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In January, President Donald Trump introduced his cryptocurrency just before his inauguration, the TRUMP coin, built on the Solana blockchain.

Initially priced at around $3 per token, TRUMP experienced a meteoric rise, surpassing $70 in just a few days and achieving a peak market capitalization of approximately $14 billion. Most of the coin's supply — 80% — is controlled by Trump-associated entities, CIC Digital LLC and Fight Fight Fight LLC, with plans for a phased release over three years.

Shortly after TRUMP's debut, Melania Trump launched her cryptocurrency, $MELANIA. This token also gained rapid popularity, quickly reaching a market cap of $2 billion. The introduction of $MELANIA triggered temporary volatility in $TRUMP's price, which dropped from $75 to $30 before stabilizing in the $55–$64 range.

The meteoric rise of these tokens has brought the Trumps' influence into a new frontier—digital finance. However, these ventures have sparked a wave of ethical concerns.

Critics point out the potential for conflicts of interest, especially with Donald Trump set to take office as President of the United States. His administration's anticipated deregulation of the cryptocurrency market adds further complexity, raising questions about whether this could create opportunities for special interests or foreign entities to exert influence through investments in Trump-linked cryptocurrencies.

Additionally, financial experts worry about the market dynamics and speculative nature of meme coins. These tokens often rely on hype and volatility rather than intrinsic value, leading some to question whether they represent a bubble or a sustainable financial model.

As the TRUMP and MELANIA tokens continue to make waves, they set a precedent for the intersection of politics and cryptocurrency. Whether this trend will enhance the industry’s credibility or deepen concerns about transparency and influence remains a topic of heated debate.

Disclaimer: This article is for general informational and educational purposes only and should not be considered legal, tax, accounting, or investment advice. The views expressed are my own and do not constitute financial advisory services. I have no business relationship with any company whose stock or cryptocurrency is mentioned in this article. We may or may not have positions in the cryptocurrency discussed in the article.