Trump’s Very Stable Genius Coin

Photo credit: RDNE Stock project via Pexels. Podcast: The Intercept Briefing. The Intercept – April 25, 2025.

Reporters Matt Sledge and Jessica Washington discuss Trump’s growing crypto empire as he deregulates the industry.

On the eve of his second inauguration, Donald Trump did something no U.S. president had ever done: He launched a meme coin. The cryptocurrency — whose value hinges more on hype than utility — surged to an all-time high of $75.35 a token. The next day, First Lady Melania Trump dropped her own meme coin, debuting at about $13 a share. Both coins have since tumbled, but on Wednesday Trump’s token briefly bumped up again to $15.47 before dipping. The latest surge came after the coin’s official website announced that 220 top meme coin holders will be invited to a gala dinner with the president in May — black tie optional. […]

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