Is that legitimately $25 billion “on paper”, or is that like an initial “stated value”? I don’t even have the precise language for the question.
Regardless, I’m sure it’s a big grift almost certainly, but I don’t understand the valuation.
This is _not_ really a valuation approach which would be accepted in traditional finance, but it’s standard in cryptononsense world.
Trading is well underway, already up over 2000%.
With each Trump coin now worth almost 9 US pennies.
Just about a tenth of a dollar but not quite.
For recent quotes:
I must say, a much more disappointing performance :(
Important to note - it doesn't mean there is 25B of value created.
So yes, for now, he created 25B of value. You can argue that this value is in part based on his reach, so it was already there. He is monetizing it now.