as President Donald trump Grifters and took the oath of office as the 47th President of the United States on Monday opportunistic There were already people trying to capitalize on the new Trump era — including the president himself.
Just a few days before he took office, Trump launches a memecoin $TRUMP was told to “celebrate our victory and have fun,” warning that it was “not intended to be an investment opportunity.” Trump announces launch of X&Truth social, leaving many wondering if the president's accounts was hacked,
However, within a matter of hours, thousands of people had invested in the cryptocurrency. the sale was very successful In billions of dollars, it was worth about 90 Percentage of Trump's net worth. However, like many memecoins, the price of the $TRUMP coin fluctuated wildly and fell significantly on Sunday, with the price decline continuing on Monday.
When he took oath as President on Monday. $TRUMP was the value of memecoin At just under $50 billion, Trump owns 80 percent of the coins. Built on the Solana blockchain, this coin allows anyone anywhere in the world to send money directly to the US President.
First lady Melania Trump also launched her own memecoin on Sunday, and although it hasn't quite reached the level of Trump's memecoin, $Melania Coin It was worth about $8 billion on Monday.
The president and first lady weren't the only ones trying to capitalize on the buzz surrounding Trump's second term and especially inauguration weekend. Since his first term in office, Trump has been a magnet for all kinds of gifts and cash grabs, many of them endorsed by the president himself, and including everything from guitars and shoes to trading cards and coins. Is.
Religion has also been on the table. Lee Greenwood, a country singer, said Sunday that Trump could use a special version of “God Bless the USA” Bible As for his swearing-in — the same Bible the singer has been selling with Trump since last March.
The “Inauguration Day Edition Bible” has been on sale on Greenwood's own website — along with hot pink and camo versions of the Bible — for $70 since last week, but as Trump took office on Monday, it appeared the Bibles had already sold out. Is.
A range of other commemorative items are on sale, ranging from dozens of “Inauguration Day” T-shirts and hats sold on platforms like Amazon and Etsy to a special “Inauguration Edition” roast from Victory Coffee. A Texas-based jeweler is also offering to gift the President an 8-carat diamond in the shape of his head, in what appears to be a marketing bid.
And because Trump's inauguration ceremony was moved indoors due to extreme cold weather, thousands of people who were sent tickets to attend the event were unable to use them. People have attempted to cash in on those tickets, with dozens of listings on eBay offering unused tickets for up to $200 each. The tickets were distributed free of charge by members of the House of Representatives and bore a hologram and the signature of the representative whose office issued them. Many listings have already sold out, with some sellers offering multiple tickets.
A specific website offering commemorative inauguration tickets was also set up, with some tickets offered for up to $900. It is unclear who is behind the page, but the site is ranked as the second result on a Google search for “monument inauguration tickets”.
grifting And cash grabs are nothing new in Trumpworld. Since Trump came to office in 2016, he and his sycophant supporters have pursued a variety of plans. With Trump's support, many celebrities have advanced entire careers topics like stolen elections Or COVID denialism,