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Image Credit: Cryptopotato

Galaxy Digital, Ripple, and the $160M MoonPay Deal During the TRUMP Boom

  • Galaxy Digital and Ripple Labs provided loans worth $160 million to MoonPay during the launch of the Official Trump (TRUMP) meme coin.
  • MoonPay experienced a surge in trading volume on its platform due to the launch of TRUMP and Official Melania Meme (MELANIA) coins.
  • Galaxy Digital required MoonPay co-founder's net worth as collateral for the loan, and Ripple Labs wired the additional funds.
  • MoonPay repaid the loans and gained 750,000 new users during the TRUMP and MELANIA boom.

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