Tag: Trump’s crypto

Trump’s Brands Prove Toxic

Buck Banks

-75%

“Stocks and cryptocurrencies linked to President Trump are in a deep slump, leaving some of the president’s biggest fans with steep losses,” the Wall Street Journal reports. “Shares of Trump Media & Technology Group, which operates the president’s Truth Social platform, have tumbled 75% since Trump’s inauguration. Digital “meme coins” named for Trump and first lady Melania Trump are down 86% and 99% since inauguration day, respectively. And one of the Trump family’s crypto ventures, a token called World Liberty Financial, has dropped roughly 40% since its September launch.”

$TRUMP Coin Makes $25B Overnight

Buck Banks

$25 billion

“President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies,” Axios reports. “The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration. It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.”

This Guy Should Get a Pardon and a Cabinet Post

Buck Banks

$30 million

“Chinese cryptocurrency entrepreneur Justin Sun invested $30 million in President-elect Donald Trump’s crypto project three weeks after the election, helping Trump make a potentially hefty profit,” the Washington Post reports. “Sun, who recently made headlines for buying, then eating, a $6 million banana art piece, is under investigation by the Securities and Exchange Commission on charges of fraud, market manipulation and other alleged violations.”