Odaily News Cathie Wood, CEO and chief investment officer of ARK Invest, said in an interview with Bloomberg: "It's not clear whether President Trump's memecoin (TRUMP) has much utility, but Trump is pioneering the next stage of the crypto revolution." Cathie Wood also mentioned that she would not buy TRUMP because she only holds the "Big Three" (BTC, ETH, SOL), but she also does not think that memes are "terrible things" and they may have practicality at some point.