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Trump's 80% stake in his memecoin is a 'huge red flag' for investors because a rug pull could bolster the president's riches but torpedo his reputation
Trump could multiply his estimated wealth if his family’s conglomerate suddenly sells its substantial ownership in the token, Leonard Kostovetsky says.
Donald Trump, a recent champion of cryptocurrency, launched his own memecoin ahead of the presidential inauguration. Brett Carlsen/Bloomberg—Getty Images
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