The Crypto Ball and Trump's Meme Coin Launch

A pivotal event in the cryptocurrency industry occurred just before President Trump's inauguration at a lavish gathering known as the crypto ball. Attended by high-profile figures in crypto, the event celebrated promises from Trump to loosen regulatory constraints on the industry. While the elite mingled and toasted their hopes for the future, Trump announced the launch of a meme coin called 'Trump' on social media, frustrating many attendees who could not capitalize on the late announcement. This moment starkly highlighted the dichotomy between the powerful insiders at the ball and the day traders at home who profited from purchasing the coin early.