The president’s promotion of a speculative digital coin left some crypto investors feeling blindsided, while others saw it as a gimmick that undermined the industry’s credibility.
Shares in TMTG, trading under the DJT ticker symbol on the Nasdaq, are down more than 21 percent over the past five trading sessions.
Donald Trump’s newly launched cryptocurrency surged on Monday to nearly $11 billion in market value as billions poured into trading just hours before the president-elect takes the oath of office.
Space X and Tesla CEO Elon Musk, who Trump has appointed as co-lead in the newly created Department of Government Efficiency (DOGE), stands as the richest person in the world with a fortune of $433.9 billion, per Forbes.
Eric Trump proposed a 0% tax rate for US-based cryptocurrency projects to boost blockchain innovation, while foreign crypto companies face higher taxes. Critics warn of potential market imbalances and government revenue loss.
President Donald Trump and first lady Melania Trump released meme coins just days before he took the oath of office. A splashy pre-inaugural party was held at a property his company owns. And a Saudi-backed golf tournament is headed to a Trump club this spring.
Trump launched the digital token with branding including an image from an assassination attempt on him in July.
The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch,
Members of President Donald Trump’s family have ties to businesses in sectors ranging from cryptocurrency and real estate to beverages and apparel lines.
President-elect Donald Trump launched his cryptocurrency a mere four days before his second inauguration. A constitutional crisis in making?
The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.