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Meme coins sound more like something kids made up on the playground than actual investments, but influencers across social media claim they can make you rich. Recently, a crypto token called “Fartcoin” hit a $1.5 billion market cap, making it more valuable than well-known brands like Office Depot and Ethan Allen. Even MooDeng, the viral pygmy hippo, has a coin. President Donald Trump even launched a cryptocurrency called $Trump or TrumpCoin, which fizzled after a hot start, dropping to around $17 and resulting in cumulative losses of $2 billion for over 810,000 crypto wallets. Overall, 17% of U.S. adults say they have ever invested in, traded or used a cryptocurrency, according to Pew Research. So what are the facts? Nichole Berlie breaks it all down in the latest "Is it That Easy." More: newsnationnow.com/business/your-money/meme-coin-crypto-get-rich-quick-scam #memecoins #crypto #money NewsNation is your source for fact-based, unbiased news for all Americans. F...

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    • money
    • memecoins
    • crypto