Trump Launches Crypto Meme Coin, Raking in Billions in Value
- Donald Trump has launched his own cryptocurrency, $Trump, which quickly reached a market capitalization of nearly $5.5 billion, as reported by CoinMarketCap.com.
- CIC Digital LLC and Fight Fight Fight LLC own 80% of the tokens of the new meme coin, according to the text.
- Trump stated on Truth Social that the coin is 'not intended to be, or the subject of' an investment opportunity or security.
- Critics have called the timing of the launch 'predatory,' with Nick Tomaino expressing concerns about potential harm to investors.
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Coverage Details
Total News Sources0
Leaning Left33Leaning Right30Center22Last UpdatedBias Distribution39% Left
Bias Distribution
- 39% of the sources lean Left
39% Left
L 39%
C 26%
R 35%
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