Crypto Executives Worry About Investor Backlash from Trump Memecoins Amid Rising Controversy and Market Uncertainty
Memecoins launched by Donald Trump and his wife just before his inauguration are raising alarms in the crypto industry. Initial trading saw the value of Trump’s coin at $14.5 billion and Melania’s at nearly $3 billion, but both have since plummeted by over 50%. Critics worry that these coins could tarnish the industry’s reputation and ...