Trump Hayes crashes the Mimi currency, the hedge cries “ruin”

Mimi’s official coin, Trump Mim, reached its highest level of $ 75.35 on January 19, 2025, shortly after its launch on January 17-three days before Donald Trump’s second term with the start of the American president. Since then, the value of the currency has decreased from Jurf.

As of February 1, Trump It is circulated in about $ 19.38. This is approximately 74 % decreased from its peak.

The market value of the currency is still large, with a fully diluted evaluation of about $ 2 billion (80 % of Trump’s symbols).

The founder of Skybridge Capital Anthony Scrameschi-Trump’s ally, who has turned into grammatical-is made to the president when he claims to be a plan for pumps and discharge.

“President Trump posted on the social truth last night in an attempt to” pump “$ Trump Memecoin (yes, this is a real sentence that many have normalized),” to publish On Saturday on X. “The result was an acceleration in” discharge “, now decreased by 70 % of its peak. Dance up.”

Wall Street is anxious?

Trump, who has the social truth through his company, Trump Media and a group technology, often slip on his personal account (i.e., Not explosive symbols, or NFTS).

In September, Trump Promote World Liberty Financial, a decentralized financing platform for investors for borrowing and lending to the use of encrypted currencies. He and his sons are not considered the owners of the company, but they have an agreement to push him to promote it, according to what she mentioned New York Times.

The Trump’s official MeEme is the latest attempt to earn money (Gospels and sports shoes bearing the Maga brand).

Scaramucci, which was the hedge box that was among the first to apply to Crypto in 2020, Impose A question to his followers, who number more than one million on X: “Can someone explain to me on Crypto X How is the president who pumps Mimi’s currency a good thing?”

Scaramuccci, who started his career in Goldman Sachs, is not the only one who rolls in the world of cryptocurrencies and the White House (Melania Haz Mimi official currencyalso).

According to Financial timesNote from the hedge fund in New York, Elliot Manstant, indicates that Trump’s warm currencies enhances speculative frenzy that can “cause chaos.”

The paradox? The founder of Elliot, Paul Singer, is not strange for the Trump world. Although he was a long -term cash, he donated $ 56 million to conservative candidates in 2024, including $ 5 million for “Make America Great again” PAC.

Since Trump was elected, Bitcoin has fallen vow To make America “the power of the great bitcoin in the world”. No one is absent from an opportunity, Trump has not lost any time in signing an executive order to promote a National encryption stored.

Meanwhile, Elliot’s memo is wondering why the United States encourages alternatives to the dollar at a time when other countries are Struck to abandon it.