In a recent statement, Cathie Wood confirmed her decision to avoid investing in Trump Coin, deeming it a memecoin lacking functionality. She emphasizes her commitment to the prominent cryptocurrencies: Bitcoin, Ethereum, and Solana.
Wood noted the soaring popularity of memecoins, reminiscent of the 2017 ICO surge, with Trump Coin’s value spiking by 11,000% recently. Interestingly, crypto whales dominate its holdings, possessing 94% of the total supply.
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