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Trump’s $TRUMP Meme Coin: A Roller Coaster of Gains and Losses

The $TRUMP meme coin, closely associated with President Donald Trump, has sparked significant interest and controversy. According to recent insights from Chainalysis, approximately 764,000 crypto wallets that invested in the $TRUMP token have incurred losses. Yet, a mere 58 wallets have capitalized on the token, each gaining over $10 million, contributing to $1.1 billion in total profits. This stark disparity underscores the volatile nature of meme coins.

The token saw a popularity spike after being linked to Trump’s upcoming term, with a market cap peaking at $2.7 billion. However, this momentum was short-lived due to inherent price fluctuations and speculative trading.

Further scrutiny comes as legal and ethical investigations are launched into the coin’s ownership model. This probe examines its ties to the Trump Organization, revealing a vested interest from foreign entities. The involvement of crypto moguls and state-backed investors has intensified the debate over the coin’s transparency and legitimacy.

With only 20% of the token circulating, the remaining supply is under a vesting schedule sparking intrigue in the financial community. As the controversy unfolds, this case remains a crucial example of cryptocurrency’s risks and rewards.

A New Twitter-Inspired Social Network Is Taking Shape

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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