The two digital currencies issued under the names of US President Donald Trump and his wife Melania witnessed sharp fluctuations in their value, ending in a sudden collapse that led to large losses for small investors, while whales came out with huge gains, in a scenario similar to pyramid schemes known in many emerging markets. Since their launch, the two currencies have enjoyed support from Trump supporters who saw them as an opportunity to invest in a popular political symbol. However, intense speculation and the movements of major investors led to the prices inflating at an unprecedented rate, before a mass sale process caused their value to collapse within hours. By mid-day trading on Thursday, the price of Trump’s digital currency had fallen by more than 10%, recording $12, bringing its losses during the week to more than 37%, while the price of the first lady’s digital currency was less than $1.6, down more than 90% from its highest level.$TRUMP

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