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U.S. Rep. Mike Collins Buys $30,000 of 'Ski Mask Dog' Meme Coin

Dec 3, 2024, 05:32 PM

U.S. Representative Mike Collins has disclosed a purchase of up to $30,000 worth of a cryptocurrency token known as 'Ski Mask Dog', which has a market capitalization of less than $100 million. This unusual investment has caught the attention of financial observers, particularly as it represents a significant portion of the congressman's portfolio. Collins also bought up to $15,000 of another cryptocurrency called $AERO. The 'Ski Mask Dog' token has experienced a remarkable 210% increase in value over the past week, highlighting the speculative nature of such investments. Congress members are now trading meme coins, indicating a new trend in political investment behavior.