We’ve lastly come to the momentous, historic day of the inauguration of Donald J. Trump as forty seventh US President.
With every little thing that Trump and his die-hard supporters have endured for the final 4 years, sure points of today seem to be a dream come true.
And different related occasions simply strike us as improbable, such because the arrival and surge in recognition of $TRUMP, the ‘meme-coin’ celebrating his return to the presidency.
The launch of $TRUMP on January seventeenth has made the incoming president a ‘paper fortune’ that propels him to the heights of fortune, as one of many world’s richest males, proper on the eve of his inauguration.
The Telegraph reported:
“Mr. Trump is sitting on a stack of digital tokens theoretically value $43bn after buyers and supporters piled in to the launch of his $Trump coin on Friday.”
The token soared in worth proper after its launch and is now one of many world’s most precious cryptocurrencies.
“The 200m in circulation are value a mixed $10.7bn (£8.6bn), however the coin’s web site mentioned that 1bn tokens shall be launched in complete over the subsequent three years. The remaining 800m are nonetheless held by CIC Digital, which describes itself as an affiliate of the Trump Group, and Struggle Struggle Struggle LLC, a subsidiary.”
As I write this publish, the $TRUMP coin is buying and selling at roughly $55.31 USD, with the holdings value roughly $44.22 billion.
It’s not identified how a lot President Trump will personally acquire – however mixed along with his present $7.2bn fortune he could be value round $51.4bn.
“Securing that wealth seems unlikely. Meme cash are infamous for unstable value actions and merchants searching for to journey their momentum to make fast income by quickly shopping for and promoting the tokens.
The Trump coin itself quickly fell from a excessive of $75.35 on Sunday to round half that a number of hours later, earlier than recovering on Monday morning.”
First Woman Melania launched her personal meme coin on Sunday (19), and it has additionally shot up in worth. The 192m Melania cash in circulation have a price of $2.2bn.
“The value of Bitcoin additionally hit an all-time excessive on Monday, rising above $109,000. Mr. Trump has described himself because the ‘crypto president’ and was closely backed by the trade through the election.”
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