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.
Part of me thinks some of these people know what they are doing. But they’ve heard people say Trump isn’t a billionaire that rather than admit they are wrong about him and hes actually a terrible business man, they can just make him into a billionaire and save face.
I have a feeling it’s no different than supporting televangelists. People trying to vicariously buy their fake jesus a victory, and buy their way to heaven by doing so.