Trump earned more than $324 million on his memecoin
21 May 10:27
US President Donald Trump and his associates have earned $324.5 million in trading commissions since the launch of the Trump token in January. This is reported by Newsmax, "Komersant Ukrainian" informs
According to the TV channel, the value of the cryptocurrency rose after it became known that the two hundred largest token holders would be invited to lunch with Trump on May 22 in Washington. The next day, the guests will be invited to a VIP tour of the White House.
It is specified that the cryptocurrency is currently trading at $14.49, although after the politician’s inauguration on January 22, it cost $44.28.
As a reminder, on January 18, the politician launched a cryptocurrency – Trump’s memcoin ($TRUMP). Its initial price was $10, and the maximum price was over $75.
on January 19, US First Lady Melania Trump launched her own memecoin, $MELANIA, and its price soared by 21% to $6 per coin in 24 hours.
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Trump and cryptocurrencies
Bitcoin hit a record high of $107,071.86 on January 20, when Trump was sworn in as the 47th president of the United States, and has risen 40% since the election in early November on hopes of cryptocurrency-friendly regulation from the Trump administration.
Donald Trump, who has previously called cryptocurrencies a scam, supported digital assets during his campaign, promising to make the United States the “cryptocurrency capital of the planet.” This change in his position can be attributed, in no small part, to the injections into his campaigns from the cryptocurrency markets.
A few days after taking office, Trump ordered the creation of a cryptocurrency working group to develop new regulation of digital assets and explore the possibility of creating a national cryptocurrency reserve.
A few days before his inauguration , Trump launched his own cryptocurrency, $TRUMP.
However, almost all of the crypto owners’ wealth gained thanks to Trump disappeared due to his own trade war policy, which caused a crisis in global markets.
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