President Donald Trump recently introduced his own cryptocurrency, the $TRUMP meme coin, which experienced a rapid increase in value. Initially priced at $3 per coin, $TRUMP surged to a peak of $74.59, achieving a market capitalization of nearly $11 billion. This launch coincided with Bitcoin surpassing the $100,000 milestone, reflecting a broader positive trend in the cryptocurrency market. However, the significant holdings of $TRUMP by entities affiliated with President Trump have raised ethical concerns regarding potential conflicts of interest. Experts advise investors to exercise caution and conduct thorough research before engaging in such speculative investments.
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