NutWrench@lemmy.mltoNews@lemmy.world•Trump launches meme coin, apparently makes more than $25 billion overnightEnglish
22·
16 hours agoMeanwhile, back in reality:
The venture was co-ordinated by CIC Digital LLC - an affiliate of the Trump Organization - which has previously sold Trump-branded shoes and fragrances.
Meme coins are used to build popularity for a viral internet trend or movement, but they lack intrinsic value and are extremely volatile investments.
https://www.bbc.com/news/articles/c9vmym2jvy9o.amp
Just because you SAY something is “worth hundreds of billions” does not mean it is actually WORTH hundreds of billions.
And these “coins” are actually tokens. Not only are they not backed by any real assets (venture capital, real estate, etc), the damn things don’t even exist in reality!