Summary
Donald Trump’s meme cryptocurrency, $Trump, surged to a $14 billion market cap after launch but fell by over 50% after Melania Trump introduced her own token, $Melania, diverting investor interest.
$Trump partially recovered to $64 while $Melania reached a $13 billion valuation.
The tokens, marketed by Trump-controlled companies, sparked debate over their speculative nature, market volatility, and potential conflicts of interest.
Trump’s pro-crypto stance and promised deregulation have boosted digital currencies, though critics question the ethics of profiting from political office.
It’s hilariously corrupt and outright sad, but mostly just frustrating. I don’t have any sympathy for those who put money in to such obvious obvious bootlicking scam. Yet at least from Trumps perspective it’s gonna work, it’s guaranteed free money with no risk or consequences.
And that’s just how this administration STARTS.
Far more concerning is the fact that anybody (or country, company, etc) on the planet with enough money can now directly bribe the us president through crypto
Hilariously corrupt, sad, and frustrating is how I would describe everything he does.
I have a bit of bitcoin FOMO. Whether these coins crash in a week, or a year, BTC is probably going to keep hitting all time highs, due to the fact that it’s the major on-ramp to a lot of meme coins.