MoonPay faced a liquidity crisis after a surge in demand for Trump-themed memecoins, with 750,000 new users overwhelming its platform. To stay afloat, CEO Mike Novogratz and Ripple’s Brad Garlinghouse lent MoonPay $160M, which was repaid after the weekend. The TRUMP memecoin skyrocketed in value but sparked legal debates, with Senator Elizabeth Warren calling for an investigation into potential ethics violations.

TRUMP-0,34%
MEME1,36%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin