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Cryptocurrency News Articles
As data reveals deep inequality among TRUMP coin holders, Anthony Scaramucci warns of potential corruption linked to Donald Trump's crypto activity.
May 09, 2025 at 04:07 am
By the Financial Times Digital Asset Summit, former White House Communications Director Anthony Scaramucci didn't mince words when discussing Donald Trump's expanding footprint in the crypto space.
As data reveals deep inequality among TRUMP coin holders and Anthony Scaramucci warns of potential corruption linked to Donald Trump's crypto activity, a new contender is emerging - offering a more transparent and tech-driven take on meme coins.
At the Financial Times Digital Asset Summit, former White House Communications Director Anthony Scaramucci expressed concern over the potential for corruption linked to Donald Trump’s ventures into the crypto space.
Focusing on the emerging ecosystem of Trump-linked tokens such as $TRUMP and World Liberty Financial, Scaramucci’s criticism was pointed, stating that there's "a pathway for some level of corruption, potential bribery and sinistership.”
His comments come amid growing scrutiny over the economics of the $TRUMP meme coin. While just 58 wallets have profited massively – collectively earning $1.1 billion – over 764,000 wallets are in the red, according to Chainalysis data.
The imbalance has raised questions about fairness and transparency in a token that has surged on political association rather than utility.
Much of the coin’s value was fuelled by speculative demand following a dinner announcement promising top holders a private reception with the president. Yet the coin’s distribution and fee structure – where insiders reportedly earned $324 million from trading fees – have drawn scrutiny, with Senate committees now investigating possible conflicts of interest.
While Scaramucci did commend aspects of the Trump administration’s digital asset approach – particularly efforts toward a national Bitcoin reserve – he slammed the use of executive orders for strategic initiatives. He called instead for bipartisan consensus, warning that unilateral action only deepens mistrust among regulators and the public.
It’s against this backdrop of political controversy, uneven token economics and rising regulatory pressure that a new kind of meme coin is beginning to stand out – one with tech substance to match its internet savvy.
If TRUMP coin reflects the hazards of hype without balance, then MINDis emerging as its antithesis – using meme culture not as an end, but as a gateway to deeper functionality. With less than 24 days left in its presale and having already raised $8.8 million, the Ethereum-based token is quickly attracting attention.
What makes $MIND different? It’s powered by an AI core.
Unlike traditional meme coins, which rely solely on virality, MINDis anchored by a self-learning AI agent that monitors social sentiment, wallet movements, on-chain token launches and liquidity flows. This agent then delivers trading signals and market intelligence to holders via a private dashboard – essentially transforming meme investors into better-informed traders.
The AI leverages Retrieval-Augmented Generation (RAG) and a fine-tuned crypto-focused large language model, allowing it to adapt in real-time and detect emerging trends before they hit wider consciousness. This includes early identification of viral tokens, thin liquidity plays, or breakout altcoins – insights that can be acted on directly by $MIND holders.
Where Meme Coins Go Next
The contrast between the two meme coins couldn't be starker. While $TRUMP appears to have massively enriched a tiny minority – most of whom appear to have had insider access – MINDis positioning itself as a community-first, data-driven alternative. The vision isn't just about fun; it's about leveling the playing field.
Perhaps this ethos is shining through. More than 1.3 billion $MIND tokens have already been staked, with early buyers able to earn up to 257% APY. Social media engagement has soared too, with over 21,000 followers on X and a growing Telegram community. As the AI agent prepares for its May 10 launch, interest is heating up.
Unlike TRUMP, there's no presidential dinner attached to the token. No insider fee route. What MINDoes offer instead is an ecosystem where transparency and utility drive demand, not exclusive access.
This is perhaps what Scaramucci and others are calling for: a meme coin era where narrative is matched by substance and value isn't extracted by a few wallets at the expense of many. MINDis emerging as one example, with its use of AI tooling, verifiable staking protocols and public dashboards setting a potential precedent for future meme tokens – especially as regulators close in on predatory tokenomics.
To be clear, MINDis still a meme coin – it revels in internet absurdity, Pepe aesthetics and on-chain banter, but it doesn't stop there. It channels that attention into actionable intelligence and a web3-native trading advantage, making it part of a broader meme coin evolution. In doing so, it reflects a new sentiment in the market: investors are done being exit liquidity.
They want the energy and upside potential that meme coins bring, but with fairer distribution, better tools and clear utility. The $TRUMP fallout and the political firestorm that now surrounds it, may serve as the perfect cautionary tale.
Meanwhile, projects like MINDis emerging as
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