We are a long way from Operation Yellow Pieces… “Melania Trump follows in her husband’s footsteps on the crypto market”, reports Axios. While the president-elect has already “potentially earned tens of billions of dollars thanks to his new cryptocurrency”, launched Saturday January 18, “the future first lady launched Melania on Sunday evening”, its own cryptoasset.
On the eve of Donald Trump’s inauguration, this Monday, January 20, “the Trump family thus became cryptobillionaires this weekend, at the same time raising thorny questions about the boundaries between official functions and personal profits”, summarizes the American economic media. This race to put digital tokens online could be a way of protecting oneself from possible legal proceedings, as a president is not supposed to enrich himself during the exercise of his mandate.
“It is unclear exactly how many Melania tokens are currently on the market,” but for now, this new cryptocurrency “skyrockets, exceeding $5 on Dexscreener” [11 dollars au moment où cet article est écrit]a real-time dashboard of cryptocurrencies, for a market capitalization of 8.5 billion dollars (8.2 billion euros). At the same time, the Trump token fell by 36% “to the announcement that there is more than one crypto currency in the family”.
Cryptocurrencies to play?
These two cryptoassets belong to the family of meme coins, cryptocurrencies that are inspired by an Internet meme. The best known is Dogecoin – in the image of a dog, the shiba inu –, Elon Musk’s favorite. Trump and Melania digital tokens, according to the legal disclaimers published on their sites, “are not ‘not intended to be or to be the subject’ of an investment opportunity”, notice it BBC. THE meme coins are known to be highly speculative and even more volatile than bitcoin.
-Throughout his presidential campaign, Donald Trump displayed his new confidence in bitcoin. His re-election caused the leading crypto currency to skyrocket which has “reaches a new record, at around $107,000” (103,694 euros), explains the British public media, with the market banking on a reduction in regulation in the sector.
[…] Read more on International Mail
On the same subject:
Related News :