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Block Newsroom
Trump, Melania Launch Meme Coins. How Many Billions They're Worth as Cryptos Soar.
The cryptocurrency world welcomes the Trump couple! As soon as the "First Lady" token was launched, the value of the Trump coin plummeted by 30%.
① Trump launched the Trump emoji token last Friday, reaching a Market Cap of 15 billion dollars within 48 hours; ② Last Sunday, Trump's wife Melania also issued Melania coins, triggering a massive sell-off of Trump coins; ③ Although Trump coins and Melania coins are defined as non-investment opportunities or securities, the market is concerned that the tokens of this couple may take away the Trade enthusiasm from Other tokens in the crypto market.
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Trump is reportedly going to prioritize Cryptos as a national issue, which could mark a historic year for the crypto community.
According to media reports citing informed sources, the elected president of the USA, Trump, is planning to issue an executive order next Monday after taking office that will prioritize Cryptos as a national issue and give insiders in the Industry a voice in his government. Boosted by this news, the price of Bitcoin surged significantly during the Asian trading session on Friday, recovering to the 0.1 million dollar threshold, trading recently around 0.1016 million dollars.
Bitcoin Rises Comfortably Above $100,000 Ahead of Trump Inauguration -- Market Talk
Trump is brewing an executive order on Cryptos: designated as a national priority, suspending litigation, and establishing a national reserve.
The USA's Cryptos policy is set for a significant shift, as Trump plans to issue an executive order to elevate Cryptos as a policy priority and give insiders in the Industry a voice in his administration. This executive order may be released as early as Monday.
With Trump's inauguration imminent, the cryptocurrency market is entering a new phase. Can Bitcoin reach new heights again?
With the power transfer to Trump imminent, the intense fluctuations indicate that the market has quietly begun to price in the opportunities and risks that will arise after his inauguration.
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