Bitcoin hits a new all-time high, $Trump is stymied by $Melania, and I'm over here having a full-blown existential crisis
What year is it? Because I was reliably informed this was 2025, but it appears I should be expecting a new lockdown at any moment. Bitcoin has surged to its highest all-time price, Donald Trump is about to step into the White House once more, and meme coins are battling it out for market share—except this time, the chief proponents are none other than the incoming president and first lady.
US president-elect (quite possibly actual president by the time you read this story) Donald Trump launched $Trump over the weekend, a meme coin co-ordinated by CIC Digital LLC, a Trump-affiliated organisation that has previously played a part in handling hot-ticket consumer items like Trump-branded shoes and NFTs.
The price of $Trump rocketed to nearly $15 billion in overall market cap, before nosediving off a cliff down to almost eight billion dollars by Sunday evening, and now appears to have evened out to between nine and eleven billion dollars total value overall.
That has also probably changed by the time you read this. Crypto is volatile, you say? No one's more surprised than me.
However, a contributing factor to $Trump coin's recent stumbles seems to have been the launch of $Melania, a meme coin released by first lady to-be Melania Trump on Sunday, the day before Trump's inauguration. Speculation suggests that investors dropped off the Trump-train in favour of hedging their bets with his wife instead, causing a dip in uptake of the gold-toilet-enthusiast's crypto token.
BREAKING: Donald Trump’s memecoin, $TRUMP, crashes over -40% as Melania Trump launches her own memecoin.This is beyond insane. pic.twitter.com/6Oj2GGqjqFJanuary 19, 2025
Meanwhile, bitcoin has hit an all-time high of $109,000 per token, thanks to a so-called «god candle» that sent the previously-beleaguered coin soaring to new heights. What with the new president now seemingly a fan of the crypto market (after previously labelling bitcoin a «scam» and expressing distrust of cryptocurrency as a whole), it
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