Two ‘Digital Coins’ that boosted Trump and Melania’s wealth by billions of dollars overnight

US First Lady Melania Trump has launched her own digital coin, following her husband’s inauguration as US President.

Two ‘Digital Coins’ that boosted Trump and Melania’s wealth by billions of dollars overnight. The announcement comes after President-elect Donald Trump launched his own crypto currency, Trump$. Trading has been on the rise since both of them launched their respective crypto currencies.

“The official Melania meme is live! You can now buy MELANIA$,” she said on social platform X on Sunday.

According to a website called Digital Coin Market Cap, Trump$ has a total market value of $12 billion, while Melania$ has a market value of $1.7 billion.

Trump has previously called crypto (Digital Coins) a “hoax” but became the first presidential candidate to accept digital assets as donations during the 2024 election campaign.

During the campaign, Trump also said he would create a strategic reserve of Bitcoin and appoint financial regulators who would take a more positive stance on digital assets (Digital Coins).

This has fueled expectations that the newly elected US president will roll back restrictions and strict regulations on the crypto industry.

Bitcoin has hit a record high since Trump’s presidential victory and is currently trading at around $107,000, according to crypto trading platform Coin base.

On Friday, artificial intelligence (AI) and crypto czar David Sachs hosted a ‘Crypto Ball’ in Washington, D.C.

Other crypto currencies, including Doge coin, promoted by Trump’s top presidential campaign supporter Elon Musk, have also seen rapid growth this year in Digital Coins.

Digital Coins' that boosted Trump

Under President Joe Biden, regulators have cracked down on crypto companies, citing concerns about fraud and money laundering.

US President-elect Donald Trump has launched his own crypto currency (Digital Coins), Trump$, and its market capitalization has quickly reached several billion dollars.

The launch of the meme coin, Trump$, comes as US President-elect Donald Trump is set to take office as the 47th President of the United States on Monday.

The crypto currency has been launched under the auspices of CIC Digital LLC, an affiliate of the Trump Organization.

The company has previously launched Trump-branded shoes and perfumes.

‘Meme coins’ are used for a viral internet trend in which they have virtually no value or worth and are considered highly volatile in terms of investment.

In other words, they are the center of attention only as long as they are trending. Two ‘Digital Coins’ that boosted Trump and Melania’s wealth by billions of dollars overnight

Image of Trump Coin on the website

It should also be remembered that market capitalization means what the total value of a company’s business is in market shares or how much has been invested in Digital Coins.

According to CoinMarketCap.com, the market capitalization of Trump$ has exceeded $10 billion in a single day and at the time of writing, the price of one coin is $59, with a peak price of $75.

In a message on his social media platform Truth Social, US President-elect Donald Trump promoted his Bitcoin, writing, “My new official Trump meme is here! It’s time to celebrate everything we stand for.”

According to the official Trump$ website, approximately 200 million digital tokens have been issued so far, and another 800 million coins will be issued over the next three years.

According to the website, “Trump memes are meant to celebrate a leader who never backs down, no matter how difficult the situation.”

On the other hand, Trump’s critics have linked the launch of the cryptocurrency (Digital Coins) to taking advantage of his presidency.

In this regard, it is being said in the reaction on social media that hype is used to increase the price of such digital currencies before they are sold, as a result of which investors have to suffer losses later.

Nick Tomino, a user who specializes in digital currencies, said in a social media post that ‘Trump’s 80% stake in this coin and the launch of Trump$ a few hours before he takes office is a well-thought-out game and many people will suffer losses from it.’

It should be noted that often the value of digital currencies is artificially increased and then they are sold at the highest level of the market, but later when the prices fall, investors’ money is lost. Thus, people’s trust in digital currencies is lost.

However, crypto currency (Digital Coins) investors are optimistic that the Trump administration will definitely promote this industry.

Regulators under President Biden have cracked down on crypto companies and sued exchanges over concerns about fraud and money laundering.

Trump has previously appeared hesitant about crypto currency, but last year at a bitcoin conference in Nashville, he vowed that the United States would emerge as the “crypto capital of the world” when he returns to office.

Last year, Donald Trump’s sons Eric and Donald Jr. also announced their own crypto (Digital Coins) company.

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