Incoming President Donald Trump is heading to his inauguration as the 47th President of the United States after launching his own memecoin on the Solana blockchain. He has made at least $500 million in realised gains off sales from the coin which is now sitting at more than $11 billion in market capitalisation as of writing.
President Trump launched his memecoin during a gala reception where he met with crypto industry executives who had funded his political campaign, catching the executives off guard. His sons, are now planning to profit from the crypto markets by launching their own crypto exchange along with other products.
His wife, Melania Trump, followed suit hours later Donald Trump’s memecoin launch, and launched her own memecoin which is currently sitting at around $3 billion in market cap.
Donald Trump has appointed David Sacks as his Crypto Czar in his White House cabinet. He is a venture capitalist who owns Craft Ventures that is invested in many crypto companies, and also an old friend of Peter Thiel who are both part of the conservative Silicon Valley clique, the “Paypal Mafia”. David Sacks is also accused of serving as a laundromat for Russian oligarchs including for Vadim Moshkovich.
The inauguration ceremony will start later today on 11.30AM inside the Washington’s Capitol after a decision to move the ceremony indoors due to the cold weather.
Newsroom
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