The Trump Memecoin's 'Money-Grab' Economics

image via WIRED

January 20, 2025, 7:58 PM

• •Trump launched his own memecoin, called TRUMP, on Friday.
• •The coin is valued at $14 billion.
• •Some crypto experts have raised ethical concerns about the launch.

On Friday, Donald Trump launched his own memecoin, TRUMP. The coin is valued at $14 billion and is held by two Trump-affiliated organizations. Critics say the coin is a pump-and-dump scheme and could be used for bribery.

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