President-elect Donald Trump’s new cryptocurrency became the second-largest meme coin by market cap over the weekend, creating a potential windfall worth billions for his family company.
The Trump memecoin had a market value of $14.2 billion early Sunday, nearly triple the $4.9 billion just 12 hours earlier, data shows. It’s now second only to Dogecoin, the speculative joke asset beloved by MAGA billionaire Elon Musk.
The president-elect’s decision to launch a memecoin—a digital asset linked to no underlying business or asset—to capitalize on enthusiasm for his inauguration immediately raised questions about how, or if, Trump plans to address conflicts of interest with his business interests during his second term.
Read more at The Daily Beast.
