Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.
The Official Melania Meme (MELANIA) memecoin is also making people millions in profit after reaching a $2 billion dollar market capitalization overnight.
The 30-page legal complaint alleges that Musk’s DOGE has violated the Federal Advisory Committee Act (FACA) 1972.
The launch of Donald Trump’s official memecoin on Solana has boosted the TVL and SOL price to new all-time highs and at the expense of rival Ethereum.
The Trump family’s tokens may set a precedent for memecoin investing and attract more retail interest in cryptocurrencies other than Bitcoin and Ether.
Bitcoin takes its cues from US President-elect Donald Trump’s inauguration, with new BTC price all-time highs joining a crypto volatility frenzy.
Despite mainstream appeal, the distribution of the Trump memecoins was flashing red flags for investors looking for long-term opportunities.
One crypto community member speculated that the Trump family may be “planning ahead,” while another said the move solves the Trump family’s “memecoin puzzle.”
The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000.