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Did the US President Really Launch a Meme Coin 3 Days Before Taking Office?
A $70B frenzy, constitutional violations, executive orders, and a crypto-free inauguration speech mark the start of a presidency like no other.
Matt Curda
January 21, 2025
In partnership with
Hello Investors!
I wanted to write you next week, but there’s simply too much going on and I couldn’t let you sit on the sidelines.
Yes, the president of the United States really has his own meme coin. And his first lady likewise.
Good times, or just crazy times?
Let’s explore.
Top 3 Market Highlights
$TRUMP
Source: Get Trump Memes
A section of the US Constitution basically states that no president is allowed to use his office to enrich himself.
That is probably the reason why $TRUMP must have come before the inauguration, so it went live on Friday evening (CET Saturday morning).
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 gettrumpmemes.com — Have Fun!
— Donald J. Trump (@realDonaldTrump)
2:44 AM • Jan 18, 2025
People thought Trump’s X account was hacked and it is a hoax. How could he create and publicly announce a meme coin when he is about to take the office the next Monday?
He did not only that…
One day after, his team decided to launch another meme coin, this time of his wife, Melania Trump.
The Official Melania Meme is live!
You can buy $MELANIA now.
melaniameme.com
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
— MELANIA TRUMP (@MELANIATRUMP)
9:42 PM • Jan 19, 2025
Trump’s meme coin was briefly traded above $14.5 billion with a fully diluted valuation (FDV) above $70 billion US dollars. That ranks it in the top 10 cryptocurrencies, even above the most famous meme token, DOGE, which sits at $50 billion FDV.
My Thoughts
Trump already had NFTs, a DeFi project, and accumulated various crypto, including meme coins. But now he went a mile further to launch one of the worst crypto schemes there is - a celebrity meme coin.
As of writing, Trump is down 35.2% and Melania 58.4%… but the point here is different.
The US president not only profited while many retail investors got caught in the meme coin, but he now has an official public wallet that pretty much anyone in the world can just send money to.
That is also against the Constitution, which prevents federal officials from accepting gifts or payments without Congressional approval.
Now, every favor is “on sale,” as people can donate to Trump indirectly.
Who knows how long this will work and what the consequences will be, but it is a fine moment that will probably be taught in schools.
Since both meme coins are deployed on Solana, it pumped hard right after the news, retracing some of the gains in the following days.
The inauguration & First day in the office
Source: X
Before the inauguration event, Bitcoin briefly reached $108,000.
However, during the speech, Trump did not mention crypto at all. This surprised investors, causing the price to fall back to $101,000.
The speech mainly focused on immigration and inflation, highlighting both as America's core problems today. He also mentioned Mars exploration, DEI, that there are only two genders, the energy crisis, and the Green Deal.
The important part happened after the speech.
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