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Pump, Dump, and Power: How Trump’s Inauguration Shook the Markets
It was crazier than we expected...
WHAT. A. WEEK.
That was wild, and way more entertaining than any of us could’ve imagined…
Did you see everything that happened?
The inauguration, the volatility, the tariffs, the potential rug-pulls.
All the news, and trivia with a prize at the end…
Don’t read this without popcorn…
(P.S. Steadman stole Obama’s purse, find him!)
Topics🔥
The Rise and Fall of Trump’s Coins
Forex Volatility Amid Tariff Tensions
Stocks React to Trump’s First Week Back
Markets Are Strong, and Trump Does What He Wants
The Rise and Fall of Trump’s Coins:
With his inauguration last Monday, Trump’s return to the White House has obviously signaled a STRONG pro-crypto shift.
In case you missed it, here are a few wild moves that took place over the weekend…
New $TRUMP coin launch stats:
Jumped from under $10 to almost $80
Hit a $73B market cap
Dropped over 50% from its peak
Became a top 25 cryptocurrency
Critics call it a cash grab, with 80% of the supply held by Trump’s team which kinda raises concerns about market manipulation and a potential “rug pull”, but he definitely made some money…
Despite its volatility, $TRUMP’s performance reflects support for Trump (obviously), but a sell-off could hurt confidence in both the coin and the president.
$TRUMP 4H Chart
Then, the Trump administration decided to launch Melania’s personal coin $MELANIA on Sunday (2 days after $TRUMP)
Here’s how it went:
Jumped from around $8 to just over $14
Hit a $473M market cap
Dropped 80% from its peak
Down almost 70% from its launch price
$MELANIA 4H Chart
The inauguration, the parties, and the new crypto narrative have actually been pretty wild.
Do you ever just think about how quickly we’re moving? I mean, four scores and 7 years ago the U.S. was still issuing silver dollar certificates…
(I have no idea what that even is, just small talk I guess)
Anyways, a few more updates:
Bitcoin reached a new all-time high (just under $110k) on inauguration day
Trump pardoned Ross Ulbricht, creator of Silk Road
Silk Road, which shut down in 2013, enabled $200M in illegal drug sales using Bitcoin. Ross Ulbricht was convicted in 2015 for drug trafficking, money laundering, and hacking conspiracies.
Trump criticized the life sentences as excessive and called the case government overreach, aligning with libertarian advocates for Ulbricht’s release.
Here’s what Trump said about it:
"The scum that worked to convict him were some of the same lunatics who were involved in the modern-day weaponization of government against me. He was given two life sentences, plus 40 years. Ridiculous!"
As my grandparents would say (and probably yours too), they’re all corrupt!