Just two days before his inauguration, Trump unveiled his meme coin, $TRUMP, on his Truth Social and X accounts. The token started trading at an opening price of $0.1824, but within 12 hours had jumped over 15,000%, trading at roughly $30. Its market cap stood at ~$30 billion at the time. The token has since risen as high as $72. A new meme coin was introduced for Melania.
While Trump controls the vast majority of the tokens, they remain locked which means the US president is unlikely to pull the rug out from under millions of buyers… at least for now.
Trump has pledged to reshape the US into the “crypto capital of the planet.” Paul Atkins, Trump’s pick to chair the Securities and Exchange Commission (SEC), is expected to spearhead these efforts. A known crypto advocate and former SEC commissioner, Atkins will replace Gary Gensler, who has been criticized for his crackdown on the industry.
A critic pondered, “Is he [Trump] really going to want to put the interests of the US dollar before his newfound crypto empire after raking in billions of dollars for his family on this grift? This is so corrupt it boggles my mind.”
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My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value – and potentially boosting his net worth – just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.
“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.
In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity.
That hasn’t stopped people from trying to make money. The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning. It fell sharply later Sunday after Trump and his wife, Melania Trump, posted about a meme coin for her. The Melania coin was trading for around $5 Sunday afternoon.
Meme coins are a strange and highly volatile corner of the crypto industry that often start as a joke with no real value but can surge in price if enough people are willing to buy them. Dogecoin, the cryptocurrency whose mascot is a super-cute dog that muses things like “much wow,” is perhaps the most well known. Meme coins can be used by scammers looking to make a quick fortune at the expense of unwary investors.
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Some crypto enthusiasts hailed the Trump meme coin’s release, saying it’s symbolic of the incoming president’s support for an industry that felt unfairly targeted by the Biden administration. Trump has promised to usher in crypto-friendly regulations and picked crypto cheerleaders for key government positions.
Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.
“Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks,” Anthony Scaramucci, a former Trump White House communications director, said on X.
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 revenue derived from trading activities,” according to the token’s website.
Black Lives Matter activist, James Edward Marshall, allegedly shot a disabled veteran in the head during an armed protest roadblock/ anti-police riot in 2020. Marshall agreed to a sweetheart plea deal with a corrupt Soros-linked District Attorney. Marshall has has been released from prison after serving only 3 years.
Two NYC owners of a pawn shop were arrested by the FBI in connection with a Chilean gang that allegedly robbed wealthy athletes and celebrities. NYC is the largest sanctuary city with 400,000 illegal aliens residing there. The Venezuelan Tren de Aragua gang is involved in underground gun dealing and other crimes.
Travis County District Attorney José Garza, backed by George Soros, blew the deadline to convene grand juries to indict suspected killers Juan Antonio Ramirez and Stephon Morson, who were released after posting very low bail.
DOGE reported that $4.7 trillion in payments made by the US Treasury omitted an accounting tracking code, the Treasury Access Symbol (TAS), that identifies specific budget items. Use of the TAS was optional. The payments are “almost impossible” to trace.
Soros has funded district attorneys (DA) candidates in Democrat counties where Republicans cannot get elected. Crime is exploding because Soros DAs refuse to prosecute. State legislatures can fix the problem, but the lawmakers fear the DAs will indict them. Non-prosecution invites cartels to commit crimes in the US.
The state will spend $9.5 billion on healthcare costs for illegal aliens in the current year as the state struggles to to recover from devastating wildfires that were exacerbated by state and local spending cuts. Damage estimates from the fires are as high as $150 billion.
Sir Evelyn de Rothschild, the former advisor to Queen Elizabeth from the influential banking family, has been accused of abusing sexual abuse and assault. Evelyn left his position in 2004, after a 44-year career in banking, following an investigation of a complaint in 2003.
Netanyahu is planning to attack Iran at its Fordow enrichment plant in the first half of 2025, and intends to drag the United States into a new war. The Trump administration has lifted restrictions on sending bunker busters to Israel and moved to provide Israel with another $8.4 billion in military aid.
Vance called out Europe for cracking down on free speech and thought crimes. He condemned the annulment of elections if voters go against the agenda, following the recent annulment of Romania’s election. He said that the most pressing matter is mass migration and that one in five people living in Germany is a migrant.
President Donald Trump signed an executive order prohibiting federal funds from going to K-12 schools and universities that require COVID-19 ‘vaccinations’. No states currently require COVID-19 injections for students at K-12 public schools. Only 15 private colleges still require COVID-19 vaccination shots.
RFK Jr said, “When my uncle was president, 3% of Americans were obese. Today, 74% of Americans are obese or overweight. Epidemics are not caused by genes. Something is poisoning the American people, and we know that the primary culprit’s our changing food supply.”
Janeen Deal reported that her daughter has been barred by Cincinnati Children’s Hospital from a spot on a heart transplant list because she’s not been vaccinated against COVID-19 and the flu. The hospital declined to make an exemption even when told it goes against the family’s religious beliefs
Lee Zeldin, the new head of the EPA, investigated the claims made by the EPA advisor and found that $20 billion in taxpayer funds was awarded to just eight entities that were then responsible for doling out the money to NGOs that included the Climate United Fund that received just under $7 billion.
