NewsEnglish • 11 hours ago

Donald Trump meme coin price tanks after wife Melania also launches token

www.theguardian.com

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Donald Trump meme coin price tanks after wife Melania also launches token

www.theguardian.com

NewsEnglish • 11 hours ago

President-elect’s $Trump coin more than halved in value before steadily recovering on Sunday

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.

Chat

@RememberTheApollo_
link
3•5 hours ago
The new NFT. Buy this all but useless image.
- @dhork
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  1•
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  3 hours ago
  Um, ackshually, these tokens are not NFTs, because NFTs are non-fungible, and these are fungible tokens. Still equally useless, though.

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