Donald Trump Launches Meme Coins Amidst Inauguration Controversy
President Trump's inauguration sees the launch of meme coins, $TRUMP and $MELANIA, raising ethical concerns and sparking market volatility.
Trump’s Crypto Meme Coin Is His Most Lucrative Get-Rich Scheme Yet
New York Magazine
President Trump is a crypto billionaire thanks to his latest meme coin
Straight Arrow News
Overview
As Donald Trump was inaugurated for a second term, he launched meme coins $TRUMP and $MELANIA, with values skyrocketing before experiencing significant drops. The coins, intended as expressions of support rather than investments, sparked concerns among analysts about conflicts of interest and regulatory implications. While $TRUMP reached a market cap of over $10 billion, the subsequent releases and market reactions have raised ethical questions within the crypto community.
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