I imagine a lot of this is coming off the back of individuals/corporations/nations seeking influence over Trump; especially when you consider that something like 80-90% of initial tokens were owned by Trump and insiders.

A couple hundred million dollars is a small amount to pay for the leverage it could provide. I honestly think a large number of the biggest bagholders would be linked to the Saudi’s and Musk.

True, but it’s only a matter of time before it bites those people in the ass. Whether or not they’re smart enough to understand the cause (Trump/Musk chaos) or not - they’re going to suffer.

The best you can hope for this cohort is that they’re disenfranchised enough by the mid-terms to sit out the election and allow for a massive shift in the House and Senate… but given how spineless and feckless the Dems have acted over the past four years - I’m not holding out a”much hope.