While the “Let’s go Brandon” phrase is an anti-President Joe Biden joke used by Donald Trump supporters, some conservative figures are pushing digital coins based on the infamous phrase (much to the detriment of the US President).
Ryan Fournier and Candace Owens, political pundits and founders of Students for Trump, are among the people promoting two separate “Let’s go Brandon” digital coins.
In a Wednesday tweet, Owens — in support of a “Let’s go Brandon” crypto coin trading under the $LGB name — said she’s finally jumped into the crypto wagon. “[I’m] finally into crypto”.
Coinbase, one of the world’s largest crypto exchanges trading popular coins such as Bitcoin and Ethereum, projected $LGB coin’s value soared to about 37% in the past week. The coin is worth a mere $0.000001.
Another “Let’s go Brandon” crypto coin
Two weeks ago, James Koutoulas, a hedge fund manager, donated nearly $25,000 of $LGB coin to a dive therapy program for veterans with disabilities. He announced in a tweet perhaps to cement the crypto coin’s credibility.
“Happy to announce my 2nd donation of 25K USD worth of [LGB coin] to Aquanauts Adaptive Scuba programs who provide dive therapy programs to veterans with disabilities. An incredible group of people near and dear to my heart.”
The second “Let’s go Brandon” digital coin — trading under the name $FJB — is an obvious abbreviation of an insult (f**k Joe Biden) directed at the person of the President.
Coinbase estimates the second “Let’s go Brandon” coin’s value to be approximately $0.00218, with its price plunging to depths of nearly 29% in the last week
$FJB coin raises nearly $50K for charity
Grant Tragni, founder of the second let’s Go Brandon coin, said part of the crypto transactions (around 5%) are usually given out to charities supporting veterans. He claims $FJB coin has so far raised nearly $50,000 in charity money.
Fournier shared a link from the right-wing media outlet, The Post Millennial, condemning the “Let’s go Brandon” cryptocurrency as a coin with “no actual inherent value”.
Early this month, Squid Game crypto — a digital coin inspired by the hugely successful Netflix series Squid game — lost all its value after being unearthed as a scam. At the time of the reveal, the token had scaled highs of about $2 million before plunging to nothing — after coin’s creators withdrew nearly $3.3 million in funds.
In a bid to assure its potential investors, the “Let’s go Brandon” crypto coin said (in the Q&A section of their site) that “the rug won’t be pulled”.
