Crypto Champions Take Aim at Trump’s Meme Coin As Bitcoin Hits New High
- Donald Trump’s meme coin is under fire from both cryptocurrency champions and skeptics.
- One crypto fan labeled $TRUMP “embarrassing” and the opposite of what the industry wanted.
- Bitcoin surged to a record high on Monday above $109,000 amid the crypto fever.
Bitcoin surged to a new high ahead of Donald Trump‘s inauguration on Monday, while his new meme coin is making crypto champions and fans cry foul, saying it’s a mockery of serious tokens.
The biggest crypto token rose more than 5% above $109,000 before slipping back above $105,500. Bitcoin has soared about 50% since Trump’s election victory in November.
Meanwhile, $TRUMP or “TrumpCoin” surged more than tenfold following its Friday release to more than…
