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No, Trump did not become an overnight ‘crypto billionaire’

  • President Donald Trump launched meme coins $TRUMP and $MELANIA, which are cryptocurrencies endorsed by him and his wife.
  • The $TRUMP coin's value peaked at about $72 billion, with 80% controlled by two affiliates of the Trump Organization.
  • Trump's fortune is estimated at just over $6 billion, primarily from real estate and his stake in Truth Social.
  • Experts caution against labeling Trump a 'crypto billionaire' due to the speculative nature and volatility of cryptocurrencies.
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Bias Distribution

  • 67% of the sources are Center
67% Center
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