A new Trump Health Index has appeared on Uniswap. This is curious, but it is definitely not a first in the crypto-verse.
Trump may not like crypto, but the crypto-verse sure doesn’t miss a chance to mess with him. As proof that anything can be tokenized – no matter how trivial or influential – a derivative has just appeared on Uniswap to track the President’s health: Please welcome the Trump Health Index (THI).
Little is known about this “project” beyond its name and evolution (and, of course, its smart contract). For purists, it should be an index that goes up when the market has a positive perception of the President’s health and down when the opposite is true.
The markets are not very optimistic. The token went down from $0.957 to $0.954 in a few hours. It corrected to $0.956 – perhaps in reaction to the President’s announcement on Twitter that he was feeling well – and then dropped again to $0.955.
It is no wonder why a Health Index would have some appeal for crypto traders. After all, the markets tend to be very volatile and prone to sentiment changes.
As Cryptopotato recently reported, Bitcoin experienced a sharp drop once the news spread out, but it remained relatively stable compared to previous events. BTC stayed over the $10.5k, and, right now, the world’s largest cryptocurrency is on the run for the most days over $10.000.