The boom in Trump-related crypto ventures comes as he promises to usher in a golden age for cryptocurrencies, in stark contrast with the regulatory scrutiny of the industry enforced under the administration of former President Joe Biden.
Trump's new meme coin, branded $TRUMP, was launched on Friday night during the first-ever Crypto Ball in Washington, DC, in conjunction with inauguration festivities, showcasing his expanding cryptocurrency interests.
The coin surged on Monday from less than $10 on Saturday morning to as high as $74.59 before giving up some of its huge rise, reflecting the speculative nature of these ventures.
The launch of the meme coin on Friday night also raised red flags, even among those in the cryptocurrency industry, indicating potential ethical concerns surrounding these projects.
Collection
[
|
...
]