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The launch of meme coins from Donald Trump and his wife Melania triggered a record-breaking crypto rally that has seen the market surge by more than half a trillion dollars over the last week ...
The Melania meme coin, like the Trump coin, is issued on the Solana blockchain platform. About 450,000 buyers currently hold the Melania coin, according to the SolScan tracker , which tracks the ...
Trump's coin represented a blending of the world of digital assets into the political arena, but it also "blurs the lines between governance, profit and influence," D'Anethan said.
The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [ 3 ]
It’s rooted in internet memes, the viral images with funny text appended—like “distracted boyfriend,” the photo of a man gazing at an alluring woman while his girlfriend glares at him, or ...
The sale of Trump meme coin was organized by CIC Digital, an affiliate of the Trump Organization. The coin’s website said 200 million Trump meme coins are currently available, with plans to issue 1 billion over the next three years. CIC Digital and another company collectively own 80% of the Trump meme coins and will receive “trading ...
Trump’s meme coin shot up after its launch Friday, from about $6.50 to $75 on Sunday, according to data from Coingecko. Then it tumbled, losing more than half its value on Monday as Trump ...
The launch of the coins came just ahead of Trump’s inauguration on Monday and follows a broader rise in crypto prices throughout 2024 and early 2025.