5 Things to Know About $Trump Meme-Coin Frenzy in Crypto Market
- Donald Trump’s meme coin soared spectacularly over the weekend before a sharp sell-off.
- The $TRUMP token made the President into a crypto billionaire overnight.
- Here’s what to know about the high-profile meme-coin launch.
Days before his inauguration, Donald Trump announced the release of an official $TRUMP cryptocurrency as a way to celebrate his return to the White House.
Though the coin’s website specifies that it is only an “expression of support,” traders wasted no time piling in. Eager crypto investors were also introduced to a $MELANIA meme coin on Sunday, named after the first lady.
What unfolded has been a frenzy around the two meme coins, producing spectacular gains for some while leaving others…
