Melania Trump launched her own meme coin, $MELANIA, shortly after her husband, President-elect Donald Trump, unveiled his own, $TRUMP. While $MELANIA initially saw a surge in value, reaching over $12 per coin and a $12 billion market cap, the launch coincided with a dramatic over 40% crash in the value of $TRUMP, losing over $7.5 billion in market capitalization. Both coins function as expressions of support, rather than investment opportunities, according to their respective websites. This development follows Trump’s appointment of David Sacks as his crypto and AI czar, signaling a potential shift in the nation’s approach to cryptocurrency.
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Donald Trump’s new “$TRUMP” meme coin, launched Friday, has seen a dramatic price surge, reaching $26.95 from $0.18, with a market cap exceeding $5 billion. Former aide Anthony Scaramucci condemned the venture as “corruption,” echoing concerns about Trump’s continued use of his image to sell merchandise. Critics cite this as another example of Trump leveraging his position for personal profit, particularly during his presidential campaign. The coin’s rapid growth and the controversy surrounding it highlight the volatile nature of meme coins and raise ethical questions regarding the actions of a president-elect.
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Trump launches a meme coin, and overnight, the cryptocurrency, dubbed $TRUMP, skyrockets to a staggering $32 billion market cap. This astonishing development is prompting widespread disbelief and outrage across the political spectrum. The sheer speed of its rise is unprecedented, hinting at significant artificial inflation rather than organic market forces.
The timing, days before a potential return to the presidency, adds a layer of complexity and suspicion to the situation. Many are questioning the ethics, legality, and potential conflicts of interest associated with such an undertaking. The inherent conflict between holding a position of immense public power and profiting from a personal financial venture of this nature is a blatant violation of the principles of good governance.… Continue reading
John Q. Hosedrinker 
Matt Underwood