Trump Launches Crypto Meme Coin, Raking in Billions in Value
- Donald Trump has launched a new cryptocurrency called $Trump, which quickly reached a market capitalisation of nearly $5.5 billion shortly after its release.
- The meme coin was developed by CIC Digital LLC and Fight Fight Fight LLC, which own 80% of the tokens.
- A disclaimer on the $Trump website states that the token is not intended to be an investment opportunity or related to any political campaign.
- Critics have accused Trump of exploiting his presidency for profit, with one commentator labeling the venture as 'predatory'.
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Coverage Details
Total News Sources0
Leaning Left23Leaning Right10Center16Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 33%
R 20%
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