A small firm, with ties to China and uses TikTok in its business model, announced it will purchase $300 million in Trump's memecoin. According to a filing, an unnamed investor is putting up the money for the enormous purchase.
A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump.[image or embed]