#Official Melania Meme

[36crypto]

Official MELANIA (MELANIA) Price Prediction 2025-2029: Will MELANIA Hit $35 Soon?

The Official MELANIA (MELANIA) token has become a rising star in the cryptocurrency world, driven by its symbolic ties to the Trump family and growing popularity as a meme coin. Currently trading at $5.61, MELANIA boasts a market cap of $1.07 billion and has already gained substantial traction with a 24-hour trading volume of $6.24 billion. With a total supply of 1 billion tokens and a…

[dreaminginthedeepsouth]

Morten Morland :: @mortenmorland on :: @thetimes – political cartoon gallery in London

+

LETTERS FROM AN AMERICAN

January 20, 2025

Heather Cox Richardson

Jan 21, 2025

The tone for the inauguration of Donald J. Trump as the 47th president of the United States at noon today was set on Friday, when Trump, who once trashed cryptocurrency as “based on thin air,” launched his own cryptocurrency. By Sunday morning it had made more than $50 billion on paper. Felix Salmon of Axios reported that “a financial asset that didn’t exist on Friday afternoon—now accounts for about 89% of Donald Trump’s net worth.”

As Salmon noted, “The emoluments clause of the Constitution,” which prohibits any person holding a government office from accepting any gift or title from a foreign leader or government, “written in 1787, hardly envisaged a world where a president could conjure billions of dollars of wealth out of nowhere just by endorsing a meme.” Salmon also pointed out that there is no way to track the purchases of this coin, meaning it will be a way for those who want something from Trump to transfer money directly to him.

Former Trump official Anthony Scaramucci posted that “anyone in the world can essentially deposit money” into the bank account of the president of the United States.

On Sunday, Trump’s wife Melania launched her own coin. It took the wind out of the sales of Trump’s coin, although both coins have disclaimers saying that the coins are “an expression of support for and engagement with the values embodied by” the Trumps, and are not intended to be “an investment opportunity, investment contract, or security of any type.” Her cryptocurrency was worth more than $5 billion within two hours.

CNN noted that the release of the meme coin had raised “serious ethics concerns,” but those who participate in the industry were less gentle. One wrote: “Trump’s sh*tcoin release has caused possibly the greatest overnight loss of credibility in presidential history. He made $60B. Great for Trump family, terrible for this country and hopes we had for the Trump presidency.”

Walter Schaub, former head of the Office of Government Ethics under Trump in his first administration, who left after criticizing Trump’s unwillingness to divest himself of his businesses, wrote to CNN: “America voted for corruption, and that’s what Trump is delivering…. Trump’s corruption and naked profiteering is so open, extreme and pervasive this time around that to comment on any one aspect of it would be to lose the forest for the trees. The very idea of government ethics is now a smoldering crater.”

At a rally Sunday night at the Capital One Arena in Washington, Trump highlighted the performance side of his public persona. He teased the next day’s events and let his audience in on a secret that echoed the “neokayfabe” of professional wrestling by leaving people wondering if it was true or a lie. After praising Elon Musk, he told the crowd “He was very effective. He knows those computers better than anybody. Those vote counting computers. And we ended up winning Pennsylvania like in a landslide. So it was pretty good…. Thank you to Elon.”

This morning, hours before he left office, President Joe Biden pardoned several of the targets of MAGA Republicans, including "General Mark A. Milley, Anthony S. Fauci, the Members of Congress and staff who served on the Select Committee, and the U.S. Capitol and D.C. Metropolitan police officers who testified before the Select Committee.” Biden clarified that the pardons “should not be mistaken as an acknowledgment that any individual engaged in any wrongdoing, nor should acceptance be misconstrued as an admission of guilt for any offense.” He noted, “Our nation owes these public servants a debt of gratitude for their tireless commitment to our country.”

But, he said, "These are exceptional circumstances, and I cannot in good conscience do nothing. Even when individuals have done nothing wrong—and in fact have done the right thing—and will ultimately be exonerated, the mere fact of being investigated or prosecuted can irreparably damage reputations and finances." He later pardoned his siblings and their spouses to protect them from persecution by the incoming president.

Before he left office, Biden posted on social media: Scripture says: “I have been young and now I’m old yet I have never seen the righteous forsaken.” After all these years serving you, the American people, I have not seen the righteous forsaken. I love you all. May you keep the faith. And may God bless you all.”

This morning, members of the far-right paramilitary organization the Proud Boys marched through the capital carrying a banner that read “Congratulations President Trump” and chanting: “Whose streets? Our streets!”

Two days ago, Trump moved his inauguration into the Capitol Rotunda, where his supporters had rioted on January 6, 2021, because of cold temperatures expected in Washington, D.C. Even with his supporters excluded, the space was cramped, but prime spots went to billionaires: Meta chief executive officer Mark Zuckerberg, Amazon founder Jeff Bezos, Apple chief executive officer Tim Cook, Google chief Sundar Pichai, TikTok chief executive officer Shou Zi Chew, and Tesla and SpaceX chief executive owner Elon Musk, who appeared to be stoned.

Right-wing media mogul Rupert Murdoch, who launched the Fox News Channel in 1996, was there, as were popular podcaster Joe Rogan and founder of Turning Point USA Charlie Kirk.

Although foreign leaders are not normally invited to presidential inaugurations, far-right foreign leaders President Javier Milei of Argentina and Italian prime minister Giorgia Meloni were there, along with a close ally of Chinese president Xi Jinping.

The streets were largely empty as Trump traveled to the U.S. Capitol. Supporters watched from Capital One Arena as Trump took the oath of office, apparently forgetting to put his hand on the Bibles his wife held. After Vice President–elect J.D. Vance had taken the oath of office, sworn in by Supreme Court Justice Brett Kavanaugh, and Supreme Court Chief Justice John Roberts had sworn in Trump, the new president delivered his inaugural address.

While inaugural addresses are traditionally an attempt to put the harsh rhetoric of campaigns behind and to emphasize national unity, Trump’s inaugural address rehashed the themes of his campaign rallies. Speaking in the low monotone he uses when he reads from a teleprompter, he delivered an address that repeated the lies on which he built his 2024 presidential campaign.

He said that the Justice Department has been “weaponized,” that Biden’s administration “cannot manage even a simple crisis at home while at the same time stumbling into a continuing catalog of catastrophic events abroad,” that the U.S. has provided “sanctuary and protection for dangerous criminals,” that the government has “treated so badly” the storm victims in North Carolina,” and so on.

Fact-checkers at The Guardian noted the speech was full of “false and misleading claims.”

