Crypto Corruption in the Trump Family

The Melania token, linked to the former First Lady, has taken a hit after the team behind it revealed they've been gradually selling off their holdings to convert them into a more stable cryptocurrency. This has led to a significant price drop, with the token losing 5.3% of its value in the past 24 hours and 32.1% over the past week.

The token's price is now 97.1% below its all-time high, reached in January 2025. The continuous selloff has raised questions about the team's commitment to the project and the token's long-term viability.

On a related note, Donald Trump's crypto portfolio is expected to get a boost with a $2 billion investment from a firm backed by Abu Dhabi. The investment is linked to Trump's World Liberty Financial project, which has some notable connections to the Trump family and their associates. While the project claims to be nonpartisan, some of its leaders have been critical of the president in the past.

The investment has raised concerns about conflicts of interest and cronyism in the crypto industry. Trump's administration has loosened oversight of the digital asset industry, and some have accused the president's team of using their influence to benefit their own interests. As Trump's crypto empire expands, these concerns are likely to grow.

Source: https://statedemocracydefenders.org/