#TariffHODL

Three weeks after the launch of the Trump and Melania coins, the former has lost 75% of its value and the latter 90%, according to CoinMarketCap. Stefan Ouellet believes that meme coins are volatile and have no intrinsic value, making them short-term investments.

Trump’s move into cryptocurrencies has drawn mixed reactions, with some seeing it as a boost to the industry while others see it as damaging to credibility. Trump’s coin topped $70 but has since fallen after Melania’s coin was launched. Trump’s coin is estimated to have generated $11.5 million in fees for entities associated with him, despite its rapid price decline.