Fintech

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

Your guide to the week’s biggest fintech stories

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.

WSJ Logo
JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global ClienteleExternal link

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele