The crypto industry and some public officials are pushing back after the president launched a meme coin days before his inauguration. Meme-coins are often used by speculators to make money or to allow fans to show support to a celebrity or moment in internet culture. The value of a single TRUMP coin rose to $75 within a day, but since fell by Friday to $39. WRCR market analyst Connor Mahoney of Mahoney Asset Management called Trump’s move “off-putting, random, silly and pointless”…
This wasn’t the first time Trump got into the digital market. The BBC reported his first was a series of NFTs, images of him in various superhero poses, off which he made millions three years ago.