Trump coin and Melania coin are 'gambling tokens': Anthony Scaramucci
Published On Jan 21, 2025, 8:21 AM
Anthony Scaramucci has labeled the newly launched Trump and Melania coins as 'gambling tokens', warning that retail investors might face significant losses due to their volatile nature. These meme coins were recently introduced by the Trump family, with Trump coin quickly reaching a market cap of $73 billion before dropping significantly to $7.3 billion within days. Scaramucci expressed concerns over the implications of such financial products being launched by a major political figure, suggesting it could represent a significant shift in how crypto is perceived and regulated by governments.
Stock Forecasts
DJT
Negative
Given the recent rapid decline in the market cap of the Trump coin and its classification as a meme coin, it would likely be wise for investors to approach these tokens with caution. The volatility and association with the Trump brand, while initially drawing attention, might ultimately deter serious investment once the initial hype fades away.
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