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.
The crypto will be how the bribe money is funnelled. Just like all the tech bros going to “service the Donvict” at Mara Lago and then paying their fee for the inauguration, that’s just so he doesn’t go after them.
Plain and simple it’s the new way to pay bribes.