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Like President Donald Trump On Monday, the 47th president of the United States was sworn in, grifters and opportunists they were already trying to make money from the new Trump era, including the president himself.
A few days before he took office Trump released a memecoin The US dollar urged TRUMP to “celebrate and have fun” and warned it was “not meant to be an investment opportunity”. Trump announced the launch of X and Truth Social, leaving many wondering if the president had accounts was hacked.
However, within a few hours, thousands of people invested in cryptocurrency. The sale was very successful was almost 90% with billions of dollars. From Trump’s total wealth. However, like many memecoins, the price of $TRUMP fluctuated wildly on Sunday, and the price drop continued into Monday, dropping significantly on Sunday.
When he was sworn in as president on Monday, $TRUMP was worth memecoin Trump will hold 80 percent of the coins, just shy of $50 billion. Built on the Solana blockchain, the coin allows anyone from anywhere in the world to send money directly to the President of the United States.
First lady Melania Trump also launched her own memecoin on Sunday, and while it didn’t reach the level of Trump’s memecoin, $ MELANIA coin it was worth about $8 billion on Monday.
The president and first lady were far from the only ones trying to cash in on the hype around Trump’s second term, especially around inauguration weekend. Since his first term in office, Trump has been a magnet for all kinds of gizmos and cash grabs, many of which the president himself has endorsed, including everything from guitars and shoes to trading cards and coins.
Religion is also on the table. Country singer Lee Greenwood said Sunday that Trump could use a special release “God Save the USA” Bible for swearing — the same Bible the singer has been selling with Trump since last March.
The “Inauguration Day Edition Bible” has been on sale for $70 on Greenwood’s own website (along with light pink and camo versions of the Bible) for the past week, but the Bible was already sold out by the time Trump took office on Monday.
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, plenty of other memorabilia is also on sale. A Texas jeweler is even offering to give the president an 8-carat head-shaped diamond in what appears to be a marketing pitch.
And since Trump’s inauguration was held indoors due to bitterly cold weather, tens of thousands of people sent to attend the event were unable to use tickets. 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 are distributed free of charge by members of the House of Representatives and bear a hologram and the signature of the representative who issued them. Many of the listings are already sold out, with some sellers offering multiple tickets.
A special website was also set up offering commemorative opening tickets, with some tickets being offered for up to $900. It’s unclear who is behind the page, but the site ranks as the second result for a Google search for “commemorative swearing-in tickets.”
Griffing and cash grabs are nothing new in Trumpworld. Since Trump took office in 2016, he and his false supporters have mastered various schemes. Many figures have continued their entire careers with Trump’s support topics like stolen elections or The denial of COVID.
