Trump Family’s Meme Coin Fiasco Triggers $1.1 Billion in Crypto Liquidations
Meme coins are a particularly intriguing part of the cryptocurrency space as they can lead to remarkable price increases within days and sometimes hours. However, they can cause significant pain and disappointment when (most of them) inevitably crash.
The dangers are amplified when it comes down to meme coins launched by the US president-elect and the former and future first lady.
The Trump Meme Coin Saga
The last weekend before Trump’s inauguration was expected to be the calm before the storm. However, that couldn’t be further from the truth due to Friday evening’s launch of Official Trump – a Donald Trump-backed and endorsed meme coin.
Given his stature and upcoming role, the token turned all eyes on itself…
