• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MELANIA Meme Coin: Issues and Controversy

user avatar

by Giorgi Kostiuk

2 years ago

Messari founder Ryan Selkis urges President-elect Donald Trump to dismiss the team behind the MELANIA meme coin due to poor execution and financial implications for Trump.

Meme Coins Market Collision

On January 19, Selkis criticized the MELANIA project launch on X, noting it led to the TRUMP token’s value dropping by 50%, resulting in substantial financial losses.

Launch Criticism

Following its debut, TRUMP's market value hit $15 billion, threatening to become one of the top ten cryptocurrencies by market cap. However, after MELANIA's unveiling, TRUMP declined from $75 to about $38. Selkis voiced frustration over the lack of crypto-native expertise within Trump’s advisory circle.

He expressed willingness to help the new administration avoid similar mistakes in the future.

Greed Suspicions

Delphi Labs founding partner José Maria Macedo speculated that MELANIA's launch was driven by greed. He cited the token's unusual economic model and suspicious trading activities as potential supporting evidence.

The MELANIA meme coin situation highlights criticism and suspicions regarding insufficient expertise and potential vested interests, emphasizing the importance of thorough analysis and transparency in crypto initiatives.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bank of Canada to Finalize Stablecoin Regulations by 2027

chest

The Bank of Canada is expected to finalize stablecoin regulations by 2027, which is vital for Coinbase's operations and expansion in Canada.

user avatarMaria Gutierrez

Coinbase Aims to Transform into Comprehensive Financial App in Canada

chest

Coinbase Canada aims to transform into a comprehensive financial app, the Everything Exchange, integrating various financial services.

user avatarDavid Robinson

Payward and GTN Join Forces to Launch xStocks Globally

chest

Payward partners with GTN to expand xStocks globally, starting with Hong Kong-listed equities.

user avatarAndrew Smith

Odds of Crypto CLARITY Act Passing Drop Significantly

chest

Predictions for the passage of the Crypto CLARITY Act have dropped to 39% following the release of a new draft bill by Senate Republicans, reflecting uncertainty about the changes made.

user avatarJacob Williams

Grayscale Submits Form 8K for Solana Staking ETF with Cash Payouts

chest

Grayscale has filed a new Form 8K with the SEC for its Solana Staking ETF, allowing quarterly cash payouts of staking rewards to shareholders.

user avatarZainab Kamara

Arbitrum Foundation Proposes $43 Million Budget for 2027

chest

The Arbitrum Foundation has proposed a significant budget of $43 million for 2027 to support operational and growth initiatives, raising discussions on DAO funding strategies and questions about spending transparency.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.