President Trump Promotes TRUMP Token, Raises Ethical Concerns
- President Donald Trump endorsed the Solana-based TRUMP token on social media.
- The token’s price briefly surged to $12.25, then settled at $11.67, up 7.7% for the day.
- The token remains down 84% from its all-time high of $73.4 in January.
- Trump-affiliated companies hold an 80% ownership stake in the token.
- Ethics experts raise concerns about conflicts of interest and constitutional violations.
The endorsement of the TRUMP token by President Trump coincided with a temporary price surge, though it remains significantly below its peak value. Ethics experts highlight potential conflicts due to Trump’s business interests and constitutional concerns over foreign influence and regulatory integrity.
Source (2.6)https://decrypt.co/311294/trump-says-his-meme-coin-is-greatest-of-them-all-price-soars?rand=52368