Bondi took aim at New York’s so-called ‘Green Light Law’ that permits undocumented immigrants to get drivers licenses while blocking federal immigration agents from accessing the data. Hochul said that New York’s current laws allow federal immigration officials to access DMV records with a warrant.
“The train that’s being built between Los Angeles and San Francisco is the worst-managed project I think I’ve ever seen, and I’ve seen some of the worst,” Trump told reporters, asserting that the project is “billions and billions” of dollars over budget.
Florida Surgeon General Dr. Joseph A. Ladapo issued a statement urging elected officials to remove fluoride from their water. Robert F. Kennedy Jr, Secretary of Health and Human Services, has proposed removing fluoride from public water supplies. Trump said that “sounds okay” to him.
FEMA sent $59 million just last week to luxury hotels in New York City to house illegal aliens. According to Musk, sending this money to these high-end hotels violated the law as it directly interfered with President Trump’s executive order.
Governor Newsom blamed climate change for the fires and called for changing zoning and land use. California already has some of the most restrictive land use and zoning regulations in the nation. He said that California will be a model for the rest of the country.
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Offline is a documentary on the inevitability of the Earth being slammed by a mega solar flare – not the common type that interrupts communications and creates a light show in the Northern skies – but the big brothers thousands of times more powerful. These monsters deliver enough energy to blow apart the master transformers that supply the planet’s energy grids. When that happens, the lights go out for longer than anyone wants to think about. These X-Class solar storms hit the Earth every 150 years, on average. The last one arrived 156 years ago. We are overdue (More)
The US Treasury proposed that cryptocurrency exchanges should collect identity data on their own customers and those who transact with their customers. They would be able to see what products they buy, what political preferences they have, where they go, and how long they remain.
In the event Coinbase goes bankrupt, it says its users would be considered to be “general unsecured creditors” and might lose all the cryptocurrency in their accounts if it is stored in a wallet controlled by the exchange company.
Under martial law, the government may now seize the bank accounts of its critics. Going forward, Justin Trudeau will regulate all crowd funding and cryptocurrency under the Terrorist Financing Act. The Canadian government now considers donating to a civil rights movement a form of terrorism.
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Jeff
29 days ago
Like FRNs, $TRUMPs have no intrinsic value; and, like FRNs, the more that are issued, the less valuable they become. Remember the Billy Beer fad?
Crypto-currency is part of the CCP plan to destroy America, AND all white people. This is not a “white supremacy” statement, but based on a video from 2021 that I just saw where this Chinese man laid it all out. He spoke in Chinese and the subtitles were in English and Mandarin.
Give a link to the video. This isn’t JUST a CCP plan, although I believe certain members of the CCP stand to benefit from it as part of a broader plan to globalize.
To go global , China and Russia BOTH have to be on board. And of course US sovereignty and independence have to go.
So you should expect a lot of deal cutting is going to have to be taking place behind closed doors.
Ed
29 days ago
If we go CASH less, then are all the drug cartels screwed as they hold ROOMS full of greenbacks ?
Tom Ball
29 days ago
“Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.” Like , when has influence peddling ever been a concern in this country? It could also be a way to get the public used to the idea of being digital , especially the MAGA hats who believe that Trump is some kind of White Knight riding high on principle , fighting for “Truth ,Justice , and the American Way”. Selling Bibles? Who actually reads them? Some how this doesn’t seem like an act of true… Read more »
Clifford Reid
17 days ago
We need to back the bill introduced by Senator Mike Lee of Utah, and Thomas Massie of Kentucky to abolish the Federal Reserve. Then we need our Constitutional money back… gold and silver coin. A dollar is defined by law as 371.75 grains of fine silver. Gold is in relation to silver. Bring back Constitutional money and eliminate inflation by 100%.
Like FRNs, $TRUMPs have no intrinsic value; and, like FRNs, the more that are issued, the less valuable they become. Remember the Billy Beer fad?
Forgot about that one. Bottoms up ! ! !
Crypto-currency is part of the CCP plan to destroy America, AND all white people. This is not a “white supremacy” statement, but based on a video from 2021 that I just saw where this Chinese man laid it all out. He spoke in Chinese and the subtitles were in English and Mandarin.
This would NOT surprise me at all.
Give a link to the video. This isn’t JUST a CCP plan, although I believe certain members of the CCP stand to benefit from it as part of a broader plan to globalize.
To go global , China and Russia BOTH have to be on board. And of course US sovereignty and independence have to go.
So you should expect a lot of deal cutting is going to have to be taking place behind closed doors.
If we go CASH less, then are all the drug cartels screwed as they hold ROOMS full of greenbacks ?
“Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.” Like , when has influence peddling ever been a concern in this country? It could also be a way to get the public used to the idea of being digital , especially the MAGA hats who believe that Trump is some kind of White Knight riding high on principle , fighting for “Truth ,Justice , and the American Way”. Selling Bibles? Who actually reads them? Some how this doesn’t seem like an act of true… Read more »
We need to back the bill introduced by Senator Mike Lee of Utah, and Thomas Massie of Kentucky to abolish the Federal Reserve. Then we need our Constitutional money back… gold and silver coin. A dollar is defined by law as 371.75 grains of fine silver. Gold is in relation to silver. Bring back Constitutional money and eliminate inflation by 100%.