Late Friday evening, three days before his return to the Oval Office, Donald Trump performed an act of crypto alchemy. Pretty much all it took was a few strokes of the keyboard. “My NEW Official Trump Meme is HERE!” the incoming US president wrote in a Truth Social post. “It’s time to celebrate everything we stand for: WINNING!”
The post marked the launch of Trump’s very own memecoin—a type of joke cryptocurrency that typically has no purpose beyond financial speculation, whose value tends to whipsaw dramatically with changes in public sentiment.
The price of the TRUMP memecoin began to
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