Trump Launches Crypto Meme Coin, Garnering Billions in Value

Donald Trump has introduced a new cryptocurrency named $Trump, which rapidly achieved a market capitalization of almost $5.5 billion post-launch. The cryptocurrency was developed by CIC Digital LLC and Fight Fight Fight LLC, who possess 80% of the tokens. Trump clarified that the coin is not meant to be an investment opportunity and is politically unaffiliated. Critics, such as crypto venture capitalist Nick Tomaino, have criticized the launch as "predatory," cautioning that numerous investors could suffer as a result.