Wow! A new cryptocurrency called $TRUMP was created for Donald Trump! It became super popular very quickly, but then its price went down a lot. This is a crazy story about how a company needed a huge loan to handle all the people wanting to buy it.
- A new cryptocurrency, $TRUMP, was launched.
- It got really popular fast and had tons of people buying it.
- A company called MoonPay needed a big loan to handle all the buying.
- Ripple and Galaxy lent MoonPay $160 million.
- The price of $TRUMP went down a lot after its initial rise.
Fact | Number |
---|---|
Loan Amount | $160 million |
Initial Market Cap | $200 million |
Peak Market Cap | Over $10 billion |
Price Drop | 79% |
New Users | 750,000 |