Trump’s Memecoin Tanked, But His Family Has a New Crypto Hustle
Like father, like sons.
Scam Fam
Donald Trump’s eponymous meme coin is all but worthless now — but that’s not stopping his kids from launching their next crypto scheme. As Bloomberg and other outlets report, the president’s sons, Eric and Donald Jr., are taking their Bitcoin mining venture public on the traditional stock markets.
Known as American Bitcoin Inc., the Trump boys’ mining and strategic reserve company is slated to be acquired by Gryphon, another crypto mining firm. When news of the deal broke, shares for Gryphon spiked a whopping 460 percent to $2.93 per share — though it’s since dropped down below $2.00.
Previously known as American Data Centers Inc., the venture was launched in February by the elder Trump sons and a group…
