Fake TRUMP and MELANIA Token

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In a world where transparency and innovation drive success, Food Flow is here to inspire entrepreneurs with insights on leveraging technology to transform the food industry. Combining blockchain and cutting-edge strategies, we will show you how to track food, build trust, and scale your business.

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In this edition you will find.

• Elon Musk's DOGE Agency Launches Website, Boosts Dogecoin Price Despite Legal Challenges

• Fake TRUMP and MELANIA Tokens See $4.8M Inflows Amid Scammer Surge

• Mark Cuban Suggests Memecoin to Tackle US National Debt

Elon Musk's DOGE Agency Launches Website, Boosts Dogecoin Price Despite Legal Challenges

Elon Musk’s Department of Government Efficiency (DOGE) has launched its official website, featuring the Dogecoin logo, sparking an 11% rally in Dogecoin’s price to $0.38. The agency, aimed at reducing government spending and bureaucracy, has drawn retail investor interest due to its shared acronym and logo with the popular cryptocurrency. While Dogecoin briefly surpassed $0.40, it remains 48% below its 2021 peak of $0.73. Meanwhile, the National Security Counselors law firm plans to sue the agency for alleged violations of federal transparency laws. DOGE’s mission is set to conclude on July 4, 2026, with a vision for a streamlined US government.

Fake TRUMP and MELANIA Tokens See $4.8M Inflows Amid Scammer Surge

Copycat tokens mimicking the official TRUMP and MELANIA coins generated $4.8 million in purchases within 24 hours from over 12,000 wallets, exploiting hype surrounding Donald Trump's inauguration. Scammers launched 61 fake tokens on Solana, many of which were "rug pulls," draining liquidity and leaving investors with worthless assets. Analysts warn these tokens inflate metrics to mislead buyers, with only a few maintaining liquidity above $10,000. Meanwhile, the official TRUMP token surged to a $71 billion fully diluted valuation before falling sharply post-inauguration, drawing criticism for potential conflicts of interest.

Mark Cuban Suggests Memecoin to Tackle US National Debt

Billionaire Mark Cuban proposed creating a memecoin to help pay down the $36 trillion US national debt, suggesting it could mimic the terms of Donald Trump’s official TRUMP token. Cuban envisioned the token’s revenue being fully directed toward debt reduction, with a public wallet for transparency. While his idea highlights the scale of the debt issue, even a highly successful memecoin would make a negligible impact, potentially reducing just 0.03% of the total debt. Cuban’s remarks come amid growing political interest in crypto, with both Trump and Melania launching their own tokens earlier this year.

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