Trump’s Crypto Portfolio Is Down, So Why Is Melania’s Memecoin Up?
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Look, it got a little boost because of the Melania documentary/propaganda film (because that makes sense) but $MELANIA is still massively down just like all of the Trump family’s other virtual assets.
But it’s not just Trump, thank god, crypto has lost $1 trillion across the board over the past three months, hitting bitcoin, buttcoin, fartcoin and even the greatest virtual currency of all: the US dollar.
Eric and Don Jr’s bitcoin company tanked about 80%, now worth $1 billion down from $8.5 billion, Trump Media is down 33%, World Liberty Financial down 39%, you know what, just read this graph:
As you can see, Melania is for some reason the least hit by the plunge. Is that because she’s the most cool member of the Trump clan? Is it because she’s ever so slightly separate from the rest of them? Who tf knows. This isn’t science here, this is all just vibes.
$MELANIA is still down 98% since launch, so this isn’t exactly a win.
And sure, the Trump’s aren’t alone in this downturn, it’s the same story across the sector. What is exceptional is that no one else has quite put all their eggs into this highly volatile basket like the Trump’s have done.
And now that basket is on fire.
The Trumpz reportedly have about $3 billion in crypto and Trump Media & Technology Group in particular have about $1 billion in bitcoin alone. Or at least they did, I suppose that’s all worth a lot less now.
But crypto is volatile, that’s kind of the point, and who’s to say that this won’t all rally again? Either way, I think the Trumps are going to be just fine.
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