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.
Bad things happening to bad people? Works for me.
Bad? Trump’s coin went to $75 for a total value of $14 billion, of which he owns 80%. Melania’s release dropped Trump’s by 50%, so down to only $7 billion… Only $7 billion… briefly. The article states that his coin recovered to $64 or, I’m estimating here, around $12 billion total value. Her coin topped at $13 billion total value which, again, he owns 80% of through his companies. That means off these two scams, he raked in 80% of $25 billion dollars. That’s around $20 billions dollars in value.
This is, in your opinion, a bad thing?
Bad things? Launches crypto, gains a ton of money, crypto crashes, keeps money.