Trump went on to promise a series of executive orders to address the crises he claimed during his campaign. He would “declare a national emergency at our southern border,” he said, and “begin the process of returning millions and millions of criminal aliens back to the places from which they came.” (Border crossings are lower now than they were at the end of Trump’s last term.) He promised to tell his cabinet members to bring down inflation (it peaked in 2022 and is now close to the Fed’s target of 2%), bring back manufacturing (the Biden administration brought more than 700,000 new manufacturing jobs to the U.S.), end investments in green energy (which has attracted significant private investment, especially in Republican-dominated states), and make foreign countries fund the U.S. government through tariffs (which are, in fact, paid by American consumers).

He also vowed to take the Panama Canal back from Panama, prompting Panama’s president José Raúl Mulino to “fully reject the statements made by” Trump, and Panamanian protesters to burn the American flag.

With a declaration about the Pennsylvania shooting that bloodied his ear, Trump declared that he believes he is on a divine mission. “I felt then, and believe even more so now, that my life was saved for a reason. I was saved by God to make America great again.”

After his inaugural address, former president Biden and former first lady Dr. Jill Biden left, and Trump delivered a much more animated speech to prominent supporters in which CNN’s Daniel Dale said he returned to his “lie-a-minute style.” He rehashed the events of January 6, 2021, and claimed that then–House speaker Nancy Pelosi is “guilty as hell…that’s a criminal offense.”

But the bigger story came in the afternoon, when Trump held a rally at the Capitol One Arena in place of the traditional presidential parade. Supporters there had watched the inauguration on a jumbotron screen, booing Biden and jumping to their feet to cheer at Trump’s declaration that he had been saved by God. In the afternoon, Elon Musk spoke to the crowd, throwing two salutes that right-wing extremists, including neo-Nazis, interpreted as Nazi salutes.

Trump and his family arrived after 5:00 for the inaugural parade. The new president spoke again in rally mode after six, and then staged a demonstration that he was changing the country by holding a public signing of executive orders. Those appeared to be designed, as he promised, to retaliate against those he feels have wronged him. Among other executive orders, he withdrew the United States from the Paris Climate Agreement, drawing approving roars from the crowd.

As Jonathan Swan of the New York Times noted, “Signing executive orders and pardons are two of the parts of the job that Trump loves most. They are unilateral, instantaneous displays of power and authority.” After signing a few executive orders for the crowd, Trump threw the signing sharpies into the crowd, and then he and his family left abruptly.

Back at the White House, retaliation continued. Trump pardoned or commuted the sentences of all of the January 6 rioters who had been convicted of crimes related to the attempt to overthrow the results of the 2020 presidential election, including Enrico Tarrio, the former leader of the Proud Boys who was serving 22 years for seditious conspiracy to overthrow the government of the United States.

His pardon also included Daniel Rodriguez, who was sentenced to 12 and a half years in prison after pleading guilty to tasing Metropolitan Police Officer Michael Fanone, who suffered cardiac arrest and a traumatic brain injury. “Omg I did so much f---ing s--- r[ight] n[ow] and got away,” he texted to his gang. “Tazzed the f--- out of the blue[.]”

Trump signed an executive order that withdraws the U.S. from the World Health Organization, another that tries to establish that there are only two sexes in the United States, and yet another that seeks to end the birthright citizenship established by the Fourteenth Amendment. He signed one intending to strip the security clearances from 51 people whom he accuses of election interference related to Hunter Biden’s laptop, and has ordered that an undisclosed list of Trump appointees immediately be granted the highest levels of security clearance without undergoing background checks. He also signed one ordering officials “to deliver emergency price relief.”

Behind the scenes today, officials in the Trump administration fired the acting head of the U.S. immigration court system as well as other leaders of that system, and cancelled the CBP One app, an online lottery system through which asylum seekers could schedule appointments with border agents, leaving asylum seekers who had scheduled appointments three weeks ago stranded. Trump officials have also taken down a government website that helped women find health care and understand their rights. They have also removed the official portrait of former chair of the Joint Chiefs of Staff Mark Milley from the hallway with the portraits of all the former chairs…now all minus one.

But for all their claims to be hitting the ground running, lawyers noted that some of the executive orders were poorly crafted to accomplish what they claimed—an observer called one “bizarre legal fanfic not really intended for judicial interpretation”—and lawsuits challenging them are already being filed. Others are purely performative, like ordering officials to lower prices.

Further, CNN national security correspondent Natasha Bertrand reported that almost an hour after Trump became president, “current and former Pentagon officials say they don’t know who is currently in charge of the Defense Department,” a key position to maintain U.S. security against adversaries who might take advantage of transition moments to push against American defenses.

Bertrand reported that the Trump transition team had trouble finding someone to serve as acting secretary until the Senate confirms a replacement for Biden’s Defense Secretary Lloyd Austin. Trump’s nominee, former Fox News Channel weekend host Pete Hegseth has had trouble getting the votes he needs, although tonight the Senate Armed Services Committee approved him by a straight party line vote.

Bertrand notes that two senior department officials declined to take on the position. The Trump administration swore in Robert Salesses, deputy director of the branch of the Pentagon that focuses on human resources, facilities, and resource management—who has already been confirmed by the Senate in that position—as acting Defense Secretary.

Beginning tomorrow, the Republicans will have to deal with the fact that the Treasury will hit the debt ceiling and will have to use extraordinary measures to pay the obligations of the United States government.

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

[allthegeopolitics]

Melania Trump launched her own cryptocurrency Sunday on the eve of her husband's presidential inauguration, just a day after his own coin was launched — moves that are raising ethical concerns among crypto industry observers.

"The Official Melania Meme is live! You can buy $MELANIA now," the incoming first lady wrote on X.

Donald Trump had launched his own meme coin, $TRUMP, on Saturday, branded with imagery of his attempted assassination in July.

The $TRUMP coin soared to nearly $11 billion US in market value on Monday morning, according to crypto data platform CoinMarketCap, potentially inflating his net worth by billions — though that figure dropped to $8 billion in the later afternoon. $MELANIA, meanwhile, had a market value of $1.7 billion a few hours before the inauguration, later dropping to $1 billion. [...]

Continue Reading.

[mariacallous]

Donald Trump declared on the campaign trail that he’d be a “crypto president” during his second term. He said he’d make America “the crypto capital of the planet” and a “bitcoin superpower.” His sudden and wholehearted embrace of cryptocurrency thrilled the industry, but just days before taking office, Trump surprised his crypto supporters with a cash grab that’s shameless even by his standards.

Last Friday, Trump announced on his Truth Social platform that he’d launched his own “memecoin” bearing the name $TRUMP.

“My NEW Official Trump Meme is HERE!” he wrote. “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump community. GET YOUR $TRUMP Now. Go to gettrumemes.com — Have Fun!”

It might’ve seemed like grandpa’s account had been hacked, but it’s actually yet another example of Trump’s ongoing long con on the American people. Since the election, he’s sold $199 Trump cologne and $100,000 Trump watches. Now, he’s hawking digital magic beans.

