Dennis Rodman and Potcoin: How Crypto Gatecrashed a Historic Summit

The historic summit between U.S. President Donald Trump and North Korea's Supreme Leader Kim Jong Un got the crypto community's attention - and held it - thanks to Dennis Rodman and the notorious cryptocurrency that funded his travel to Singapore, potcoin.

CoinDesk reported on June 7 that retired basketball star Dennis Rodman was headed to Singapore for the Summit with the help of the marijuana-themed cryptocurrency.

According to The Washington Post, Rodman was "In discussions with" the team behind potcoin last week to get financial support for the trip.

It is not the first time that potcoin has helped Rodman with his travels.

Just last year in June, the former Chicago Bulls star went back North Korea through potcoin's sponsorship.

At the time, the price of cryptocurrency spiked as Rod announced the news on Twitter in a "Potcoin" t-shirt and a baseball cap.

Launched in 2014, potcoin claims it is "The first digital currency created to facilitate transactions within the legalized cannabis industry" on its website.

Shawn Perez, a potcoin spokesman, told The Post that the trip would be a "Peace mission," but many suspected it was purely a trip to promote potcoin's brand.

ESPN reporter Darren Rovell tweeted that the advertising Rodman garnered for potcoin in the moment was worth $4.1 million.

As it is now, the price of potcoin, which is ranked No. 315 on CoinMarketCap, spiked in the last 24 hours, according to ConMarketCap's data.