President Trump’s meme coin, $TRUMP, jumped 95.8% week-over-week after it was announced via his web site and his X account that he was:
- inviting the top 220 holders of the digital token to an “intimate private dinner” with him “on May 22nd at the BEAUTIFUL Trump National Club in Washington, D.C….[that] will be a night to remember! Thank You! And Have Fun!”
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and “FOR THE TOP 25 COIN HOLDERS, YOU are Invited to an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT! We have also arranged for a Special VIP Tour for you – so make sure you stay in town.”
While the dinner offer resulted in the value of the meme coin surging on Wednesday, the gain only partially erased the meme coin’s value, which remains DOWN 48% from its peak of $75.35 on January 19th the day before Mr. Trump’s inauguration. Melania’s token $MELANIA, while jumping 33% WoW, remains DOWN 13% from its peak since it was debuted on January 20th.
HAVE DINNER WITH PRESIDENT TRUMP
Only For the TOP 220 $Trump Holders!
Join President Donald J. Trump at his Private, Members-Only Club in Washington, D.C. for Dinner!
Most Exclusive Once in Lifetime Invitation.
At this Intimate Private Dinner, Hear First-Hand President Trump Talk about the Future of Crypto.
The $TRUMP coin is now ranked #34 (up from #49 the previous week) and $MELANIA is ranked #152 (from #169 the previous week) among the thousands of cryptocurrencies available and, as such, both are referred to as “shitcoins” in industry jargon.
What Are Shitcoins?
Privacypros points out that “there are two kinds of people who want to know what a shitcoin is. The first doesn’t know exactly what it means for something to be a shitcoin. The other kind of person gets the idea of what a shitcoin is, but doesn’t know which cryptocurrencies are shitcoins and which aren’t so, for those who give a —-, here are some definitions:”
- The Urban Dictionary defines a shitcoin as “a great way to lose money” and “a cryptocurrency with no utility or unique features.” In other words, a shitcoin is a cryptocurrency that will someday be totally worthless.
- Investopia provides a detailed definition, saying that a shitcoin is “a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest fails to materialize, because the altcoin itself was not created in good faith, or because the price is based on speculation.” This article then continues to break down ‘shitcoin’ more with another 500 words of description and analysis.
- A Quora poster calls it an “altcoin (that) is considered worthless due to the lack of…useful features in the development of its blockchain. While shitcoins are considered worthless, that doesn’t necessarily stop them from going ‘to the moon’”.
Where/How Can You Buy A $TRUMP or $MELANIA Coin?
I don’t know why anyone would want to buy these shitcoins but if that is what you want to do then go HERE or HERE.
