• 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

Sui Blockchain's Mysticeti V2 Achieves Subsecond Finality

chest

The Sui blockchain's Mysticeti V2 upgrade has achieved subsecond block finality, enhancing user experience and enabling new decentralized applications.

user avatarKaterina Papadopoulou

Mysticeti V2 Upgrade Enhances Sui Blockchain's Transaction Processing

chest

The Mysticeti V2 upgrade introduces a parallel processing structure that allows the Sui blockchain to validate and process transactions simultaneously, significantly improving throughput.

user avatarMaya Lundqvist

Sui Blockchain Achieves Unprecedented Transaction Speed with Mysticeti V2 Upgrade

chest

The Sui blockchain network has successfully implemented the Mysticeti V2 consensus engine, achieving the ability to process hundreds of thousands of transactions per second.

user avatarLeo van der Veen

Fund Managers Show Extreme Bullishness with Record Low Cash Holdings

chest

Fund managers show extreme bullishness with record low cash holdings of 32%.

user avatarLi Weicheng

Strategic Shifts Echo Broader Crypto Trends

chest

Farcaster's shift to a wallet-first model aligns with broader industry trends towards decentralized social networks.

user avatarAisha Farooq

Investor Payouts Unclear Amid 180 Million Acquisition

chest

The Farcaster community has expressed concern about the lack of clarity regarding the repayment of the 180 million raised from investors.

user avatarTenzin Dorje

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.