By Sunday morning, the $TRUMP coin had exploded in value. According to Axios’s Felix Salmon, the coin had made Trump $56.6 billionon paper, accounting for roughly 89 percent of his total net worth.

First Lady Melania Trump got in on the grift on Sunday with her own $MELANIA memecoin, which also generated billions of unearned dollars. Melania’s memecoin, however, did some damage to $TRUMP.

$MELANIA’s launch diverted attention and liquidity from Trump’s memecoin, which dropped from a $75 high on Sunday to $40 on Monday afternoon. But hey, that’s still a pretty good price for absolutely nothing.

The Trump family used the presidency to enrich themselves in egregiously corrupt ways the first time around, but the memecoin stunt suggests that owning a hotel by the White House and forcing the Secret Service to spend at Trump properties will soon seem quaint.

[misfitwashere]

January 20, 2025

HEATHER COX RICHARDSON

JAN 21

The tone for the inauguration of Donald J. Trump as the 47th president of the United States at noon today was set on Friday, when Trump, who once trashed cryptocurrency as “based on thin air,” launched his own cryptocurrency. By Sunday morning it had made more than $50 billion on paper. Felix Salmon of Axios reported that “a financial asset that didn’t exist on Friday afternoon—now accounts for about 89% of Donald Trump’s net worth.”

As Salmon noted, “The emoluments clause of the Constitution,” which prohibits any person holding a government office from accepting any gift or title from a foreign leader or government, “written in 1787, hardly envisaged a world where a president could conjure billions of dollars of wealth out of nowhere just by endorsing a meme.” Salmon also pointed out that there is no way to track the purchases of this coin, meaning it will be a way for those who want something from Trump to transfer money directly to him.

Former Trump official Anthony Scaramucci posted that “anyone in the world can essentially deposit money” into the bank account of the president of the United States.

On Sunday, Trump’s wife Melania launched her own coin. It took the wind out of the sales of Trump’s coin, although both coins have disclaimers saying that the coins are “an expression of support for and engagement with the values embodied by” the Trumps, and are not intended to be “an investment opportunity, investment contract, or security of any type.” Her cryptocurrency was worth more than $5 billion within two hours.

CNN noted that the release of the meme coin had raised “serious ethics concerns,” but those who participate in the industry were less gentle. One wrote: “Trump’s sh*tcoin release has caused possibly the greatest overnight loss of credibility in presidential history. He made $60B. Great for Trump family, terrible for this country and hopes we had for the Trump presidency.”

Walter Schaub, former head of the Office of Government Ethics under Trump in his first administration, who left after criticizing Trump’s unwillingness to divest himself of his businesses, wrote to CNN: “America voted for corruption, and that’s what Trump is delivering…. Trump’s corruption and naked profiteering is so open, extreme and pervasive this time around that to comment on any one aspect of it would be to lose the forest for the trees. The very idea of government ethics is now a smoldering crater.”

At a rally Sunday night at the Capital One Arena in Washington, Trump highlighted the performance side of his public persona. He teased the next day’s events and let his audience in on a secret that echoed the “neokayfabe” of professional wrestling by leaving people wondering if it was true or a lie. After praising Elon Musk, he told the crowd “He was very effective. He knows those computers better than anybody. Those vote counting computers. And we ended up winning Pennsylvania like in a landslide. So it was pretty good…. Thank you to Elon.”

This morning, hours before he left office, President Joe Biden pardoned several of the targets of MAGA Republicans, including "General Mark A. Milley, Anthony S. Fauci, the Members of Congress and staff who served on the Select Committee, and the U.S. Capitol and D.C. Metropolitan police officers who testified before the Select Committee.” Biden clarified that the pardons “should not be mistaken as an acknowledgment that any individual engaged in any wrongdoing, nor should acceptance be misconstrued as an admission of guilt for any offense.” He noted, “Our nation owes these public servants a debt of gratitude for their tireless commitment to our country.”

But, he said, "These are exceptional circumstances, and I cannot in good conscience do nothing. Even when individuals have done nothing wrong—and in fact have done the right thing—and will ultimately be exonerated, the mere fact of being investigated or prosecuted can irreparably damage reputations and finances." He later pardoned his siblings and their spouses to protect them from persecution by the incoming president.

Before he left office, Biden posted on social media: Scripture says: “I have been young and now I’m old yet I have never seen the righteous forsaken.” After all these years serving you, the American people, I have not seen the righteous forsaken. I love you all. May you keep the faith. And may God bless you all.”

This morning, members of the far-right paramilitary organization the Proud Boys marched through the capital carrying a banner that read “Congratulations President Trump” and chanting: “Whose streets? Our streets!”

Two days ago, Trump moved his inauguration into the Capitol Rotunda, where his supporters had rioted on January 6, 2021, because of cold temperatures expected in Washington, D.C. Even with his supporters excluded, the space was cramped, but prime spots went to billionaires: Meta chief executive officer Mark Zuckerberg, Amazon founder Jeff Bezos, Apple chief executive officer Tim Cook, Google chief Sundar Pichai, TikTok chief executive officer Shou Zi Chew, and Tesla and SpaceX chief executive owner Elon Musk, who appeared to be stoned.

Right-wing media mogul Rupert Murdoch, who launched the Fox News Channel in 1996, was there, as were popular podcaster Joe Rogan and founder of Turning Point USA Charlie Kirk.

Although foreign leaders are not normally invited to presidential inaugurations, far-right foreign leaders President Javier Milei of Argentina and Italian prime minister Giorgia Meloni were there, along with a close ally of Chinese president Xi Jinping.

The streets were largely empty as Trump traveled to the U.S. Capitol. Supporters watched from Capital One Arena as Trump took the oath of office, apparently forgetting to put his hand on the Bibles his wife held. After Vice President–elect J.D. Vance had taken the oath of office, sworn in by Supreme Court Justice Brett Kavanaugh, and Supreme Court Chief Justice John Roberts had sworn in Trump, the new president delivered his inaugural address.

While inaugural addresses are traditionally an attempt to put the harsh rhetoric of campaigns behind and to emphasize national unity, Trump’s inaugural address rehashed the themes of his campaign rallies. Speaking in the low monotone he uses when he reads from a teleprompter, he delivered an address that repeated the lies on which he built his 2024 presidential campaign.

He said that the Justice Department has been “weaponized,” that Biden’s administration “cannot manage even a simple crisis at home while at the same time stumbling into a continuing catalog of catastrophic events abroad,” that the U.S. has provided “sanctuary and protection for dangerous criminals,” that the government has “treated so badly” the storm victims in North Carolina,” and so on.

Fact-checkers at The Guardian noted the speech was full of “false and misleading claims.”

