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.

  • Voroxpete@sh.itjust.works
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    3 hours ago

    It should be noted that many new tokens, NFTs, etc, will openly advertise that they are pump and dumps. They will literally recruit people to buy in under the pretense that they are going to win big as part of the dump, only for them to discover that they are actually going to be the bag holders.