The snake oil man has done it again. Using a trumped up memecoin to raise around $7 billion. It's an interesting situation, when a Solana blockchain is worth so much.
I guess it's a way for a huckster to seem as if he is in the same category as the techno broligarchy, yet everyone knows its just a meaningless bubble.
As of January 21, 2025, the $TRUMP cryptocurrency, launched by President Donald Trump, has primarily functioned as a speculative digital asset rather than a medium of exchange for goods and services. The coin’s value has experienced significant volatility, with its market capitalization reaching approximately $72 billion shortly after its introduction now the MCap is $7 billion.
Currently, there is no widespread adoption of $TRUMP coins among merchants or service providers, and no official announcements have been made regarding their acceptance for purchasing goods or services. The primary utility of $TRUMP coins appears to be as a digital collectible or a means for supporters to express their affiliation. Given the speculative nature of meme coins, it’s advisable to stay informed through official channels for any updates on the coin’s utility and acceptance.
Or not. It reminds me of this:
Written in 2020, about using blockchains to subvert currency and interfere with state functions. I had to change the tag-line to get it past the Amazon and Meta validation system (it used to say 'Get rich quick with cybercash - just don't tell GCHQ').
Now it is open season.
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