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Eric Trump made a statement on the controversial $TRUMP cryptocurrency incident, which involved a trader profiting nearly $12 million shortly after the token's issuance. The issuance of the token sparked widespread discussions among financial experts, cryptocurrency enthusiasts, and ethical oversight bodies.
Eric Trump praised the $TRUMP token as "the hottest digital meme coin on Earth." After its launch on Friday evening, its value quickly soared, rapidly becoming a hot topic in the cryptocurrency space.
It is noteworthy that CIC Digital LLC, associated with Donald Trump, holds 80% of the token's supply. Based on current market prices, its paper assets are approximately $20 billion. Bitcoin skeptic and economist Peter Schiff commented: "Bitcoin took four years to reach a $5 billion market cap, whereas $TRUMP did it in just one day."
Given that the token's issuance closely followed Donald Trump's inauguration as president, it raised ethical concerns. Former White House communications director Anthony Scaramucci stated that this issuance represented a "shocking level of corruption."
$SOL
Eric Trump praised the $TRUMP token as "the hottest digital meme coin on Earth." After its launch on Friday evening, its value quickly soared, rapidly becoming a hot topic in the cryptocurrency space.
It is noteworthy that CIC Digital LLC, associated with Donald Trump, holds 80% of the token's supply. Based on current market prices, its paper assets are approximately $20 billion. Bitcoin skeptic and economist Peter Schiff commented: "Bitcoin took four years to reach a $5 billion market cap, whereas $TRUMP did it in just one day."
Given that the token's issuance closely followed Donald Trump's inauguration as president, it raised ethical concerns. Former White House communications director Anthony Scaramucci stated that this issuance represented a "shocking level of corruption."
$SOL
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