Reported about 14 hours ago
Donald Trump's newly launched memecoin has caused significant turbulence in the cryptocurrency market, generating billions in trading volume and raising conflict of interest concerns. The token, traded under the 'Trump' ticker on the Solana blockchain, saw its market value surge to $15 billion after Trump's promotion on social media, but fell below $8 billion after Melania Trump introduced her own token. The influx of capital into the Trump token has negatively affected the performance of many other cryptocurrencies, while major exchanges prepare to list it.
Source: YAHOO