Three days before Donald Trump took office, a new cryptocurrency called Trump token was launched, quickly followed by Melania token. The crypto community was concerned about the legitimacy of the industry with this meme coin craze. Meme coins like Dogecoin had their moment in the spotlight, trading on popularity rather than fundamentals. In 2024, major asset managers launched ETFs tied to Bitcoin, bringing legitimacy to the industry. As Trump’s presidency continued, he made promises related to crypto and AI, causing speculation. The launch of Trump token raised ethical concerns and questions about the influence of a presidential meme coin. The ownership structure of the tokens raised suspicions about potential profit for insiders. The video ends with speculation about the impact of meme coins and Trump coin in the era of Trump’s presidency and the ethical concerns raised by a presidential meme token. The issuers of Trump and Melania tokens and the White House were reached out to for comment but have not responded yet.
