Trump meme coin: Promoting or destabilising the cryptocurrency space?

DONALD Trump has become the first US president to launch a cryptocurrency bearing his namesake, even before his inauguration.

Within a few days of its release, the newly minted $Trump reached a high of US$75.35 per coin, generating over US$15 billion for the returning president on paper. This groundbreaking event highlighted the increasing relevance of digital assets, but is also a stark reminder of how the poorly understood cryptocurrency space can be used for ethically questionable activities.

Not all crypto coins are the same

While most people may think of all cryptocurrencies as homogenous, there are vast differences among them.