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.
Grifting as a day job. Goddamn who are the morons buying this shit and propping up this thievery.
Partly, some of the same morons who voted him in. Mostly, a foreign government that starts with R and ends with ussia.
Same idiots that voted for him
Multiple consecutive legendary pump & dump schemes.
Just morons. This is the era of the complete sucker.
“A fool and their money are soon parted”
They should create a crypto calles $Jesus .
They already do, you can buy 15M $JESUS for $1.
I’m just glad I bought all the trump NFTs.
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?