Trump went on to promise a series of executive orders to address the crises he claimed during his campaign. He would “declare a national emergency at our southern border,” he said, and “begin the process of returning millions and millions of criminal aliens back to the places from which they came.” (Border crossings are lower now than they were at the end of Trump’s last term.) He promised to tell his cabinet members to bring down inflation (it peaked in 2022 and is now close to the Fed’s target of 2%), bring back manufacturing (the Biden administration brought more than 700,000 new manufacturing jobs to the U.S.), end investments in green energy (which has attracted significant private investment, especially in Republican-dominated states), and make foreign countries fund the U.S. government through tariffs (which are, in fact, paid by American consumers).

He also vowed to take the Panama Canal back from Panama, prompting Panama’s president José Raúl Mulino to “fully reject the statements made by” Trump, and Panamanian protesters to burn the American flag.

With a declaration about the Pennsylvania shooting that bloodied his ear, Trump declared that he believes he is on a divine mission. “I felt then, and believe even more so now, that my life was saved for a reason. I was saved by God to make America great again.”

After his inaugural address, former president Biden and former first lady Dr. Jill Biden left, and Trump delivered a much more animated speech to prominent supporters in which CNN’s Daniel Dale said he returned to his “lie-a-minute style.” He rehashed the events of January 6, 2021, and claimed that then–House speaker Nancy Pelosi is “guilty as hell…that’s a criminal offense.”

But the bigger story came in the afternoon, when Trump held a rally at the Capitol One Arena in place of the traditional presidential parade. Supporters there had watched the inauguration on a jumbotron screen, booing Biden and jumping to their feet to cheer at Trump’s declaration that he had been saved by God. In the afternoon, Elon Musk spoke to the crowd, throwing two salutes that right-wing extremists, including neo-Nazis, interpreted as Nazi salutes.

Trump and his family arrived after 5:00 for the inaugural parade. The new president spoke again in rally mode after six, and then staged a demonstration that he was changing the country by holding a public signing of executive orders. Those appeared to be designed, as he promised, to retaliate against those he feels have wronged him. Among other executive orders, he withdrew the United States from the Paris Climate Agreement, drawing approving roars from the crowd.

As Jonathan Swan of the New York Times noted, “Signing executive orders and pardons are two of the parts of the job that Trump loves most. They are unilateral, instantaneous displays of power and authority.” After signing a few executive orders for the crowd, Trump threw the signing sharpies into the crowd, and then he and his family left abruptly.

Back at the White House, retaliation continued. Trump pardoned or commuted the sentences of all of the January 6 rioters who had been convicted of crimes related to the attempt to overthrow the results of the 2020 presidential election, including Enrico Tarrio, the former leader of the Proud Boys who was serving 22 years for seditious conspiracy to overthrow the government of the United States.

His pardon also included Daniel Rodriguez, who was sentenced to 12 and a half years in prison after pleading guilty to tasing Metropolitan Police Officer Michael Fanone, who suffered cardiac arrest and a traumatic brain injury. “Omg I did so much f---ing s--- r[ight] n[ow] and got away,” he texted to his gang. “Tazzed the f--- out of the blue[.]”

Trump signed an executive order that withdraws the U.S. from the World Health Organization, another that tries to establish that there are only two sexes in the United States, and yet another that seeks to end the birthright citizenship established by the Fourteenth Amendment. He signed one intending to strip the security clearances from 51 people whom he accuses of election interference related to Hunter Biden’s laptop, and has ordered that an undisclosed list of Trump appointees immediately be granted the highest levels of security clearance without undergoing background checks. He also signed one ordering officials “to deliver emergency price relief.”

Behind the scenes today, officials in the Trump administration fired the acting head of the U.S. immigration court system as well as other leaders of that system, and cancelled the CBP One app, an online lottery system through which asylum seekers could schedule appointments with border agents, leaving asylum seekers who had scheduled appointments three weeks ago stranded. Trump officials have also taken down a government website that helped women find health care and understand their rights. They have also removed the official portrait of former chair of the Joint Chiefs of Staff Mark Milley from the hallway with the portraits of all the former chairs…now all minus one.

But for all their claims to be hitting the ground running, lawyers noted that some of the executive orders were poorly crafted to accomplish what they claimed—an observer called one “bizarre legal fanfic not really intended for judicial interpretation”—and lawsuits challenging them are already being filed. Others are purely performative, like ordering officials to lower prices.

Further, CNN national security correspondent Natasha Bertrand reported that almost an hour after Trump became president, “current and former Pentagon officials say they don’t know who is currently in charge of the Defense Department,” a key position to maintain U.S. security against adversaries who might take advantage of transition moments to push against American defenses.

Bertrand reported that the Trump transition team had trouble finding someone to serve as acting secretary until the Senate confirms a replacement for Biden’s Defense Secretary Lloyd Austin. Trump’s nominee, former Fox News Channel weekend host Pete Hegseth has had trouble getting the votes he needs, although tonight the Senate Armed Services Committee approved him by a straight party line vote.

Bertrand notes that two senior department officials declined to take on the position. The Trump administration swore in Robert Salesses, deputy director of the branch of the Pentagon that focuses on human resources, facilities, and resource management—who has already been confirmed by the Senate in that position—as acting Defense Secretary.

Beginning tomorrow, the Republicans will have to deal with the fact that the Treasury will hit the debt ceiling and will have to use extraordinary measures to pay the obligations of the United States government.

[olivafans]

The Official Melania Meme is live!

You can buy $MELANIA now.  

[darkmaga-returns]

1/27 ASTROLABE LINKS:

TRUMP WEEK 1 HYPE VIDEO

BARRON GAME OF THRONES??

THE AMISH ARE READY TO REPLACE FEMA

MEL GIBSON: "DADDY'S ARRIVED"

TRUMP IN LA: PERMITS

TRUMP IN LA: BRAD SHERMAN AND FEMA

TRUMP IN LA: BRAD SHERMAN AND INSURANCE

TRUMP IN LA: "WE LIKE WATER"

TRUMP IN LA: KAREN BASS BTFO

TRUMP IN LA: INDIVIDUAL > COMMISSION

TRUMP IN LA: "I'M GOING TO OVERRIDE THE COASTAL COMMISSION"

MELANIA AT TRUMP'S SIDE

TRUMP ON THE ROLE OF A WIFE

TRUMP ROASTING BIDEN

JD VANCE AT THE MARCH FOR LIFE

VANCE AT MARCH FOR LIFE: "THE BENCHMARK OF NATIONAL SUCCESS IS NOT OUR GDP"

"I DON'T REALLY CARE, MARGARET"

