Recently, TRUMP rose by nearly 50% on the day of the US President, sparking controversy over the meme coin of Argentine President Milei.

US stocks saw mixed movements on Friday, with retail sales in January showing a decline, indicating that rising prices and tariff uncertainties may lead to consumer spending tightening. Today, on Presidents’ Day in the United States, the stock and bond markets are closed for the day. Over the weekend, the meme coin TRUMP, named after the incumbent President Trump, briefly rose to $24, a nearly 50% increase, while Argentine President Javier Milei tweeted about the controversial meme coin LIBRA, issued by a third party.

(Review of the President of Argentina issuing coin LIBRA: a scam? The team behind KIP exposed, well-known law firm willing to provide legal assistance )

The controversy over the president’s meme coin has been ongoing since the president’s recent.

Today (2/17) is the President’s Day in the United States, and the stock and bond markets are closed for one day.

The meme coin named TRUMP after the incumbent president Trump rose from $16 to $24 over the weekend, an increase of nearly 50%, but fell back to around $18.9 before the deadline.

Trump’s Trump Media & Technology Group released its annual report after the closing on Friday, 2024, showing a decrease in revenue and a loss of $401 million, yet issued over $107 million in stocks as employee incentives. Meanwhile, its crypto project WLFI remains controversial.

( Investment consultant reviews Trump’s crypto project WLFI: a clever scam created by political forces )

Over the weekend, Argentine President Javier Milei tweeted a meme coin LIBRA issued by a third party, which experienced extreme volatility. The market capitalization of the meme coin evaporated from $4.6 billion to $200 million, and the community began to launch a manhunt for the culprits.

(Meat Hunting Argentine President Memecoin LIBRA Behind the Scenes: The Latest Relationship Diagram, KIP and Kelsier Respond )

This week Australia and New Zealand will announce interest rate decisions

This week will see interest rate decisions in Australia and New Zealand, with the Reserve Bank of Australia expected to start its long-awaited rate cut cycle on Tuesday, while the Reserve Bank of New Zealand is likely to continue its rapid easing policy on Wednesday to support a sluggish economy.

In the United States, the Federal Reserve meeting minutes and housing starts data will be released on Wednesday, and the global manufacturing and services purchasing managers’ index (PMI) will be released on Friday.

This article, the US President, TRUMP, rose by nearly 50%, and the Argentine President Milei’s meme coin sparked controversy, first appeared on Chain News ABMedia.