President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

  • It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
    • @Treczoks
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      113 hours ago

      The fact that fartcoins are 30 times as “valuable” as Trumps idiot-coins should be evidence enough.

      • @PlaidBaron
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        109 hours ago

        Isnt this showing the exact opposite? Fart coin is less valuable?

      • セリャスト
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        fedilink
        -19 hours ago

        To be fair the valuability of a coin is not that much related to its popularity, but to its difficulty of obtention through proof-of-work (of proof of stake)