Donald Trump’s Inauguration: a new term, meme coins, and past accusations
20 january 2025 в 20:13
President-elect Donald Trump is preparing for his second term inauguration at the White House. On Monday, January 20, Trump and his Vice President-elect J.D. Vance will be greeted by supporters and several famous performers to celebrate the event in Washington, D.C.
As his inauguration begins, learn more about his net worth, the recently launched meme coin, and his past allegations.
As of January 20, according to Forbes, Trump is estimated to be worth approximately $ 6.7 billion.
Trump launched the meme coin — $TRUMP — on Friday, just a few days before his inauguration.
«My NEW Official Trump Meme Coin is here!» Trump wrote on Friday. «It's time to celebrate everything we stand for: VICTORY! Join my special Trump community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have fun!»
The $TRUMP meme coin was initially sold for $ 10 each before rising to nearly $ 70 by Sunday morning. However, its value sharply dropped later the same day when Melania Trump announced the launch of her own coin.
You can buy $MELANIA now. https://t.co/mgSwtOQYnq
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/o2V9BQx2zG
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
As of Monday morning, the coin is valued at approximately $ 51, with a market capitalization of around $ 10.3 billion, according to CoinMarketCap.
Concerns have arisen regarding the incoming president and first lady launching meme coins, which are often volatile and are part of the crypto industry, which usually starts as a joke with little or no real value. Critics have warned that Trump’s meme coin could pose a risky opportunity for special interests and foreign governments to try to influence the president.
«Now anyone in the world can practically deposit money into the US president’s bank account with just a few clicks», - said Anthony Scaramucci, former White House communications director for Trump.
The website selling the tokens emphasizes that they are intended as expressions of support, not as investment opportunities.
Trump was first charged in March 2023 by the Manhattan district attorney with state charges related to a hush money payment made in the final days of the 2016 presidential election. His then-lawyer Michael Cohen paid porn actress Stormy Daniels $ 130,000 to keep quiet about an alleged affair.
On May 30, 2024, Trump was found guilty on all 34 counts of first-degree business record falsification by a jury of 12. During the trial, Daniels testified about their alleged affair, which Trump denied.
Nearly a year after his conviction, on January 10, 2025, Trump virtually attended his scheduled court appearance. Judge Juan Merchan granted him «unconditional discharge», - meaning he was released from further legal obligations without additional punishment (such as prison time). While the conviction remains on his record, Trump will not face additional penalties.
Despite becoming the first president in US history to be convicted, Trump still has the right to serve another term as president. The US Constitution does not prohibit a convicted individual from holding the office of president
As his inauguration begins, learn more about his net worth, the recently launched meme coin, and his past allegations.
As of January 20, according to Forbes, Trump is estimated to be worth approximately $ 6.7 billion.
Trump launched the meme coin — $TRUMP — on Friday, just a few days before his inauguration.
«My NEW Official Trump Meme Coin is here!» Trump wrote on Friday. «It's time to celebrate everything we stand for: VICTORY! Join my special Trump community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have fun!»
The $TRUMP meme coin was initially sold for $ 10 each before rising to nearly $ 70 by Sunday morning. However, its value sharply dropped later the same day when Melania Trump announced the launch of her own coin.
You can buy $MELANIA now. https://t.co/mgSwtOQYnq
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/o2V9BQx2zG
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
As of Monday morning, the coin is valued at approximately $ 51, with a market capitalization of around $ 10.3 billion, according to CoinMarketCap.
Concerns have arisen regarding the incoming president and first lady launching meme coins, which are often volatile and are part of the crypto industry, which usually starts as a joke with little or no real value. Critics have warned that Trump’s meme coin could pose a risky opportunity for special interests and foreign governments to try to influence the president.
«Now anyone in the world can practically deposit money into the US president’s bank account with just a few clicks», - said Anthony Scaramucci, former White House communications director for Trump.
The website selling the tokens emphasizes that they are intended as expressions of support, not as investment opportunities.
Trump was first charged in March 2023 by the Manhattan district attorney with state charges related to a hush money payment made in the final days of the 2016 presidential election. His then-lawyer Michael Cohen paid porn actress Stormy Daniels $ 130,000 to keep quiet about an alleged affair.
On May 30, 2024, Trump was found guilty on all 34 counts of first-degree business record falsification by a jury of 12. During the trial, Daniels testified about their alleged affair, which Trump denied.
Nearly a year after his conviction, on January 10, 2025, Trump virtually attended his scheduled court appearance. Judge Juan Merchan granted him «unconditional discharge», - meaning he was released from further legal obligations without additional punishment (such as prison time). While the conviction remains on his record, Trump will not face additional penalties.
Despite becoming the first president in US history to be convicted, Trump still has the right to serve another term as president. The US Constitution does not prohibit a convicted individual from holding the office of president
© Zhinobaeva Margarita
