This Analyst Thinks So In recent months, Trump and his family have made strides across various sectors of the cryptocurrency industry, including non-fungible tokens (NFTs), a decentralized finance project, a proposed stablecoin, and a new Bitcoin mining company called American Bitcoin. The first lady, Melania Trump, has also launched her own memecoin, MELANIA, contributing to the family’s growing portfolio, which is now approaching $1 billion in paper gains.Currently trading at $7.83, the memecoin is down 30% on a monthly basis and over 15% in the past two weeks, despite its recent slight rebound in line with the broader market trend.
Boosting Family’s Crypto Portfolio To Nearly $1 Billion While an immediate price drop is possible, recent trends indicate that the Trump memecoin’s value has actually increased by nearly 3% over the past week, in line with broader trends in the cryptocurrency market. Edward Chin, co-founder of Parataxis, remarked, "If they are working with proper market makers, the unlocks may be less important in the short-term.
This week, an additional 40 million coins tied to groups affiliated with the President will be released, bringing the total number of outstanding tokens to 1 billion within three years. The initial launch saw the token’s market value skyrocket to approximately $14 billion just two days after its release, only to face a dramatic decline, losing nearly 90% of its value, according to CoinGecko data.
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