TrumpCoin, a meme coin launched ahead of Donald Trump's inauguration, has surged in value despite warnings that it is not a serious investment. The coin, which has a market value exceeding $10 billion, has sparked a mixed reaction from the crypto community, with some celebrating its novelty and others condemning it as a dangerous gamble.
Bitcoin surged to a new high ahead of Donald Trump 's inauguration on Monday, while his new meme coin is making crypto champions and fans cry foul, saying it's a mockery of serious tokens.The biggest crypto token rose more than 5% above $109,000, while $TRUMP or 'TrumpCoin' surged more than tenfold following its Friday release to more than $75 at its Sunday peak.The new token slid to about $54 on Monday morning, but its market value still exceeded $10 billion.
The memecoins cost the US, the presidency and his family a lot of credibility and the consequences haven't even started.''Most dangerous thing for country about Trump coin is what comes next. Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks. Every favor - geopolitical, corporate or personal - is now on sale, right out in the open.''Launch of Melania coin is causing Trump coin to crash.
Business CRYPTOCURRENCY TRUMP COIN MEMECOIN DONALD TRUMP INVESTMENTS
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