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Donald Trump appears to have launched a meme coin

The announcement seems real, despite some suspecting a hack.

Skeptics highlighted by Decrypt last night pointed to several red flags, such as that the millions of dollars seeding the project came from Binance and Gate, which only serve overseas customers. The idea that Trump would debut a meme coin is no big surprise, given his multiple NFT collections and his introduction of a crypto platform last year. Trump also plans to issue an executive order naming crypto a “national imperative or priority” after he’s inaugurated next week, Bloomberg reported ahead of the weekend.

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