‘That’s peanuts:’ Trump says about billions of returns on $TRUMP memecoin
Investing.com-- President Donald Trump largely brushed off questions about adding billions of dollars to his personal wealth through the launch of the $TRUMP memecoin before his inauguration.
“I don’t know about benefited, I don’t where it is, I don’t know much about it other than I launched it, I heard it was very successful,” Trump said in a White House event on Tuesday. But the memcoin swung wildly in volatile trade, raising some questions of potential price manipulation, especially amid rumors that Trump had sold some of his holdings.But the memecoin’s success, and the subsequent, less positively received launch of $MELANIA, spurred trader concerns over the ethical issue of Trump using his influence to sway speculative markets to his favor.
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