Fintech

Meme coin rally for Trump, Bonk and Pengu: ‘It’s no different than buying lottery tickets’

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The value of Donald Trump’s meme coin has surged by almost 60% since 24 April
The value of Donald Trump’s meme coin has surged by almost 60% since 24 April Photo: Paul Yeung/Bloomberg via Getty Images

Meme coins are back in action with Trump, Bonk, Floki and Pengu leading the charge in the multi-billion dollar market.

Trump’s meme coin has surged by almost 60% since 24 April following the announcement that its top 220 holders would be invited to a private gala dinner with the US president on 22 May. The cryptoasset has a market worth of $2.7bn, according to Coinmarketcap.

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