Did the Haliey “Hawk Tuah Girl” Welch saga teach us nothing? Did Jimmy “MrBeast” Donaldson not tell us that meme coins are ‘icky’? The idea of celebrating Donald Trump‘s return to the Oval Office with a meme coin might’ve sounded like a patriotic way to usher in this new era of cryptocurrency and artificial intelligence advancements, and with 500 people reportedly becoming millionaires overnight, it looked like some were destined to become pretty rich.
Not least of them was Trump himself, with the returning POTUS making billions off the back of the meme coin. As we’ve already warned, meme coins can be volatile and have been compared to ‘gambling’ by some, which was shown by the launch of Melania Trump’s own $MELANIA coin wiping a ton of value off her husband’s.
Interest in $TRUMP continues to slump (NurPhoto / Contributor / Getty)
The Commander in Chief and his wife have come under fire recently, with the current worth of Melania’s coin being branded as ‘disgusting’ just over a month after it was first launched. To put it into context, those who invested $10,000 in Melania’s coin during its inauguration peak of $13.73 find the total would now be worth just $652.44.
Things aren’t looking much better for $TRUMP, as it’s managed to wipe 80% off its value since its January 17 launch. As reported by The Telegraph, $TRUMP has spectacularly dropped from its January 19 peak of $73.43.
Having plummeted from $15 billion to $2.7 billion on February 27, it currently sits at a measly $11.27 at the time of writing and has lost over $12 billion. The site also claims that the value of the coins owned by Trump himself has been slashed by a jaw-dropping $50 billion.
It’s bad news across the board for crypto, with the dramatic drop of interest in $TRUMP and $MELANIA being part of a wider fallout. After Bitcoin similarly hit an all-time high of $108,786 on January 20’s inauguration day, it’s slumped down to just $79,844. This goes against the projections of some, who predicted Bitcoin could soar past $200,000 per coin in 2025.
Things aren’t looking great for Trump vowing to be the world’s first ‘crypto president’ or the appointment of venture capitalist David Sacks as the White House’s very own ‘Crypto Tsar’.
It’s not looking good for the Trump family meme coins (CoinGecko)
These crypto concerns come as California freshman Democrat Rep. Sam Liccardo puts the President’s meme coin monopoly in his crosshairs. Speaking to ABC News, Liccardo explained how he wants to enact legislation that would stop White House officials and their families from capitalizing on meme coins.
The Modern Emoluments and Malfeasance Enforcement (MEME) Act would prevent everyone from the President to members of Congress (as well as their families) from “sponsoring or endorsing a security, future, commodity or digital asset.”
Liccardo added: “Let’s make corruption criminal again. Our public offices belong to the public, not the officeholders, nor should they leverage their political authority for financial gain.
“The Trumps’ issuance of meme coins financially exploits the public for personal gain, and raises the specter of insider trading and foreign influence over the Executive Branch.”
If things continue the way they are, Liccardo might not have much to worry about, as the interest in the Trump dynasty meme coins looks like it’s continuing to dwindle.
Featured Image Credit: NurPhoto / Contributor / Getty
Donald Trump meme coin price sees huge drop after wife Melania launches rival token
It comes as Bitcoin reaches a record high
It’s the war of the Republicans, and as First Lady Melania Trump launches her own cryptocurrency, it’s had an unexpected effect on her husband’s meme coin.
Donald Trump is about to step back into the Oval Office for his second term, meaning all eyes are on Washington ahead of his January 20 inauguration.
Kicking off the celebrations early, Melania Trump is making the most of the crypto boom by launching her own meme coin – let’s just hope it goes better for her than it did for Haliey “Hawk Tuah Girl” Welch.
There’s been a recent rally for Trump’s $Trump, with its price tripling to over $70 and its total value reaching over $14 billion. Then, when his wife’s $Melania coin launched, things started to dip.
Donald and Melania Trump both have rival meme coin launches (SOPA Images / Contributor / Getty)
Posting on social media, the returning POTUS wrote: “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW.”
According to the $Trump coin website, the Trump-affiliated CIC Digital LLC will own 80% of its supply.
As reported by The Guardian, $Trump broke into the top 20 cryptocurrencies and caused a ‘digital stampede’ that made all other coins fall in value while traders dashed to sell their existing crypto and invest big in Trump’s.
The same happened with the launch of $Melania, with some even selling their new investments in $Trump to get on the Melania train. She posted the following on X, which was then reshared by her husband: “The Official Melania Meme is live! You can buy $MELANIA now.”
