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Scaramucci Calls Trump’s Meme Coin 'Corruption' Amid 2024 Bid

1/19/2025

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Summary

Story summary

Former Trump aide Anthony Scaramucci has slammed the president-elect's new "$TRUMP" meme coin, labeling it as "corruption" that threatens the integrity of the industry. Initially priced at $0.18, the coin skyrocketed to $22.94, boasting a staggering market cap of $4.59 billion. Detractors warn that Trump's ventures are leveraging his political clout as he gears up for the 2024 campaign.

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Story summary

Former Trump aide Anthony Scaramucci has slammed the president-elect's new "$TRUMP" meme coin, labeling it as "corruption" that threatens the integrity of the industry. Initially priced at $0.18, the coin skyrocketed to $22.94, boasting a staggering market cap of $4.59 billion. Detractors warn that Trump's ventures are leveraging his political clout as he gears up for the 2024 campaign.