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The rise of meme coins. A meme coin is a type of cryptocurrency that draws its inspiration from internet memes, characters or trends. In this case, Donald Trump’s second term and the subsequent ...
Trump's coin represented a blending of the world of digital assets into the political arena, but it also "blurs the lines between governance, profit and influence," D'Anethan said.
How much is the new Trump meme coin? On Saturday at 1 p.m. ET, the Trump coin was trading at about $31, according to crypto exchange GeckoTerminal. When trading started, the coin's value was 18 ...
The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [ 3 ]
Trump’s meme coin shot up after its launch Friday, from about $6.50 to $75 on Sunday, according to data from Coingecko. Then it tumbled, losing more than half its value on Monday as Trump ...
The sale of Trump meme coin was organized by CIC Digital, an affiliate of the Trump Organization. The coin’s website said 200 million Trump meme coins are currently available, with plans to issue 1 billion over the next three years. CIC Digital and another company collectively own 80% of the Trump meme coins and will receive “trading ...
5. Trump might have a hard time cashing out. However, while Trump's meme coin has soared, he might have a hard time converting those paper gains into cash. That's because any sale by Trump could ...
The launch of meme coins from Donald Trump and his wife Melania triggered a record-breaking crypto rally that has seen the market surge by more than half a trillion dollars over the last week ...