Donald Trump meme coin price tanks after wife Melania also launches token
Donald Trump meme coin price tanks after wife Melania also launches token
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 $13 billion valuation.
The tokens, marketed by Trump-controlled companies, sparked debate over their speculative nature, market volatility, and potential conflicts of interest.
Trump’s pro-crypto stance and promised deregulation have boosted digital currencies, though critics question the ethics of profiting from political office.
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Grifting as a day job. Goddamn who are the morons buying this shit and propping up this thievery.
Partly, some of the same morons who voted him in. Mostly, a foreign government that starts with R and ends with ussia.
Part of me thinks some of these people know what they are doing. But they've heard people say Trump isn't a billionaire that rather than admit they are wrong about him and hes actually a terrible business man, they can just make him into a billionaire and save face.
I have a feeling it’s no different than supporting televangelists. People trying to vicariously buy their fake jesus a victory, and buy their way to heaven by doing so.
I was curious what the official supposed purpose of these tokens was, since i have a hard time believing anyone would seriously see themselves buying anything with these at any point. The official website is hilarious. They're not claiming any purpose at all, you're just buying an "official meme":
Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol "$TRUMP" and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency. See Terms & Conditions Here, See Card Allocation Here
The grift is fully out in the open I guess.
The new NFT. Buy this all but useless image.
Um, ackshually, these tokens are not NFTs, because NFTs are non-fungible, and these are fungible tokens. Still equally useless, though.
Same idiots that voted for him
Exactly and in their eyes, that moron can do no wrong. Half of them think he is the second coming of Christ.