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Melania Trump's meme coin 'quietly sold' for $30M amid stock market saga | First Lady Melania Trump's meme coin, which tanked just weeks after it was launched, has been quietly sold off.
First Lady Melania Trump's meme coin, which tanked just weeks after it was launched, has been quietly sold off.
Meme coins, a peculiar and highly volatile segment of the crypto industry, often start as a joke with no real value but can skyrocket in price if enough people are willing to buy them. Critics see them as nothing more than Ponzi schemes that enrich insiders and unethical celebrities, while supporters argue that meme coins could be early indicators of how the internet could revolutionize financial transactions and other dealings. Researchers have estimated that trading fees have generated tens of millions of dollars for entities that launched the coin, including a company owned by Trump.
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