dumped it with his tariffs. All his doing. Sad but true,\u201d commented<\/a> economist Alex Kr\u00fcger on X.<\/p>\n

Meanwhile, trader and analyst \u2018DonAlt\u2019 said<\/a> he guessed people came to the realization that Trump \u201cis probably not gonna be able to push this through Congress overnight.\u201d<\/p>\n

\u201cTomorrow, tariffs \u2014 25% on Canada and 25% on Mexico,\u201d Trump said<\/a> during a press conference at the White House on March 3. \u201cAnd that\u2019ll start\u2026 What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs,\u201d he added.<\/p>\n

Trump also signed an executive order on Monday raising tariffs on imports from China to 20%, up from 10%.<\/p>\n

The Trump dump has also hammered stock markets, with the S&P 500 erasing a whopping $1.5 trillion in market cap.<\/p>\n

\n

What just happened?<\/p>\n

The Dow just went from being up +300 points at the open to falling as much as -1,100 points in hours.<\/p>\n

Between 10:00 AM and 3:30 PM ET, the S&P 500 erased a whopping $1.5 trillion in market cap.<\/p>\n

Here\u2019s exactly what you need to know.<\/p>\n

(a thread) pic.twitter.com\/nQpKOlrihB<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) March 3, 2025<\/a><\/p>\n<\/blockquote>\n