Published 22 days ago • loading... • Updated 20 days ago

Why Trump's meme coin is a cash grab

Summary by WGN 9

(The Conversation) - Three days before his presidential inauguration, Donald Trump launched a meme coin, a type of cryptocurrency whose value is buoyed by social media and internet culture, rather than any sort of functionality or intrinsic value. The coin – officially called $Trump – briefly ascended into the top 15 cryptocurrencies by market capitalization and attracted over a half-million buyers. Referencing the coin in a news conference on J…

6 Articles

All

Left

Center

Right

USA Today

Reposted by

BizToc

Trump's meme coin made nearly $100 million in trading fees, as small traders lost money

The estimates far exceed what has been previously reported.

20 days ago·United States

Read Full Article

Daily Camera

Maximilian Brichta: Why Trump’s meme coin is a cash grab

By Maximilian Brichta Three days before his presidential inauguration, Donald Trump launched a meme coin, a type of cryptocurrency whose value is buoyed by social media and internet culture, rather than any sort of functionality or intrinsic value. The coin — officially called $Trump — briefly ascended into the top 15 cryptocurrencies by market capitalization and attracted over a half-million buyers. Referencing the coin in a news conference on…

21 days ago·Boulder, United States

Read Full Article