THE VANCE GLANCE

EWBSX: THE REAL BLACK HISTORY

STEPHEN MILLER: "YOU'RE GOING TO SEE A MASSIVE SCALE UP IN ENFORCEMENT ACTIVITIES"

STEPHEN MILLER: "SOVEREIGN NATION"

TRUMP ADMIN DEPUTIZING STATE AND LOCAL OFFICIALS FOR IMMIGRATION ENFORCEMENT

TOM HOMAN AND DR PHIL ON THE STREET

COLOMBIAN PRESIDENT TRIES TO STAND UP TO TRUMP

TRUMP ORDERS SANCTIONS ON COLOMBIA

COLOMBIAN PRESIDENT'S TRANNY PROBLEM

COLOMBIAN PRESIDENT CAVES

TRUMP: "FAFO" MEME

TRUMP WAS GOLFING THE WHOLE TIME

COLOMBIA JUST FOUND OUT

LETTERS OF MARQUE AND REPRISAL

ERIK PRINCE IS STANDING BY

TRUMP IN TALKS WITH BUKELE ON CREATION OF "SAFE THIRD COUNTRY" AGREEMENT

TRUMP ANNOUNCES THEY WANT TO CREATE A PENAL COLONY FOR VIOLENT REPEAT OFFENDERS

DOGE GOING AFTER NGOS FUNDING ILLEGAL IMMIGRATION

TUCKER'S SON JOINING VANCE AS DEPUTY PRESS SECRETARY

EU BANNING CATHOLIC PRAYER APP

TRUMP FREEZING OUT EU BUREAUCRATS

LUKASHENKO MOCKING BRIT REPORTER

ORBAN AND LE PEN HOLDING "MEGA" RALLY

TRUMP WANTS TO REPLACE INCOME TAX WITH TARIFFS

[newsclickofficial]

Fund manager Tuttle Capital filed applications for ten altcoin exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). Among them are Chainlink ($LINK), Cardano ($ADA), and even meme coins like Bonk ($BONK) and Official Trump ($TRUMP). These filings come on the back of recent changes in the SEC’s leadership, as pro-crypto Mark Uyeda replaced crypto critic Gary Gensler as the agency’s chair. US Fund Managers Test the Waters Tuttle Capital already offers several leveraged $BTC and $ETH ETFs. Now, the firm seeks approval for ten 2x ETFs, including $XRP, $SOL, and $MELANIA. Essentially, these are ETFs that would provide twice the daily gains or losses of their underlying tokens. Speculations about $SOL and $XRP ETFs have been spreading for a while, but meme coin ETFs are an entirely new, experimental concept. Last week, REX Shares also filed for a $DOGE ETF – perhaps viewing it as a more predictable and sustainable investment than $TRUMP or $MELANIA. Bloomberg Intelligence suggests issuers are testing the waters to see what the new SEC administration would allow. The question is – where will regulators draw the line? Tuttle Capital Could Set Precedent for Meme Coins Like Solaxy ($SOLX) If the SEC approves Tuttle Capital’s ETFs, they could be available on the market by April. This would set a precedent for meme coin ETFs, and we might see similar financial products for hundreds of other tokens. However, utility-backed meme coins have higher odds of getting the green light. One such project is Solaxy ($SOLX), a Solana Layer-2 solution with a Pepe mascot. Solaxy aims to prevent network congestion, reduce fees, and speed up transfers by offloading part of transactions to its side chain. There are currently no Layer-2 networks for Solana, so Solaxy pioneers the niche. This unique utility helped Solaxy gain momentum and raise over $15.6M on presale. One $SOLX now costs $0.001618, which is the lowest possible entry point into the project. It’s true that exchange listings typically boost token value, and Solaxy already has them planned. But if (or when) $SOLX ETF rolls out, we might see a truly meteoric rise. Take $BTC, for example. The first spot $BTC ETF application was filed in 2013, but only in 2021 was the first $BTC ETF launched in Canada. Within one month after the news, $BTC rose from $33K to $57K and within two to $60K. When BlackRock filed for the first US $BTC ETF in June 2023, $BTC was trading at $27K. Since $BTC ETFs began trading on the US spot market in January 2024, it hit $100K. It appears that Solaxy launches just in time for a new wave of institutional adoption, which could bring its early supporters amplified returns. Can Meme Coin ETFs Go Mainstream? The effects of the new pro-crypto administration are already evident. While the SEC hasn’t yet approved Tuttle Capital’s applications, it hasn’t turned them down either, so the odds are high. The crypto market may be entering a new bull cycle where institutional investors finally judge projects like Solaxy for their technology rather than meme facade. However, we remind you that the crypto market is extremely volatile, and no gains are guaranteed. DYOR and keep a cool head at all times.

[antonjesus]

Why Official Trump Crashed... ⚠ Melania Meme Causes Panic - Crypto Meme ...

[cryptoenthu]

🔥 $TRUMP Coin: Meme, Movement, or Market Shaker? 🪙 The crypto world just got a plot twist worthy of a blockbuster! $TRUMP, Donald Trump’s "official meme coin," is making waves after a jaw-dropping launch. In just 48 hours, it soared from $6.24 to $75.35, hitting a $14B market cap. But is it just hype, or a new era for meme coins? 👀 💥 What Makes $TRUMP Stand Out? 🚀 Built on Solana for lightning-fast transactions 🔗 Tokenomics: 200M tokens circulating, scaling to 1B in 3 years 💰 $18B trading volume in a single day 📈 Now listed on Robinhood—mainstream adoption is here More than just a coin, $TRUMP combines politics, culture, and branding like never before. Backed by Trump’s influence and marketing genius, it’s tapping into the power of symbolism and sentiment. 🗳️ Not without drama... When Melania launched $MELANIA, it caused a 40% dip in $TRUMP’s price. But in true Trump style, the coin rebounded, stabilizing at $53. 💡 A Glimpse Into the Future: With rumors of a crypto advisory council and policy moves to position the US as a global crypto hub, this might just be the beginning of $TRUMP’s impact. ⚠️ To Invest or Not to Invest? Meme coins are high-risk, high-reward. While $TRUMP has delivered massive returns, its value is driven by sentiment, not utility. The question is: do you believe in the movement? $TRUMP isn’t just a coin—it’s a cultural phenomenon rewriting the rules of the game. 🎯 Are you watching history being made or just another crypto bubble? 💬 Your move! Bullish or bearish?

www.cifdaq.com

[cryptonews99]

TRUMP token investors lose millions after inauguration! | CryptoNews | C...

