'My goodness gracious!' CNN forecaster floored as Trump meme coin surges while polls sink
President Donald Trump's poll numbers might be sinking — but various assets and schemes tied to his name are on the way up in value, CNN data analyst Harry Enten told anchor Erin Burnett on Thursday evening.
Among the most prominent examples is the Trump crypto "meme coin," which was at rock bottom shortly after being introduced at the start of the year, but surged this week after Trump announced that a select group of holders of the coin will get invites to the White House.
"I'm sorry, you know, sometimes I just am thinking, is this real life? And it is," said Burnett bemusedly. "This is a, you know, a way to profit from crypto ... this is really happening."
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"Not a dream, Erin Burnett. This is not an alternate universe," agreed Enten. "Or maybe it is, but my consciousness got stuck in this one."
Enten then asked how much Trump's coin has surged since he announced the dinner.
"It's up 25 percent. My goodness gracious. I mean, look, this was a coin that was struggling, it had been struggling, had dropped tremendously since the beginning of the year. And then what do you do? You announce, hey, you know what? Those sellers, some of you might get invited to the White House, you might get invited to a dinner. There you go. And the result is that his cryptocurrency, up 25 percent from Wednesday a.m., one of the largest jumps it's had in recent months."
"All right, that is pretty stunning," said Burnett. "And it's not just the [crypto] though; his media company is doing very well when you compare it to other companies in the stock market."
"You ain't kidding, Erin," said Enten. "I mean, take a look here over the last month, what has DJT been doing? The stock — of course this includes Truth Social — look at this. Up 24 percent in the last month. You'd make a killing on that compared to the baseline S&P 500, which, of course, is down 5 percent over the last month, in part because of Trump's tariff wars or not-so-tariff wars. And the bottom line is you would have made a much better decision if you, in fact, had invested in Trump's DJT."
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