There are no conflicts of interest.” The $TRUMP coin, launched before the president’s January 20 inauguration, reached as high as $74.59 before falling to a low of $7.14 on April 7.

“The Trump meme coin is the single most corrupt act ever committed by a president,” said Sen. Murphy in a statement to Reuters on Friday.

Coming in last place, at number 220 on the leaderboard on was an anonymous wallet simply known as “ces,” which held about $59,000 worth of time-weighted coins. The terms and conditions of the ...

Those positions are a bet on news cycles and attention on Trump in the coming months ahead of the U.S. Presidential elections, Kang said, and meme tokens are a way to profit from the hype.