hey hamsters woohoo what a couple of days it has been Insanity Donald and Melania Trump launched meme coins ahead of the inauguration which reached billions of dollars in market cap with many now suspecting it may be a scam while Cuba's account has been hacked to promote crypto let's dive into the craziness Donald Trump 45th and now 47th president of the United States of America launched his own salana based mcoin Trump on Friday evening 2 days before his inauguration with the slogan fight fight fight what could go wrong right the coin price so dramatically in a day with media Outlets proclaiming Trump a crypt billionaire although the math is not really maing on this one with the tokens market cap reaching over $30 billion in a day as if that craze wasn't enough Trump's wife Melania followed his suit and announced her salana based meme coin Melania on Sunday which let Trump's price to Fall by 46% in the couple of hours following the now first lady's announcement the token got to over $3 billion market cap in a matter of hours you might have thought that this news made the crypto industry happy I mean a real president releasing a crypto asset right run the industry is actually very unhappy with this saying that this was a wrong move overshadowing the industry with some even saying that they regret voting for Trump and others regretting that Gary gansler the SEC commissioner is no longer in office to make matters worse the token's Behavior now looks like a potential rol with token pric is plummeting As Trump took office and what made the industry even more upset is that he didn't mention crypto in his speech which is why markets were falling right after the inauguration now a billionaire investor M cubin says he might launch a me coins since they are the way as he said but the twist is Cuban claims all the revenue will go to the US Treasury well we'll have to see what happens next and as if all of that wasn't enough an account for the Ministry of Foreign Affairs of Cuba the country has been hacked to promote what hackers called Cuba's own cryptocoin on salana called Cuba then there was a act space and another tweet inviting followers to invest in the coin after which the account was locked it now appears to be back again with no mention of what happened oh what a day I know well that's all for today thanks for watching subscribe and remember hamsters are power one for all and all for one bye
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