The launch of President Donald Trump’s meme coin and its meteoric rise to tens of billions of dollars in valuation has generated astonishment unlike anything seen before.
What happened: The Official Trump (TRUMP) coin reached a fully diluted valuation of nearly $75 billion within two days of its launch, a feat that took several publicly listed corporations years to achieve.
Take, for instance, tech giant Amazon.com, Inc. (NASDAQ:AMZN). The Jeff Bezos-founded company may boast of a market capitalization of nearly $2.50 trillion today, but its growth in the nascent stages wasn’t exactly exponential.
See Also: Michael Saylor’s Proposal To Increase MicroStratagy’s Share Count Approved By Shareholders — More Bitcoin Purchases On The Cards?
Amazon had …Full story available on Benzinga.com
Trump Memecoin Achieved This Valuation Milestone Inside Two Days That Took Jeff Bezos’ Amazon Over 13 Years
Login
0 Comments
Oldest