#Crypto #TRUMPmemcoin #CryptoNewsTRUMP token investors lose millions after inauguration! | CryptoNews | Crypto “Trump tokens have fallen sharply since the inauguration of the US president On January 21, the prices of Official Trump (TRUMP) and Melania Meme (MELANIA) tokens fell from their highs by 29.8% and 53.8%, respectively. The reason for the sharp drop was the lack of mention of cryptocurrencies in Donald Trump's inauguration speech. In his speech after taking office, the US President did not touch on the creation of a national bitcoin reserve, which was previously one of his campaign promises. This disappointed cryptocurrency market participants, who expected digital assets to become a key area of public policy. Against this backdrop, bitcoin and its main competitors also showed a decline. However, by the end of January 21, the rate of decline had slowed to 0.6%-7%. According to Coinglass, 217,538 trader positions totaling $566 million were liquidated over the past 24 hours, of which $399 million came from long positions. Lookonchain analysts noted that one of the major market players lost $2.55 million on trades with the Official Trump token. At the same time, interest in cryptocurrencies among novice investors continues to grow. According to Google Trends, the number of queries on the topic “how to buy cryptocurrency” has reached a new record. Many newcomers have chosen TRUMP and MELANIA tokens for investment. #Crypto #TRUMPmemcoin  #CryptoNews #trumpinauguration

[enterprisewired]

Trump Promotes Meme Coin as Crypto Agenda Gains Momentum

Source: washingtonpost.com

Share Post:

LinkedIn

Twitter

Facebook

Reddit

Pinterest

Trump’s Cryptocurrency Launch and Market Reaction

President-elect Donald Trump has introduced a new cryptocurrency token, Trump meme coin, that has surged in value just before his inauguration. This unexpected move is in line with Trump’s history of unconventional promotions, which have included products like branded bibles and diamond-encrusted watches. The new token, marketed as a celebration of Trump’s values and victories, features an image of Trump with the words “FIGHT FIGHT FIGHT,” a nod to his resilience following an attempted assassination at a political rally in July.

Trump announced the token on social media, encouraging his supporters to “Have Fun!” The official website emphasizes that the tokens are symbolic of support rather than investment opportunities. Despite this, the token’s value skyrocketed from an initial $10 to nearly $70 before dipping again when Trump and his wife, Melania, introduced a separate meme coin dedicated to her, which traded for around $5.

Meme coins, known for their volatility and often launched as jokes, can experience significant price surges if they gain popularity. Dogecoin, a well-known meme coin, has similarly risen in value despite its whimsical origins. However, the Trump meme coin’s rapid rise and fall highlights the speculative nature of such investments.

Support and Criticism from the Crypto Community

The release of the Trump meme coin has garnered mixed reactions. Some crypto enthusiasts view it as a positive sign of Trump’s commitment to fostering a crypto-friendly environment, especially after feeling targeted by the previous administration. Trump has pledged to introduce favorable regulations for the crypto industry and has appointed pro-crypto figures to key positions in his government.

On the other hand, critics are concerned about the potential implications of the meme coin. They warn that it could provide a conduit for special interests and foreign entities to gain influence over the president. Anthony Scaramucci, former White House communications director, voiced concerns on social media, suggesting that the coin allows anyone to deposit money into Trump’s “bank account” with ease.

The token’s sale is managed by CIC Digital, an affiliate of the Trump Organization, which plans to issue a total of 1 billion coins over the next three years. The Trump Organization and another company collectively own 80% of the coins and will benefit from trading revenues. This setup has raised eyebrows, given the potential conflicts of interest it poses for a sitting president.

Trump’s Continued Foray into Digital Assets

This isn’t Trump’s first venture into the digital asset space. Last year, he and his family launched a cryptocurrency trading initiative and explored the world of non-fungible tokens (NFTs). Trump reported significant earnings from a series of digital trading cards depicting him in various heroic personas, from an astronaut to a cowboy.

Additionally, Trump’s social media platform, Truth Social, reflects his unconventional approach to business. Despite financial challenges, the platform boasts a valuation exceeding $8 billion, buoyed by the support of Trump’s loyal followers.

As Trump prepares to take office, his involvement in the crypto industry with Trump meme coin underscores his departure from traditional political norms and raises questions about the interplay between personal business interests and public office.

[moko1590m]

2025年01月20日 11時51分 トランプ次期大統領が仮想通貨「$TRUMP」を発行し価格急騰＆メラニア夫人も仮想通貨「$MELANIA」を発行し直後に「$TRUMP」が暴落する急展開

2025年1月18日(土)にドナルド・トランプ氏が独自の仮想通貨「$TRUMP」を発行しました。さらに、2日後の2025年1月20日(月)には妻のメラニア・トランプ氏も「$MELANIA」を発行。「$TRUMP」の価格は登場直後に急騰したものの「$MELANIA」の発表と同時に急落する異例の事態となっています。

The Official Trump Meme | GetTrumpMemes http://gettrumpmemes.com/

Melania Meme https://melaniameme.com/

2025年1月18日に、トランプ氏はSNSのTruth Socialに「非常に特別なトランプコミュニティに加わろう。今すぐ『$TRUMP』をゲットしよう」と投稿し、「$TRUMP」を発行したことをアピールしました。

「$TRUMP」はブロックチェーンネットワークの「Solana」で展開される仮想通貨です。「$TRUMP」の公式サイトには「トランプ氏は2024年7月13日に死に直面したが、戦い続けた！トランプ氏は『FIGHT FIGHT FIGHT』を掲げてリーダーとしての資質を世界に示した」「このトランプミームはどんな困難にも屈しないリーダーをたたえるものだ。トランプコミュニティに参加しよう」などと記されています。

「$TRUMP」はすでに2億トークン発行されており、今後3年で10億トークンまで増やす予定とのこと。発行されたトークンの80％はトランプ氏の関連会社である「CIC Digital LLC」と「Fight Fight Fight LLC」が共同で保有するそうです。また、公式サイトでは「$TRUMP」について「投機や投資を目的としたものではなく、いかなる種類の証券になることも意図していない」「政治的なものではなく、いかなる政治運動、政治事務所、政府機関とも関係がない」と説明しています。

そして、「$TRUMP」の発表から2日後の2025年1月20日には、メラニア夫人も独自の仮想通貨「$MELANIA」を発行しました。

「$MELANIA」もSolana上で展開される仮想通貨で、「$TRUMP」と同様に「投機や投資を目的としたものではない」「いかなる政治運動や政府機関とも関係がない」と説明されています。

「$TRUMP」はすでにBinanceなどの仮想通貨取引所で取引されており、CoinGeckoによると時価総額は94億ドル(約1兆5000億ドル)を超えているとのこと。また、「$TRUMP」の価格は一時的に70ドル(約1万1000��)を超えていましたが、「$MELANIA」の発表と同時に価格が急落し記事作成時点では48ドル(約7500円)前後で取引されています。

