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The TRMP Coin serves as a separate entity from the previous foray into NFTs (non-fungible tokens) that were met with mixed reactions. While those NFTs resembled digital baseball cards, TRMP Coin is marketed as an actual investment vehicle. Subscribers tuning out at the mention of cryptocurrency need to understand that this venture is mostly a meme coin – colloquially termed a “shitcoin.”
These types of cryptocurrencies do not aim to become functional currencies but rather act as speculative assets. According to investor JVL, they exist primarily to transfer wealth from less informed "marks" to more savvy "sharps."