President-elect Donald Trump has now found yet another way to convince his followers to throw their money his way — this time with a questionable cryptocurrency venture.Axios is reporting that the soon-to-be 47th president of the United States has rolled out a "meme coin" dubbed $TRUMP, which is bei...
  • @futatorius@lemm.ee
    7•3 months ago

    People have not actually put $9 bn into it. The value is crudely extrapolated from price and volume, but there’s nothing actually there.

    • @phughes@lemmy.caEnglish
      2•3 months ago

      I guess that makes sense. So if they only sell 1 coin out of 1 million and they sell it for $100 then they can walk around saying the lot of coins as a whole are worth $100 million? (obviously a simplified example)