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.

  • brendansimms@lemmy.world
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    9 hours ago

    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