なお、トランプ氏は日本時間の2025年1月21日2時に第47代アメリカ大統領に就任します。

この記事のタイトルとURLをコピーする

・関連記事 トランプ氏の仮想通貨政策に暗雲か、アメリカ司法省が過去に押収した1兆円相当のビットコインの売却が認められたことで準備金が不足する可能性 - GIGAZINE

ビットコイン価格は2024年1月から120％超上昇して10万ドルを突破、トランプ次期大統領の誕生・ETF需要・4月の半減期などが影響か - GIGAZINE

トランプ次期大統領が「ホワイトハウスのAIおよび仮想通貨皇帝」としてPayPalの元COOデービッド・サックスを起用 - GIGAZINE

トランプ次期大統領が仮想通貨推進派のポール・アトキンス氏を次期SEC委員長に指名、ビットコインは初の10万ドルの大台突破 - GIGAZINE

アメリカで禁止されたTikTokのサービスが復旧へ、トランプ次期大統領の働きかけにより - GIGAZINE

・関連コンテンツ

PayPalがアメリカドルのレートと固定したステーブルコイン「PayPal USD」を発表、大手金融機関では初めての動き

仮想通貨取引所のCEOが仮想通貨の取り締まりを警戒、アメリカは「近視眼的」との発言も

あのゴールドマンサックスがBitcoin関連のスタートアップ企業に投資したことが判明

オバマ候補の公式サイト、1時間で52万5000ドルの寄付を達成

ビットコインの価格が8％も急騰、バイデン大統領が仮想通貨に関する大統領令に署名したのち

ドナルド・トランプが仮想通貨プラットフォームの「The DeFiant Ones」を創設すると宣言

ビットコインが8万9000ドルを突破して史上最高値を更新、次期トランプ政権への期待などで

ビットコインの価格がピーク時から55％下落し一時390万円を下回る、ステーブルコインUSTの価格も不安定に

(トランプ次期大統領が仮想通貨「$TRUMP」を発行し価格急騰＆メラニア夫人も仮想通貨「$MELANIA」を発行し直後に「$TRUMP」が暴落する急展開 - GIGAZINEから)

[ivankahasbeentreatedsounfairly]

By Eric Lipton and David Yaffe-Bellany

The Trump family’s new crypto token surged in just two days to become one of the most valuable forms of digital currency in the world, creating the potential for a multibillion-dollar payout to the family but also generating a storm of questions about the conflicts of interest the new venture creates.

President-elect Donald J. Trump announced the launch of the new token, $Trump, on Friday night as hundreds gathered for a crypto-inspired inauguration ball not far from the White House.

The venture won praise by some as a sign of how digital currencies are now going mainstream in the United States.

But economists and even some longtime crypto investors said the new digital coin, known as a memecoin, might also emerge as a landmark moment in the speculative history of crypto trading and the potential dangers it poses to the financial system. Memecoins are a type of cryptocurrency tied to an online joke or a celebrity mascot.

“If people want to gamble, I don’t really care,” said Lee Reiners, a former Federal Reserve economist who is now a lecturer for a center studying global economic markets at Duke University. “What I care about is when this crypto bubble bursts — and it will burst — it will end up impacting people across the economy even if they don’t have direct investment in crypto. And this new coin is making it worse.”

Eric Trump, one of Mr. Trump’s sons, who helped launch the token, declined to comment on Sunday.

At least on paper, the Trump tokens in the market as of Sunday late afternoon had a total trading value of nearly $13 billion, and a total of $29 billion worth of trades had taken place in just two days. That calculation is based on the nearly $64 value of each of the 200 million tokens issued, according to CoinGecko, an industry data tracker.

This suggests, as of Sunday, that Mr. Trump’s coin was the 19th most valuable form of cryptocurrency in the world, the CoinGecko tally indicated.

The Trump affiliates appear to control another 800 million tokensthat, at least hypothetically, could be worth as much as $51 billion — a total that would make Mr. Trump one of the richest people in the world.

Before the coin started trading, Forbes had listed Mr. Trump’s net worth as $6.7 billion, most of that coming from Trump Media and Technology Group, another speculative venture the Trump family helped start, which runs the money-losing social media platform Truth Social.

The Trump family late on Sunday moved to add a second new crypto token, this one called $Melania, with Mr. Trump and Melania, his wife, both promoting it on Truth Social, just as Mr. Trump was about to start a rally in Washington celebrating his inauguration.

“The official Melania Meme is live!” the social media posting said.

That move then coincided with a dive in the value of Mr. Trump’s own token, dropping to as low as $41, before starting to rise again, as doubts appeared to emerge over just how valuable these new tokens would actually be. Mr. Trump did not appear to be deterred.

“Bitcoin has shattered one record after another,” Mr. Trump said at his rally, referring to another form of cryptocurrency. He added during his remarks that “these are all investments that are only being made because we won the election.”

But Mr. Trump’s newfound crypto wealth would likely vaporize if he moved to sell his trove of coins. New cryptocurrencies often shoot up in price, making traders billionaires on paper, only to collapse when the coins’ holders start selling.

That is especially true of memecoins, which are prone to rapid swings in price as their internet popularity fluctuates. Prices can also vary across platforms, making it difficult to pin down a coin’s actual value. In 2021, one of the first memecoins, a dog-based digital currency called Dogecoin, minted millionaires overnight, only to lose much of its value just as quickly.

The launch of the Trump memecoin caught many of the industry’s power brokers off guard.

When the president-elect announced the coin on Friday night, hundreds of the most influential executives in the industry were drinking cocktails and singing along to Snoop Dogg at an inauguration party in Washington dubbed the Crypto Ball. (One executive who attended the ball said he was “annoyed” that trading in the coin had begun while the industry’s leaders “weren’t paying attention,” making it difficult for them to profit.)

Nonetheless, some traders have already cashed in.

Within a minute of the coin’s launch, a crypto trader had accumulated a $1 million position, according to an analysis of public transaction data by the crypto data firm Bubblemaps, which posted its findings on social media.

The coin’s price surged, and the trader’s account soon sold off holdings worth $20 million. The analysis prompted speculation on social media about whether an insider with advance knowledge of the coin’s launch had been able to make quick profits. (Bubblemaps did not immediately respond to a request for comment.)

Conor Grogan, a director at Coinbase, one of the largest trading platforms in the United States, estimated in a social media post that as of Saturday, the Trump team had made $58 million in fees from all of the $Trump sales — even without selling its own reserve of tokens to the open marketplace.

It also appears that the Trump team may be transferring some of its tokens onto an overseas trading platform called Bybit, which is not allowed to execute trades in the United States, Mr. Grogan noted. Bybit has recently been the focus of enforcement actions by international cryptocurrency regulators.

The Trump coin’s launch immediately created new opportunities for executives, crypto traders and even major companies to curry favor with the Trump administration.

