Donald and Melania Trump’s memecoins aren’t doing well [Video]

• At the weekend Donald and Melanie Trump launched memecoins.
• While Donald’s rose to massive heights before dropping, the value of Melania’s coin continue to plummet.
• The Trump Organization and Fight Fight Fight LLC holds 80 percent of the coins and is subject to a three year unlocking schedule.

Ahead of his inauguration as the President of the United States of America, Donald Trump launched a memecoin.

A memecoin is a cryptocurrency token that is tied to a popular meme or personality. The tokens are generally very volatile and unfortunately, are often a tool used by pump and dump schemes. There are innumerable examples of these coins over the years including most recently a controversial token heralded by Hailey “Hawk Tuah Girl” Welch.

The Trump memecoin launched on 18th January at a price of $9.83 and shot up to $75.08 by Sunday. The meme the coin is tied to is the attempted assassination of Donald Trump on 13th July according to the official …