• 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

a year 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

Block Inc Projects Up to $500 Million in Restructuring Charges

chest

Block Inc expects to incur between $450 million and $500 million in restructuring charges related to workforce reduction, primarily due to severance and other costs.

user avatarDiego Alvarez

Block Inc to Cut Over 4,000 Jobs in Major Restructuring

chest

Block Inc has announced that it will cut more than 4,000 jobs as part of a broad restructuring plan.

user avatarElias Mukuru

Market Analysts Cautious Despite XLM's Recent Bounce

chest

Market analysts express caution despite XLM's recent price bounce due to derivatives positioning and technical indicators.

user avatarArif Mukhtar

Solana's Pacific Backbone Infrastructure Aims to Attract APAC Institutions

chest

Solana Company HSDT has announced the launch of Pacific Backbone, a low-latency infrastructure aimed at attracting APAC institutions.

user avatarGustavo Mendoza

Solana's Real World Asset Ecosystem Hits Historic Levels

chest

Solana's Real World Asset ecosystem has reached an all-time high of over $171 billion in total value, indicating significant growth and institutional interest.

user avatarKenji Takahashi

Ethereum Remains Undervalued Despite Recent Price Surge

chest

Santiment reports that Ethereum is still undervalued according to its MVRV Ratio, despite a recent price surge.

user avatarMiguel Rodriguez

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.