By Jim Quinn of TheBurningPlatform.com - January 20, 2025

When you bilk your acolytes by issuing a worthless bullshit coin the weekend before becoming president, enriching yourself by $12 billion, how are we supposed to take you seriously when you declare you are here to serve the American people? Donate the $12 billion to the freezing, hungry Americans in NC and Georgia and the J6ers who have been abused by your government. What a scam.

Via Barron’s

Donald Trump has said he would make the U.S. the crypto capital of the world and create a national reserve of Bitcoin. (Jon Cherry/Getty Images)

President-elect Donald Trump and his wife Melania both launched cryptos ahead of his return to the White House.

Bitcoin and the price of other tokens rallied in early trading before crypto-friendly Trump’s inauguration later Monday.

The returning president announced the arrival of his $TRUMP meme coin in posts on X and his own social-media platform Truth Social Friday night. The token was trading at $56.18 early Monday, according to CoinDesk, and soared after it was unveiled.

About 80% of the coin’s supply is owned by an affiliate of the Trump Organization, Fight Fight Fight and CIC Digital, which has drawn criticism from within and outside the crypto industry, according to Wall Street Journal and Bloomberg reports.

There were $200 million Trump coins available on day one. The supply will grow to 1 billion over three years, according to the website associated with the token.

The coins sold for about $3 each before Trump publicly announced the digital token on Friday evening, according to CoinDesk data.

It soared to a high of $76.94 in the following hours, briefly hitting a market value of $15 billion—of which about $12 billion was held by three wallets linked to Trump.

The fact that the majority of the coin is linked to the president-elect may spark fears of a so-called “Trump and dump,” but it’s important to recognize the broader significance of this moment, Henry Duckworth, CEO of AgriDex, a digital marketplace, noted.

“The fact that the world’s most powerful man has launched his own branded cryptocurrency 2 days before his inauguration sends a clear message: blockchain technology will become deeply interwoven into America’s financial future this year,” Duckworth wrote.

The Trump coin is “intended to function as . . .

[SNIP]

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