Trump Launches Crypto Meme Coin, Raking in Billions in Value
- Donald Trump has launched a cryptocurrency called $Trump, which quickly reached a market capitalisation of nearly $5.5 billion according to CoinMarketCap.com.
- The venture was coordinated by CIC Digital LLC and Fight Fight Fight LLC, which own 80% of the tokens.
- Trump stated on Truth Social that the coin is "not intended to be, or the subject of" an investment opportunity, and critics called the launch "predatory."
- The cryptocurrency industry is optimistic about Trump's presidency, expecting him to make the U.S. The "crypto capital of the planet.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left33Leaning Right25Center21Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 26%
R 32%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
