Trump Crypto Involvement Under Scrutiny After John Oliver Exposé
John Oliver's recent segment on Last Week Tonight highlighted the involvement of former US President Donald Trump in various crypto ventures, including NFTs and memecoins. The TRUMP memecoin has been trading near $1.48, down about 6% over the past day.
The HBO exposé pointed out that Trump's first year back in office reportedly generated more than $2.2 billion in personal income, with around $1.4 billion coming from crypto ventures.
Oliver described the TRUMP memecoin as a classic pump-and-dump scheme, arguing that insiders sold into strength while many retail investors absorbed steep losses.