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A $27 Billion Token Loved by Exiled Billionaire and Steve Bannon

  • Himalaya Coin has surged 270-fold since its debut this month
  • Billionaire Wengui Guo appeared in music video touting it
Steve Bannon greets Wengui Guo in 2018.
Steve Bannon greets Wengui Guo in 2018.Photographer: Don Emmer/AFP/Getty Images

Like so much in cryptocurrencies, there’s a lot to unpack with Himalaya Coin, which has quietly zoomed to an apparent $27 billion valuation in less than two weeks.

For starters, there’s the music video, “Hcoin to the Moon,” featuring exiled Chinese billionaire Wengui Guo smoking a cigar, hanging out on a yacht and driving a red sports car.