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Cryptocurrency News Articles
Anthony Scaramucci Slams Trump Meme Coin Launch, Calls It ‘Idi Amin Level Corruption’
Jan 20, 2025 at 02:15 am
Anthony Scaramucci has expressed his disapproval of President-elect Donald Trump‘s newly launched meme coin TRUMP TRUMP/USD, labeling it “corruption.”
Former White House Communications Director Anthony Scaramucci has slammed President-Ape Donald Trump‘s latest grift, the TRUMP meme coin, calling it “corruption.”
On Saturday, Trump announced the launch of his official “$TRUMP” meme coin, which was created by Solana.
The coin has since seen a massive market response, with its price skyrocketing 253.75% in 24 hours, surging from $0.18 to $26.95.
During this time, the coin’s market cap also reached a high of $5.39 billion.
Reacting to the launch of the TRUMP meme coin, Scaramucci slammed the venture on his Twitter account, terming it “corruption” and “bad for the industry.”
The Trump meme coin stuff is bad for the industry. Don't delude yourself. It's Idi Amin level corruption.
This is not the first time Trump has sold merchandise featuring his image.
In the past, he has sold items such as digital trading cards, high-top sneakers, T-shirts, and even Bibles.
His niece, Mary Trump, has previously accused him of “grifting” through the sale of such merchandise.
The meme coin was launched just days before Trump is set to be sworn in as president.
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- Ripple (XRP) Introduces Its RLUSD Stablecoin to the Stablecoin Market
- Apr 03, 2025 at 04:00 pm
- Ripple introduced its RLUSD stablecoin to the stablecoin market through its launch on Kraken cryptocurrency exchange. The USD-pegged stablecoin aims to boost its cross-border payment functions and integrate with the payment platform.
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- Bitcoin (BTC) Price Consolidation May Be Precursor to a Market Drop, Analyst Says
- Apr 03, 2025 at 03:55 pm
- Bitcoin has seen a notable price consolidation over the past few weeks, trading between the $84,000 and $86,000 levels. Despite the initial surge in price, the cryptocurrency has faced a decline of 3.7% in the past week and nearly 10% in the past month, signaling a period of stagnation in its upward momentum.
