President Donald and First Lady Melania Trump debuted two meme coins over the weekend on the day of his inauguration. Meme coins have gained popularity for their volatility but are typically tied to internet trends and lack intrinsic value. The Trump coin surged to nearly $75 on Monday before stabilizing at $40, while Melania's coin faced a 20% drop, landing at $5.40. Trump has promised deregulation, appointing pro-crypto officials like SEC nominee Paul Atkins. Bitcoin surged over 50%, hitting a record of over $109,000.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump and First Lady Melania Trump debuted two meme coins over the weekend
00:07on the day of his inauguration.
00:09Meme coins have gained popularity for their volatility, but are typically tied to internet
00:13trends and lack interest value.
00:16The Trump coin surged to nearly $75 on Monday before stabilizing at $40.
00:21Meanwhile, Melania's coin faced a 20% drop, landing at $5.40.
00:26But as promised, deregulation appointed pro-crypto officials like SEC nominee Paula Adkins.
00:32Bitcoin surged over 50%, hitting a record of over 109,000.
00:36For all things money, visit Benzinga.com slash GSTV.