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.
He isn’t going to pressure anyone. This is a path to legal bribery. The blockchain can be used to verify which wallets bought coins and if you decide to prove to Team Trump that you have invested millions in his wealth you will have influence. This is especially important for foreign donations.
Both of these are about bribing Trump.