The price of $Trump plummeted from $75 to $30 shortly after $Melania’s launch, then climbed back up to around $64. In just a matter of hours, $Melania has reached a worth as high as $13 billion.
Analysts at The Kobeissi Letter wrote: “This is beyond insane. Less than 48 hours ago, Donald Trump launched $trump which just erased $7.5bn in market cap in 10 minutes. In the minutes around the launch of Melania Trump’s token, we saw massive sell orders in $trump.”
This could be a sign of things to come, with Bitcoin hitting a record high of $108,943 on the morning of January 20. It’s no coincidence that this is the same day Trump is going to be inaugurated, especially as he was the first President of the United States to order a burger with Bitcoin.
Looking at the bigger picture, Bitcoin has continued to climb since Trump trounced Kamala Harris in the November 2024 election.
Still, there are concerns about potential Presidential conflicts of interest. Trump memorably released crypto trading cards during his campaign and made more than $4 million from each release, His sons, Eric Trump and Donald Trump Jr also launched their World Liberty Financial crypto venture, while the $Trump coin site has a disclaimer that says: “Trump memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$Trump’ and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.
“GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency.”
Featured Image Credit: Anna Moneymaker / Staff / CFOTO / Contributor / Getty
Experts warn Bitcoin is experiencing ‘heliocentric reckoning’ after historic high is followed by major crash
The crypto has hit its lowest level in months
Experts are warning people that Bitcoin is experiencing a ‘heliocentric reckoning’ after its historic high is followed by a major crash.
The cryptocurrency has fallen to its lowest point since November 2024, with its plummet having wiped almost half a trillion dollars from the market.
In January, Bitcoin hit a new record high of $108,000 but is now on a steep decline, currently sitting at $89,000.
Bitcoin shares have suffered a steep decline (Namthip Muanthongthae/Getty Images)
While the initial spike in the share value appeared to coincide with President Donald Trump’s election victory, the decline also seems to be related to the time he’s spent in the White House so far.
According to one expert, the latest fall for Bitcoin is due to Trump having not yet fulfilled any of his major promises after a month in office.
Speaking to The Independent, Petr Kozyakov, who is the co-founder and chief executive of the crypto payment infrastructure platform Mercuryo, said: “While the new Trump administration in the US has been vocal in its pro-crypto stance, the industry is still waiting for this to manifest in a tangible way in the form of measures such as a mooted Bitcoin Strategic Reserve.”
Kozyakov went on to say: “The cryptocurrency market is having a heliocentric reckoning as bitcoin slides below $89,000 amid a faltering US stock market.
“Rather than being at the centre of the financial universe, bitcoin’s place remains far out on the periphery as an ultra risk-on asset to be readily sold at the very hint of troubles ahead.”
In other crypto news, Bybit, which is a crypto exchange firm, fell victim to the largest digital heist in history after reporting over a billion dollars had gone missing.
The cryptocurrency hit a record high just last month (Anna Barclay/Getty Images)
Last Friday (February 21), a transfer of the cryptocurrency Ethereum was ‘manipulated’ by hackers who were able to transfer the huge sum to an unidentified address, according to Bybit.
The company went on to say that the incident led to a spike in withdrawal requests.
Bybit has said that its ‘swift and transparent crisis management ensured that the crypto market remained stable, with no significant price volatility’.
In a statement, the firm continued: “Despite the significant scale of the hack, Bybit’s 1:1 reserve guarantee ensured that client assets remained fully intact.
“Bybit CEO Ben Zhou reassured users that Bybit is solvent and can cover the loss, emphasizing that all client assets are backed on a one-to-one basis. This guarantee demonstrates Bybit’s financial stability and commitment to user security.”
Featured Image Credit: Namthip Muanthongthae/Getty Images
Experts say Bitcoin is set for unprecedented mainstream growth this year as they predict historic highs
After a record-breaking 2024, the only way is up
There’s a potential Bitcoin boom on the way in 2025, with cryptocurrency experts pointing toward new historic highs for the digital currency. While President Donald Trump was once dismissive of Bitcoin, he threw himself behind the digital asset community when he bought a burger using it in September 2024.
In the aftermath of his return to the White House, the whole crypto industry has largely continued to soar, with Bitcoin being a big winner. President Trump and his wife Melania have even released their own meme coins, with the POTUS being nonchalant about the fact it’s added billions to his fortune.
Despite some thinking Bitcoin will hit a supposed ‘red line’ in 2025, and that its best years could be behind us, others are rallying behind its upward trajectory.
