Anthony Pompliano, founder and CEO of Professional Capital Management, discussed the rise of branded “meme coins” like those tied to Donald and Melania Trump.
What Happened: Speaking with CNBC on Tuesday, Pompliano likened meme coins to digital trading cards—speculative assets with value primarily driven by branding and perceived scarcity rather than underlying business fundamentals.
Cryptocurrency | Price | Market Cap | 24-Hour Trend | Since Launch |
OFFICIAL TRUMP (CRYPTO: TRUMP) | $39.52 | $7.9 billion | +2.9% | +509.4% |
Official Melania Meme (CRYPTO: MELANIA) | $3.79 | $728.3 million | -0.3% | -48.2% |
Commenting on Trump and Melania Coins, he described them as examples of leveraging strong personal brands in the digital financial space.
He noted …
Full story available on Benzinga.com