Anyone can spin up a memecoin for a few dollars, and the vast majority of the tokens are not available to buy and sell on mainstream digital currency marketplaces, which often focus on larger, more established coins. But within hours of Mr. Trump’s announcement, the crypto exchange Kraken began offering the new coin, and Coinbase, the largest exchange in the United States, said it would also list it.

Coinbase and Kraken are fighting lawsuits filed by the Securities and Exchange Commission, which conducted a wide-ranging crackdown on crypto firms during the Biden administration. The companies are among a large group of crypto firms that stand to benefit from the more relaxed approach to tech regulation that Mr. Trump promised on the campaign trail.

A onetime crypto skeptic, Mr. Trump embraced the digital currency industry last year, giving a speech at a major industry conference in which he promised to turn the United States into the “crypto capital of the planet.”

After winning the election, Mr. Trump made a series of moves that appear poised to benefit the crypto industry. He chose someone to lead the S.E.C. who has a track record of working closely with crypto companies, and tapped the venture capitalist David Sacks, a digital currency enthusiast, to oversee crypto and artificial intelligence policy for his administration.

At the Crypto Ball, Mr. Sacks announced from the stage that “the reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun,” according to a video posted on social media by Eric Trump.

The president-elect’s family was personally invested in the crypto market even before the memecoin launched. In September, he and his sons helped start a crypto business, World Liberty Financial, that also has a digital coin associated with it, WLFI.

World Liberty is not directly owned by the Trumps. But Mr. Trump is a promoter of the venture, and he receives a cut of the profits from token sales.

For the most part, the crypto industry has responded enthusiastically to Mr. Trump’s crypto ventures. But someexecutives expressed concern this weekend that the memecoin launch would end up hurting amateur traders.

A popular crypto podcaster called it a “gratuitous cash grab” that would be “bad for humanity.” Erik Voorhees, a prominent Bitcoin investor, wrote on social media that the memecoin was “stupid and embarrassing.”

Still the Trump family’s embrace of cryptocurrencies shows no sign of slowing down.

“It’s time to celebrate everything we stand for: WINNING!” Mr. Trump wrote on Friday as he announced the birth of the new crypto token. “Join my very special Trump Community. GET YOUR $TRUMP NOW.”

[breakingnewss15]

A day after Donald Trump was sworn in as the 47th President of the U.S., whales took massive hits from Trump-backed meme coins MELANIA and TRUMP.  Just two days before his inauguration as the 47th president of the U.S., Donald Trump launched his meme coin, Official TRUMP (TRUMP), on the Solana (SOL) blockchain on Jan. 18. On Jan. 19, the token skyrocketed to a peak of over $75, swelling its market cap to nearly $15 billion—an eye-popping 840% jump from its all-time low of $6.24. However, as of this writing on Jan. 21, the TRUMP token has experienced a sharp downturn, dropping almost 57% to $33. In a turn of events, on-chain analyst Look On Chain highlighted a key transaction involving the wallet “Ansem.” The wallet, which had initially invested 9.38 million USDC (USDC) to purchase 194,799 TRUMP at an average price of $48.14, sold its holdings at $35.04, incurring a $2.55 million loss after receiving just 6.83 million USDC. Yesterday, a whale purchased 440,136 Melania Meme (MELANIA) tokens for 20,185 Solana, which is equivalent to $5.1 million, according to the on-chain platform Onchain Lens.  The purchase was made at a price of $11.60 per MELANIA. However, with the token’s value having experienced a sharp decline, the whale’s investment is now worth only $1.56 million, resulting in a floating loss of $3.53 million. Yesterday, a whale spent 20,185 $SOL worth $5.1M to buy 440,136 $MELANIA at $11.60.Currently, these $MELANIA are worth $1.56M with $MELANIA down ~75%, the whale is facing a floating loss of $3.53M.Address: 9WgB46v1hMbT51ZMut68RfMfLq3VnbHJhk9ngy57Zo5Z pic.twitter.com/5o06e5fgqk— Onchain Lens (@OnchainLens) January 21, 2025 Launched on Jan. 19, MELANIA is a meme coin tied to Melania Trump, the First Lady of the U.S. The token initially saw a sharp rise, reaching a high of $13.73. However, after a large-scale sell-off, its value has dropped over 58% in the past 24 hours, now trading at $3.72, marking a 73% decline from its peak. Despite the losses, some crypto traders within the community have claimed to have turned into overnight millionaires from the Trump family tokens. The launch of these tokens has sparked widespread criticism, with many accusing the President of a conflict of interest and using the tokens as a cash grab. Amid this, Ki Young Ju, CEO of CryptoQuant, has suggested that meme coins will remain a dominant trend in the crypto space through 2028, aligning with the duration of Trump’s presidency. Furthermore, the crypto community has also taken note that the President did not mention crypto when he swore in yesterday, leaving both the attendees and the crypto community confused.

[trendingnews19]

A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty ImagesBitcoin and other cryptocurrencies retreated from their Monday highs, as bullish investor sentiment surrounding cryptocurrencies cooled after President Donald Trump's inauguration."Official Trump," a token launched last week that represents the new U.S. leader, plunged as much as 26% in 24 hours, according to CoinGecko data. Meanwhile, a meme token released Sunday by first lady Melania Trump, roughly halved in price in a day.Bitcoin was trading at around $104,375, according to Coin Metrics. That was off the lows of the last 24 hours but down from the high of $109,350.72 hit before Trump was sworn in. The broader crypto market, as measured by the CoinDesk 20 index, hovered below the flat line.Crypto investors have hailed Trump's arrival to the White House as a positive moment for the industry. The president has promised to introduce policies supportive of cryptocurrencies, including an accommodating regulatory framework and a federal bitcoin hoard.While Trump is viewed as set to benefit crypto, his inauguration Monday lacked any concrete policy announcements regarding the sector. That appeared to be the primary factor taking the wind out of the crypto market's sails on Tuesday.Kenneth Lamont, a principal at Morningstar, warned investors not to jump into crypto trading without being properly informed about the risks involved."If Donald Trump delivers on his election promises, we could see cryptocurrency markets continue to surge. However, investors would do well to resist the siren call of fear of missing out, and sit on their hands," Lamont said in emailed comments Tuesday.Cryptocurrencies are known to be volatile. Bitcoin, the world's largest digital coin, has previously risen or fallen by thousands of dollars in a single day. Alternative coins, or "altcoins," like ether and XRP, have proven even more more prone to fluctuations."Fear of missing out is not an investment strategy. For many investors, the lure of easy wealth is strong," Lamont said, adding that retail investors "tend to be poor at market timing, buying and selling at the worst moments." atOptions = 'key' : '6c396458fda3ada2fbfcbb375349ce34', 'format' : 'iframe', 'height' : 60, 'width' : 468, 'params' : ;