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Trump’s $7 billion meme coin hasn’t made him richer, Forbes and Bloomberg say - MarketWatch

1. Donald Trump launched a meme coin, $TRUMP, before his presidential inauguration. 2. The coin's value surged to $6.6 billion but did not impact Trump's net worth. 3. Meme coins are volatile; $TRUMP lost nearly half its value after a short spike. 4. Linked project, World Liberty Financial, could generate significant revenue for Trump. 5. 80% of $TRUMP tokens are allocated to Trump's organization, affecting future valuations.

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FAQ

Why Bearish?

High volatility in meme coins could negatively affect BTCUSD perception and value.

How important is it?

The meme coin's volatile nature reflects market sentiment, which can influence BTCUSD.

Why Short Term?

Immediate effects seen through volatility, but long-term implications are uncertain.

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