Trump Launches Crypto Meme Coin, Raking in Billions in Value
- Donald Trump has launched his own cryptocurrency called $Trump, which quickly reached a market capitalization of nearly $5.5 billion within hours of its launch.
- The meme coin's launch was coordinated by CIC Digital LLC and Fight Fight Fight LLC, which own 80% of the tokens.
- Critics have labeled the launch as predatory, with Nick Tomaino stating that 'Trump owning 80 percent and timing launch hours before inauguration is predatory.'
- Trump has stated his intention to make the U.S. The 'crypto capital' of the world during his presidency.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left31Leaning Right23Center21Last UpdatedBias Distribution41% Left
Bias Distribution
- 41% of the sources lean Left
41% Left
L 41%
C 28%
R 31%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
