{"id":22950,"date":"2025-03-01T15:06:27","date_gmt":"2025-03-01T15:06:27","guid":{"rendered":"https:\/\/usdailys.com\/?p=22950"},"modified":"2025-03-01T15:06:27","modified_gmt":"2025-03-01T15:06:27","slug":"donald-trump-supporters-lose-12000000000-after-his-meme-coin-collapses","status":"publish","type":"post","link":"https:\/\/usdailys.com\/?p=22950","title":{"rendered":"Donald Trump supporters lose $12,000,000,000 after his meme coin collapses"},"content":{"rendered":"

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Did the\u00a0Haliey “Hawk Tuah Girl” Welch saga<\/a>\u00a0teach us nothing? Did Jimmy “MrBeast” Donaldson not tell us that\u00a0meme coins are ‘icky’<\/a>? The idea of celebrating\u00a0Donald Trump<\/a>‘s return to the Oval Office with a meme coin might’ve sounded like a patriotic way to usher in this new era of\u00a0cryptocurrency<\/a>\u00a0and\u00a0artificial intelligence<\/a>\u00a0advancements, and with\u00a0500 people reportedly becoming millionaires<\/a>\u00a0overnight, it looked like some were destined to become pretty rich.<\/p>\n

Not least of them was Trump himself, with the returning POTUS making\u00a0billions off the back of the meme coin<\/a>. 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\u00a0Melania Trump’s own $MELANIA coin<\/a>\u00a0wiping a ton of value off her husband’s.<\/p>\n

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\"Interest\"Interest<\/div>\n<\/div>\n

Interest in $TRUMP continues to slump (NurPhoto \/ Contributor \/ Getty)<\/cite><\/div>\n

The Commander in Chief and his wife have come under fire recently, with the current worth of\u00a0Melania’s coin being branded as ‘disgusting’<\/a>\u00a0just 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.<\/p>\n

Things aren\u2019t looking much better for $TRUMP, as it’s managed to wipe 80% off its value since its January 17 launch. As\u00a0reported<\/a>\u00a0by The Telegraph, $TRUMP has spectacularly dropped from its January 19 peak of $73.43.<\/p>\n

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.<\/p>\n

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\u00a0Bitcoin<\/a>\u00a0similarly hit an all-time high of $108,786 on January 20’s inauguration day, it’s slumped down to\u00a0just\u00a0<\/em>$79,844. This goes against the projections of some, who predicted Bitcoin could\u00a0soar past $200,000 per coin in 2025<\/a>.<\/p>\n

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’.<\/p>\n

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It’s not looking good for the Trump family meme coins (CoinGecko)<\/cite><\/div>\n

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\u00a0explained<\/a>\u00a0how he wants to enact legislation that would stop White House officials and their families from capitalizing on meme coins.<\/p>\n

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.”<\/p>\n

Liccardo added: “Let\u2019s make corruption criminal again. Our public offices belong to the public, not the officeholders, nor should they leverage their political authority for financial gain.<\/p>\n

“The Trumps\u2019 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.”<\/p>\n

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.<\/p>\n

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    Did the\u00a0Haliey “Hawk Tuah Girl” Welch saga\u00a0teach us nothing? Did Jimmy “MrBeast” Donaldson not tell us that\u00a0meme coins are ‘icky’? The idea of celebrating\u00a0Donald Trump‘s return to the … <\/p>\n","protected":false},"author":2,"featured_media":22951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/22950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22950"}],"version-history":[{"count":1,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/22950\/revisions"}],"predecessor-version":[{"id":22952,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/22950\/revisions\/22952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/media\/22951"}],"wp:attachment":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}