Brief by Shorts91 Newsdesk / 03:42pm on 21 Jan 2025,Tuesday International
Donald Trump and Melania Trump launched competing meme coins, $Trump and $Melania, disrupting the crypto market. The $Trump coin, valued at $75 initially, plunged 50% to $30 after $Melania’s launch but later recovered to $64. Melania’s coin reached a $13 billion market cap within hours. Experts criticized the potential conflicts of interest, with Trump poised to deregulate the crypto sector as President. Norman Eisen labeled it “the most profound conflict of interest” in U.S. presidential history. Bitcoin surged to $109,241 amidst the frenzy, while critics highlighted ethical concerns over profiting from political office.
