President Trump hosted a dinner at his golf club for 220 major investors in his $TRUMP meme coin, which had a dramatic rise and fall in market value since its launch. Initially valued at over $27 billion, the meme coin represents the intersection of cryptocurrency hype and presidential influence. Despite the excitement, some experts caution against the speculative nature of meme coins, emphasizing that they lack clear utility and may enrich only early investors. This event raises ethical concerns regarding the relationship between politics and financial speculation.
"Meme coins aren't investments. I wouldn't even call them speculative. They're riskier than the dog track... I wouldn't touch $TRUMP." - Michael Lee
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