As President Donald Trump was sworn into office as the 47th president of the United States on Monday, Grifters and opportunists were already trying to capitalize on the new Trump era, including on the president himself.
Just days before taking office, Trump launched a Memecoin called $Trump to “celebrate our victory and have fun,” warning that it was “not meant to be…an investment opportunity.” Trump announced the launch of X and Truth Social, and many wonder if the president’s accounts had been hacked.
However, within hours, thousands had invested in the cryptocurrency. The sale was so successful which, in billions of dollars, represented almost 90 percentage of Trump’s overall wealth. However, like many Memecoins, the price of the $Trump coin fluctuated wildly and dropped significantly on Sunday, with the price drop continuing into Monday.
At that time he was sworn in as president on Monday, $Trump Memecoin was worth it Just shy of $50 billion, with Trump retaining 80 percent of the coins. The currency, which is based on the Solana blockchain, allows anyone anywhere in the world to funnel money directly to the President of the United States.
First lady Melania Trump also launched her own Memecoin on Sunday, and although it hasn’t reached the level of Trump’s Memecoin, the $Melania Coin was worth nearly $8 billion on Monday.
The President and First Lady were far from the only ones looking to capitalize on Trump’s second term, and inauguration weekend in particular. Since his first term in office, Trump has been a magnet for all manner of taps and cash grabs, many of them backed by the president himself, and including everything from guitars and shoes to business cards and coins.
Religion has also been on the table. Lee Greenwood, a country singer, said Sunday that Trump could use a special edition of the “God Bless America” Bible For his swearing-in, the same Bible that the singer has been selling with Trump since last March.
The “Inauguration Day Edition Bible” has been on sale on the Greenwood website, Bible versions and Bible camouflage. .
A number of other commemorative items are for 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 jewelry box with Texas headquarters even offers to give the president an 8-carat head-shaped diamond in what appears to be a marketing offer.
And because Trump’s inauguration was moved indoors due to severe cold weather, tens of thousands of people who had received tickets to attend the event were unable to use them. People have tried 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 feature a hologram and the signature of the representative whose office issued them. Many of the listings have already sold out, with some sellers offering multiple tickets.
A specific website was also set up offering commemorative inaugural tickets, with some tickets offered for up to $900. It’s unclear who is behind the page, but the site ranks as the second result in a Google search for “inaugural tickets.” commemorative inauguration”.
Complaints and cash grabs at Trumpworld are nothing new. Since Trump came to office in 2016, he and his sycophantic supporters have adopted a wide variety of schemes. With Trump’s support, many figures have caused entire races to break down on issues like a stolen election or Covid denialism.
