Trump Memecoins Ignite Fear Of Investor Fallout In Crypto Circles

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Bitcoinist 12h ago

Trump Memecoins Ignite Fear Of Investor Fallout In Crypto Circles - Bitcoinist

Quick Summary:

Trump-themed meme coins might have excited some investors with its emergence but several executives of crypto firms think otherwise, worrying that the Trump tokens could do more harm than good to the industry.

According to a CNN news report, the decentralized nature of the blockchain has made it easy for developers to launch a new token, “run up the price and walk away with impunity.

People acquire meme coins for novelty, which has the same risk as if individuals would play a casino slot machine.