The official Trump Meet coin reached the highest ever $ 75.35 in history, three days before the second term of the US President Donald Trump, shortly after the start of January 19, 2025 and January 17, 2025. 。 Since then, the value of coins has fallen from the cliff.
As of February 1, Trump is trading for about $ 19.38. This is almost 74 % of the peak.
The market capitalization of coins is still quite diluted, as the evaluation of about $ 2 billion is still completely diluted (80 % of the tokens are retained by Trump organizations).
Anthony Skalamucci, the founder of the Sky Bridge Capital -Critics, who turned into a Trump allies, calling on the president what he is claiming.
“President Trump posted Trump Memocoin last night in a truth social (yes, that's a true sentence that many people normalize).” Posted X Saturday. “The result is the acceleration of the” dump “, which has now decreased by 70 % from the peak. The jig is up. “
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Trump owns social through his company, Trump Media & Technology Group, and frequently attacks items with his personal accounts (that is, impossible tokens or NFT).
In September, Trump supported the promotion of World Liberty Financial, a distributed financial platform for investors to borrow and lend a cryptocurrency. He and his son are not considered the owner of the company, but they have an agreement to be paid to advertise it, New York Times。
The official Trump Memes is just an attempt to make the latest money (the Bible and sneakers of the Magbrand have been promoted).
Scalamucci, the hedge fund first digs into the cipher in 2020 Pose X's question to more than 1 million followers: “Can anyone explain me on Crypto X?
Scalamucci, who started his career at Goldman Sachs, is now the only Wall Street that scrutinizes the meshed cryptocurrency and the trump White House world (Melania also has an official Memcoin).
According to Financial TimesThe Hedge Fund -based hedge fund -based Elliott management memo suggests that the warm hugs of Trump's digital coins are “promoting speculative frenzy that can cause turmoil.
Ironic? Paul Singer, the founder of Elliott, is familiar with Trump World. Despite his many years of encryption critic, he donated $ 56 million to conservatives in 2024.
Since Trump's election, Bitcoin has been shot for over $ 100,000 and has been supported by the vow to make the United States a superpower of bitcoin around the world. No one missed the opportunity, but Trump did not waste the time to sign the presidential order to promote the national crypto.
Elliott's memo, on the other hand, is wondering why the United States encourages the dollar's alternative while other countries are in a hurry to abandon it.
