The Indicator from Planet Money How Trump is making coin from $TRUMP coin
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May 22, 2025 The launch of $TRUMP coin has stirred up excitement and controversy, raking in massive profits. Unearthing the legal gray areas, the discussion dives into presidential endorsements and the Foreign Emoluments Clause. Blockchain analysis reveals buyer connections and the political implications surrounding meme coins. There's a humorous twist with proposals that highlight absurdities in the political finance landscape. This blend of cryptocurrency and politics offers a fascinating look at modern financial dynamics and celebrity influence.
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Trump's Meme Coin Gala
- President Trump launched a meme coin named $TRUMP around his second inauguration.
- Top buyers get a gala dinner with Trump, creating an exclusive crypto event.
Trump Coin Financial Scale
- The Trump coin started with 200 million coins sold for over $300 million.
- Up to a billion coins can be issued, possibly generating over $10 billion at current rates.
Detecting Trump Coin Buyers
- Crypto analyst Nikolai Sunogor used blockchain detective work to identify some top Trump coin buyers.
- Notable buyers include crypto billionaire Justin Sun and Mexican CEO Javier Salgas.