Ethics Experts Staggered by Trumps’ Launch of Crypto Coins
Bitcoin hit a record high on Monday, but far greater attention now appears to be focused on new crypto coins launched by the US President-elect Donald Trump, and his family.
Trump’s meme coin, known as $TRUMP, soared on Monday to nearly $12 billion in market value – hours before his return to the White House.
Launched on Friday, the $Trump surged to $58.56 at 0820 GMT on Monday, giving it a market capitalisaton of about $11.7 billion, according to CoinMarketCap, which ranked it as the 18th biggest cryptocurrency. Its 24-hour trading volume reached $52.5 billion.
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