Will Trump’s memecoins burst the crypto bubble?
Over the weekend, the new First Family joined the crypto goldrush with the $TRUMP memecoin launch. In its first 36 hours of trading, the coin’s value rose 28,000%. Had you invested in the US stock market a half-century ago, you’d have still made less than you would have overnight on a collection of digits with no business model or cash flow and which, as a disclaimer on its website says, is not “intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type”.
Hours later, Donald Trump’s wife Melania joined the fray, launching her own memecoin. Despite being thrown together in a matter of hours, it rocketed just as fast. Similar launches are now…
