You Won’t Believe Why TikTok Is in a Meme Coin Showdown With Congress (Oy Vey!)

by

So TikTok, the world’s largest time-waster (next to waiting in line at the DMV), is in the headlines again, folks! Some serious-sounding Congressman—Brad Sherman, who apparently moonlights as a conspiracy theorist—claimed that TikTok threw a whopping $300 million at Trump’s very official, totally real, definitely-not-a-joke meme coin:

  • TRUMP – $9.29 (Cheaper than a Broadway matinee!)
  • 24h volatility: 0.4% (As stable as your Uncle Sid after three martinis.)
  • Market cap: $1.86 B (That’s billion, with a “B”— oy!)
  • Vol. 24h: $267.71 M (Spinning faster than a dreidel on Hanukkah.)

Sherman got the idea after President Trump—yes, him again!—dragged out TikTok’s shutdown for another 90 days, meaning Gen Z gets to keep learning dances until at least September 17, 2025. But Sherman’s accusations went full-on melodrama:

The law allows only one single extension, so Trump’s failure to enforce it is illegal (cue Law & Order “dun dun”).

Now China’s TikTok bigwigs are buying “Trump Coins” for $300 million. Trump whips up coins from thin air, so it’s just a $300 million bribe. (Not Watergate. More like Gatorade.)

— Congressman Brad Sherman 🕵️ (@BradSherman) June 19, 2025

TikTok Responds: No Trump Coins Here, Just Dancing Teens

TikTok responded—likely while lip-syncing—in classic deadpan style: “That’s nonsense!” (But in official corporate how-dare-you language.) They even brought receipts from a letter Sherman himself signed last month. Either way, that’s showbiz, baby! Meanwhile, some folks dragged GD Culture Group into it—supposedly TikTok’s secret side hustle. They allegedly bought up $300 million in Trump Coins AND a nice haul of Bitcoin, because if you’re in for a penny, you might as well get a digital pound:

  • BTC – $104,161 (That’s a lot of zeroes for computer magic money!)
  • 24h volatility: 0.1% (About as exciting as waiting for Congress to vote on anything.)
  • Market cap: $2.07 T (Is that more or less than the national debt?)
  • Vol. 24h: $26.61 B (More trade in 24 hours than my aunt at a Boca Raton bingo table.)

Ever since Trump won the election (again! Don’t adjust your TV), he’s been pitching crypto like a used car salesman at a convention. The Trump Meme Coin? Shot up to $75, hit a $9.0 billion market cap, and probably found its way into your grandma’s 401(k). Hey, who needs gold?

TRUMP Coin Mania! Or Maybe Not, Who Can Tell?

Trump’s DeFi (that’s “Decentralized Finance,” not “Definitely Fictitious”) project, World Liberty Financial, jumped in to buy some TRUMP Coins, likely storing them in Al Capone’s vault. Yet, after all the hoopla, the price just lingered there like last week’s chopped liver. People questioned if any of this made sense—which in the crypto world is a foolish question.

So what’s the deal with $TRUMP? 🧐

Last week, the price stuck at $9. Whales dumped -2.57% (probably to buy actual fish).

Top 100 holders grabbed another +0.17%, hoarding 86% of the supply. It’s like Monopoly, but nobody wins.

Distribution score: 1. (That’s 1 out of…? Never explained!)

— Nansen 🧭 (@nansen_ai) June 20, 2025

As for the Trump Family, rumor has it they sold 20% of the World Liberty Financial stake. Maybe they’re cashing out for more golden toilets. Maybe they’re starting a TrumpCoin Casino in Atlantic City. Who knows? In the end, it’s all a meme, and the only true loser here is common sense. 🙃🎩🕺

Read More

2025-06-20 21:13