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, according to CoinMarketCap.com.
- CIC Digital LLC and Fight Fight Fight LLC own 80% of the tokens for $Trump, which includes a disclaimer stating it is not an investment opportunity.
- Critics have called the launch predatory, with Nick Tomaino stating, 'Trump owning 80 percent and timing the launch hours before inauguration is predatory and many will likely get hurt by it.'
- The cryptocurrency market is optimistic, with hopes that Trump's administration will boost the industry, as indicated by the price of Bitcoin topping $100,000.
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Coverage Details
Total News Sources0
Leaning Left32Leaning Right25Center21Last UpdatedBias Distribution41% Left
Bias Distribution
- 41% of the sources lean Left
41% Left
L 41%
C 27%
R 32%
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