On Monday, as President Donald Trump was sworn in because the forty seventh president of the United States, scammers and opportunists had been already seeking to revenue from the brand new Trump period, together with the president himself.
Just days earlier than taking workplace, Trump launched a memecoin known as $TRUMP to “have a good time our victory and have enjoyable,” warning that it was “not supposed to be… an funding alternative.” Trump introduced the launch on X and Truth Social, and plenty of are questioning if they’re the president’s accounts had been violated.
However, inside a number of hours, 1000’s of individuals invested within the cryptocurrency. The sale was very profitable which, with billions of dollars, represented almost 90 of them share of Trump’s total wealth. However, like many memecoins, the worth of the $TRUMP coin fluctuated wildly and dropped considerably on Sunday, with the worth decline persevering with into Monday.
He was sworn in as president on Monday, it was worth the $TRUMP memecoin just below $50 billion, with Trump retaining 80% of the cash. The coin, constructed on the Solana blockchain, permits anybody wherever on the earth to funnel cash on to the president of the United States.
First Lady Melania Trump additionally launched her personal memecoin on Sunday, and whereas it hasn’t reached the extent of Trump’s memecoin, the Coin $MELANIA on Monday it was price practically $8 billion.
The president and first girl weren’t the one ones attempting to revenue from rumors about Trump’s second time period, and particularly inauguration weekend. Since his first time period, Trump has been a magnet for all types of scams and cash thefts, a lot of them authorized by the president himself, and together with all the things from guitars and sneakers to buying and selling playing cards and cash.
Religion has additionally been on the desk. Lee Greenwood, a rustic singer, stated Sunday that Trump might use a particular version of the “God Bless the United States” Bible. for his oath, the identical bible that the singer has been promoting to Trump since final March.
The “Inauguration Day Edition Bible” has been on sale on Greenwood’s web site, together with sizzling pink and camouflage variations of the Bible, for $70 for the previous week, however when Trump took workplace on Monday, the Bible appeared to have already offered out.
Quite a lot of different commemorative objects are up on the market, starting from dozens of “Inauguration Day” T-shirts and hats offered on platforms like Amazon and Etsy to a particular “Inauguration Edition” roaster from Victory Coffee. A Texas-based jeweler is even providing to provide the president an 8-carat diamond formed like a head in what seems to be a advertising provide.
And as a result of Trump’s inauguration was moved inside due to extreme chilly, tens of 1000’s of people that had been despatched tickets to attend the occasion had been unable to make use of them. People have tried to money in on these tickets, with dozens of listings on eBay providing unused tickets for as much as $200 every. The tickets had been distributed freed from cost by members of the House of Representatives and have a hologram and signature of the consultant whose workplace issued them. Many of the listings have already been offered and a few sellers are providing extra tickets.
A particular web site has additionally been created providing commemorative inaugural tickets, with some tickets provided for as much as $900. It’s unclear who’s behind the web page, however the website is ranked because the second end in a Google seek for “tickets commemorative for the inauguration”.
Trumpworld scams and cash grabs are nothing new. Since Trump took workplace in 2016, he and his sycophantic supporters have embraced all kinds of schemes. With Trump’s help, many figures have made total careers addressing subjects like stolen elections or COVID denialism.
