Trump Launches Crypto Meme Coin, Raking in Billions in Value
- U.S. President-elect Donald Trump launched the $Trump meme coin just days before his inauguration, which surged over 300%, reaching a market capitalization of nearly $6 billion.
- The $Trump meme coin is positioned to challenge Dogecoin's dominance, with speculative projections suggesting a potential price of $100 to $300 per token if it overtakes Dogecoin.
- The venture was coordinated by CIC Digital LLC, affiliated with the Trump Organization, which owns 80% of the tokens and has raised ethical concerns about undue influence on a sitting president.
- Trump's announcement of the meme coin has sparked controversy, with critics labeling the launch as predatory and calling for attention to the implications for regulation and political branding in the crypto market.
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Total News Sources0
Leaning Left24Leaning Right12Center18Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 34%
R 22%
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