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

www.theguardian.com

266

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

www.theguardian.com

@MicroWave to

NewsEnglish • 14 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.

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@dhork
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6 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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