other than a left-field 'take private for cash' buyout scenario from a non-economic party, there will be a chain of public events that would each would progressively, or drastically, tank the DJT share price. (notably, unknown holders of: immediate convertible dilution, then warrant based sales as soon as trading commences)

this is even more interesting if trump has a notion to modify his share lockup terms, which seems theoretically possible, but very unlikely to be an effective monetization tactic given the slow sequence of dependent events. it also assumes no further SEC scrutiny.

a most interesting dynamic at play is measuring the TAM appetite\action of current and possibly future MAGA retail investors. the total number of MAGA that are also stock investors is a major unknown, but this could be more valuable as each insider makes a move on their stake and needs someone to sell to.
of course no one looks at TS for estimating this, but sites like reddit, seeking alpha, X, have a significant number of enthusiastic MAGA posters in the investment world. but how many of these are fake or bots? and what is the logic for fake enthusiasm? are they just there for chaos? an economic basis cannot distinguish a real DJT stock enthusiast from a fake, given no viability for TS as a business.

again, this will someday make a much better movie than 'dumb money'.