Trump and Melania’s Scammy Meme Coins Have Lost Almost All Value
You may remember that the president has a piece of meme, $ Trump. A few days before his second inauguration, the president – who told Fox News during his first mandate that he was not “a big fan” of cryptocurrencies, which he perhaps considered “false” – made his own foray into the crypto.
The value of the same corner quickly increased to about $ 75. He abandoned shortly after, but saw a bump in April when Trump announced “the most exclusive invitation in the world”: for the 220 best investors of $ Trump Coin to enjoy a private dinner with the president of his Virginia Golf Club.
Since then, the value of Trump’s play has dropped again, at $ 9, having flowed 88% compared to its January summit.
You may also remember it – if you try more from memory – than the First Lady, Melania Trump, is also in the parts sector even. Her $ Melania Coin followed a trajectory similar to her husband’s medal, seeing a precipitated drop of 98% of her value compared to her summit of $ 8.50 in mid-January.
In May, the Financial time Published a investigation into Melania Trump’s memes play, revealing that a merchant coterie harvested almost $ 100 million by buying $ Melania Coin a few minutes before its publicly announcement, before unloading most of their assets after its increased value after the announcement.
The same part of the First Lady is now worth less than a quarter of a dollar.
