It has been highlighted that more than 90 % of US President Donald Trump’s wealth is in encryption origins, including the Red Hot Hot Code.
Coinbase former CTO Balaji Srinivasan and the general partner of the Investment Capital Company Andresson Horwitz installed it on the possible effects of this development.
“The first chief of encryption”
Balaji Surinifasan male In a post on January 19 on X, President -elect Donald Trump is “the first chief encrypted”. According to Balaji, Trump, just like many of the first holders who have seen Nizak’s changes to their personal wealth, moved from Crypto by only 1 % of his wealth to amazing 90 %.
“Overnight, the vast majority of net value ($ 59 billion) for the next president to the United States are now being held in the encrypted currency. This will be true even with a 90 % decrease,” previous CTO CTO.
While other celebrity MIM currencies quickly crashed into zero, Balji believes that this will not be the case with the Mimi $ currency due to Trump’s vast online presence, “presidential immunity”, its massive impact on the government, and “without stopping daily coverage.”
“Every politician, influential and celebrity around the world is watching the mouth in this phenomenon. They will wait to find out how to come out politically and financially, and if the mechanics show the power of survival – big if! – They may do them.”
Serenivasan also suggested that any criticism from Washington might push Trump to “legalize the coded currency in the most aggressive way” in an attempt to protect his digital wealth.
Although some accused Trump of greed by launching the Mimi currency, Balji suggested that it is not different from how other prominent public figures benefited over time, noting that “Biden took 10 % for the big man, Pelosi exchanged its shares, and Hillary determined his sermons The Bodista was 300 billion dollars, and Obama got the Netflix deal.
Mim, Trump family
On January 18, 2025, the encryption market witnessed a huge event with the emergence of the “official” coin, “Trump”, on Solana Blockchain. Within a few hours of its launch, the Trump market ceiling rose to amazing $ 14 billion and entered the best 20 encrypted currencies on Coingecko.
A day after $ Tram, Trump’s wife, Melania Firing Mimi currency titled, $ Melania. $ Melania It increased by 24,000 % To a standard peak of $ 13.05, as the Trump -based Mimi coin in Solana fell.
The website, which reveals the distinctive symbol of Melania’s symbol, says that Mimi’s currency was created to express “support”, “participation” and “unintended” to be a “investment opportunity” or “an investment contract”. The site confirms that 35 % of $ TROMP codes are allocated to the distinguished symbol team, as 20 % were distributed to society and the cabinet. Moreover, it claims that 10 % has been allocated for liquidity and 15 % is presented to the public.
However, Blockchain Sleute Bubblemaps Detect Nearly 90 % of the distinctive symbol supplies in Solana are kept in one wallet and are not in line with the distribution of the distinctive symbol demanded for the team.
According to Coinbase Conor Grogan, it is unlikely to be “$ Melania” a rug, although it could be launched in a short notice by a less organized team compared to the team behind Trump Mimi.
“I think this symbol has been dealt with by a different team from Trump,” Gogan books In X. “This looks like professional market makers, this is one frankly like university children.”
However, the successive Meme Coin drops have strengthened this net value of Trump and the next first lady, Melania, with billions of dollars.