Golden Finance reported that Cathie Wood, CEO and chief investment officer of ARK Invest, said in an interview with Bloomberg: “We don’t know whether President Trump’s memecoin (TRUMP) has great utility, but Trump is pioneering crypto. The next stage of the 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 memes are "scary things" and they may at some point Be practical.