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.
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Amazon had …
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