The meme coin launched by Donald Trump on January 18, just two days before his return to the White House, has lost more than half its value in less than five months.
The meme coin launched by Donald Trump on January 18, just two days before his return to the White House, has lost more than half its value in less than five months.
This is the fate of literally every meme coin.
Yeah, I don’t get this article. It did what any memecoin does and probably made Trump tons of money.
Meme coins are snake oil and where there is snake oil, there’s a snake oil salesman. Someone got all that money.
Kind of, but each transaction typically incurs fees, which can be a source of revenue for Trump and his low-effort creators and also the platforms facilitating these trades. The more active the trading, the more fees are generated. It’s all hype, like chumming the waters around MAGA grifters.