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.
I miss when crypto’s purpose was to buy exotic drugs from strange corners of the internet.
I bought the first solid state drive I ever owned with about .7 BTC I mined on my GPU years ago, well before it blew up and when there was still a hope of it being a legitimate alternative currency. Now it’s just gambling.
I got a Galaxy S4 with my .5 BTC, I’m guessing around the same time.
What’s wild is I’ve seen vendors go from onion only, to telegram, to full on clearnet pages just with a coin wallet now.