Bitcoin fans aren’t all sold on Trump’s meme coin

Bitcoin investor Ryan Nichols, who traveled to the Bitcoin 2025 conference from Austin, Texas, said he’s a Trump fan but wouldn’t touch Trump’s digital currency.

“I love Trump. I really want to see what he does to improve this country. But at the same time, I don’t think his coin is going to be much better than the Hawk Tuah coin,” he said, referring to a meme coin that crashed in December and is now the subject of lawsuits.

“I think it will continue to be a pretty good investment for a few more months at most, and then probably drop,” he said.

The Trump Organization and the website administrators of gettrumpmemes.com, where the meme token is for sale, did not respond to requests for comment Friday.

The White House declined to comment, saying in an email, “The $TRUMP meme coin has nothing to do with the White House!”

The price of the $TRUMP coin fluctuates. It sold for less than $1 a coin on Jan. 17, the night Trump announced it with a post on X. Within two days, it soared past $70, according to data from research site CoinGecko. Its value plunged after Trump’s inauguration and has since bounced in a range from about $8 to $16 a coin. On Friday, it was trading at around $11, with a total market capitalization of $2.2 billion, according to CoinGecko.

First lady Melania Trump launched a meme coin of her own, called $MELANIA, also in January. Its price has cratered from more than $13 a coin to $0.32 as of Friday, according to CoinGecko.