Trump Launches Crypto Meme Coin, Raking in Billions in Value
- Donald Trump has launched a cryptocurrency called $Trump, which quickly reached a market capitalization of nearly $5.5 billion after its release.
- CIC Digital LLC and Fight Fight Fight LLC own 80% of the $Trump tokens, which are not intended to be an investment or political in nature.
- Critics have labeled the launch as predatory, with concerns about Trump's financial gain from the presidency.
- The price of $Trump increased by over 300%, reaching just below $29 shortly after its launch, according to CoinMarketCap data.
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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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