politics @lemmy.world · 2 days ago

Trump and Melania’s Scammy Meme Coins Have Lost Almost All Value

newrepublic.com

228

Trump and Melania’s Scammy Meme Coins Have Lost Almost All Value

newrepublic.com

spaghettiwestern@sh.itjust.works to

politics @lemmy.world · 2 days ago

The [Trump] meme coin’s value quickly rocketed to around $75. It dropped shortly thereafter but saw a bump in April when Trump announced “the most EXCLUSIVE INVITATION in the world”: for the top 220 investors in $TRUMP coin to enjoy a private dinner with the president at his Virginia golf club.

Since then, the Trump coin’s value has slumped again, to $9, having sunk 88 percent from its January high.

You may also recall—if you strain your memory further—that the first lady, Melania Trump, is in the meme coin business as well. Her $MELANIA coin has followed a similar trajectory to her husband’s coin, seeing a precipitous, 98 percent decline in value from its $8.50 peak in mid-January.

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MangioneDontMiss@lemmy.ca
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2 days ago
Anyone who bought that shit deserves to lose their money

politics @lemmy.world

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