Digital currencies values surges amid expectation that new administration will support ‘crypto-friendly’ environment

President Donald Trump dismissed reports that he had made billions after launching his new cryptocurrency token last week.

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

Melania Trump launched a meme coin on the eve of her husband’s inauguration — causing his own new cryptocurrency to briefly tank amid a buying frenzy. The incoming first lady dropped news of the cryptocurrency — “$MELANIA” — on Sunday night — just days after her husband, President-elect Donald Trump, revealed his own newly created $TRUMP coin.

The 47th first lady will live in the White House and sleep alone in one of the suites. She will also reside in Palm Beach and New York, where her son studies. She will continue to fight against cyberbullying in teenagers.

Cryptocurrencies affiliated with President Donald Trump and first lady Melania Trump plummeted in the initial hours after Trump was sworn into office Monday.

The $TRUMP coin reaches an $8 billion market cap while Melania Trumps coin declines. Bitcoin surges above $105,000 amidst market volatility.

Melania Trump’s meme cryptocurrency launched Sunday night, skyrocketing in value and netting her a tidy profit only hours before she returns to the White House as first lady.

Speaking to reporters on Tuesday, President Donald Trump briefly addressed the TRUMP memecoin, which debuted on January 17, just days before his inauguration. “I don’t know much about it other than I launched it,” Trump remarked. “I heard it was very successful. I haven’t checked.”

President Donald Trump acknowledged launching his official meme coin, ‘TRUMP’, which debuted a few days ago. However, he admitted he didn’t know much about its performance. While speaking to a group of reporters on Tuesday afternoon, Trump was asked about his new meme coin. He said:

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.