As reported by Bitcoin.com, experts are optimistic about what the rest of 2025 has in store. Hunter Horsley, CEO of Bitwise Asset Management, took to social media on February 16 and wrote: “People are wildly underestimating the massive leaps bitcoin is going to take into the mainstream this year. Never been more optimistic.”
It comes amid suggestions that Bitcoin will be adopted by the mainstream thanks to institutional investors, regulatory clarity, and it being more accessible. All of this comes alongside Donald Trump’s “Strengthening American Leadership In Digital Financial Technology” executive order.
Bitwise Chief Investment Officer Matt Hougan says the crypto market is an underrated opportunity for investors, adding: “Institutional sentiment towards crypto is the most bullish I’ve ever seen.”
As for it being a risk-adjusted perspective, he said, “It is arguably the best time in history to invest in crypto.”
Bitcoin.com points to a ‘bullish’ price forecast from Ark Investment Management. Although there are three potential scenarios, Ark Invest highlights a conservative Bitcoin price of $300,000 by 2030. There’s also the base case of $710,000 and an optimistic valuation of $1.5 million per coin.
Bitcoin could soar under President Trump (NurPhoto / Contributor / Getty)
This somewhat lines up with the musings of Geoff Kendrick, head of crypto research at Standard Chartered Bank. Kendrick estimated that Bitcoin could hit $500,000 by the time Trump leaves office in 2029.
Still, we’re being bombarded from all sides by conflicting reports. Nobel Laurette Eugene Fama claimed Bitcoin will soon be ‘worthless’, as the ‘Father of Modern Finance’ warned that cryptocurrency doesn’t have real value and won’t be able to find a place in normalized banking systems.
Even though there’s been a recent Bitcoin slump over the past month, a look at its trajectory over the past six months still puts it up by 65.24% at the time of writing. While Bitcoin’s current $75,853.80 on February 18 might be a way off its all-time high of $108,077 on December 17, 2024, it’s easy to imagine it climbing back up there before too long.
Featured Image Credit: SOPA Images / Contributor / Getty
People brand Melania Trump’s meme coin ‘disgusting’ after realizing how much it’s worth after a month
The Presidential crypto rush has seemingly run dry
Despite major boons shortly after its release, US First Lady Melania Trump’s inauguration ‘meme coin’ has been branded as ‘disgusting’ as it drops significantly in the months following its launch.
Much was said about the launch of an official cryptocurrency from the President in celebration of the inauguration, as Trump has made it clear that he’s prioritizing the deregulated economy as a key part of his second administration.
His victory saw major gains across the board, allowing Bitcoin to soar past the $100,000 milestone for the first time in its history, and the creation of a working cryptocurrency group lines up with predictions of a national reserve.
Trump’s own coin saw 500 people become millionaires overnight, as it was reported that over 80% of his own net worth was, at least at the start, invested in the crypto coin – but it was quickly usurped by a close rival.
It was the president’s own wife Melania that quickly dethroned him at the top of the crypto rankings following the inauguration, reaching a peak price of $13.73.
Melania Trump’s meme coin was a quick winner for keen investors, but it quickly tanked in value (Greg Nash-Pool/Getty Images)
Unsurprisingly though this quickly tanked following the inauguration’s conclusion, dropping to $3.44 in just a day and causing many to lose what they invested.
This pain is far from over though, as ‘Official Melania Meme’ has continued to drop and drop to the point where it’s now reached an all-time low, with some crypto enthusiasts branding the coin ‘disgusting’.
Working through CoinStats‘ Crypto Profit Calculator, if you purchased $10,000 of Melania’s coin at it’s inauguration day peak ($13.73) and went to sell it now, you’d have to register a $9,347.56 or 93.48% loss, as that same amount is now worth just $652.44.
This obviously scales far worse with the more that you invest, so if one of the millionaires that made their fortune from Trump’s coin decided to pump it all into Melania’s alternative in a wild double or nothing, they’d have lost a staggering $934,756.01 – ouch.
“Absolutely disgusting,” remarks one X user in response to similar loss stats, with a reply outlining that “the Donald Trump coin is not much better. People lost a lot of money.”
One commenter points out the difficulty of crypto trading, arguing “if you sold it a few hours later it would have been the other way around,” and that’s certainly an attractive prospect.
Official Melania Meme did indeed open at around $8.48, as per CoinMarketCap, so if you put in the same small $10,000 and sold at its peak, you would have walked away with $16,161.
This was likely an impossible scenario for most traders though, as it took just a couple of hours for the price to peak and drop all the way down again. As one user adeptly puts it: “The insiders made money. His average supports lost big.”