Trump Launches Crypto Meme Coin, Raking in Billions in Value
- Donald Trump has launched a new cryptocurrency called $Trump, which quickly reached a market capitalization of nearly $5.5 billion after its launch.
- CIC Digital LLC and Fight Fight Fight LLC own 80% of the $Trump tokens, which are not intended as an investment opportunity or security.
- Critics have labeled the launch as 'predatory,' with concerns about potential harm to investors, according to Nick Tomaino.
- Trump's cryptocurrency venture coincides with his inauguration, as he aims to make the U.S. The 'crypto capital' of the world.
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Coverage Details
Total News Sources0
Leaning Left33Leaning Right25Center21Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 26%
R 32%
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