Investor Chris Burniske says that Donald Trump’s recent launch of his official memecoin could help usher in a new phase of free experimentation and capital flows in the crypto space.
Burniske, a former ARK analyst and current partner at venture firm Placeholder, says in a post on the social media platform X that he doesn’t plan on buying TRUMP, but notes that its launch is “catching eyeballs everywhere” and potentially encouraging others to embark on projects in a similar manner.
President Trump launched TRUMP late on Friday and it quickly skyrocketed to a $64 billion fully diluted valuation (FDV).
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Burniske says the launch of TRUMP could trigger a phase similar to the initial coin offering (ICO) boom of 2017.
“It could be similar to Ethereum’s
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