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

Trump and Melania Cryptocurrencies Spark Controversy

user avatar

by Giorgi Kostiuk

a year ago

The launch of Trump and Melania's tokens has incited discussions in financial circles due to their rapid value increase and manipulation allegations.

Token Launch and Value Surge

The TRUMP and MELANIA memecoins grabbed the crypto community's attention with their remarkable market performance. Trump's coin quickly reached a market cap of $15 billion, prompting suspicions of market manipulation soon after Melania's token launch.

You were right if you thought the smashing success of $TRUMP would make Trump greedy. He tried to double down with $MELANIA, but the market sees it as dilution.Jim Bianco

Analysts' Reaction and Price Impact

The introduction of $MELANIA led to a sharp 40% drop in TRUMP's value. Financial analysts called it a major error, criticizing the developers' approach to launching the tokens. Concerns over the potential release of other tokens further heightened market tensions.

This was the largest unforced error at this critical time.

Binance Listing and Consequences

Despite the controversy, the TRUMP token was listed on Binance, with trading set to begin on January 19, 2025. Restrictions were imposed requiring new users to complete a risk-awareness quiz every 90 days.

The saga of the TRUMP and MELANIA tokens highlights the importance of a cautious approach to cryptocurrency investments. The market remains vigilant about the unfolding events and potential repercussions for investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum's Economic Value Could Reach Trillions, Says Analyst

chest

William Mougayar projects Ethereum's economic value could reach trillions, emphasizing its role as a public good rather than a profit-driven entity.

user avatarFilippo Romano

Ethereum Trading Activity Shows Signs of Recovery

chest

Recent analysis from CryptoQuant indicates that Ethereum trading activity on Binance is showing early signs of recovery.

user avatarEmily Carter

Hassett's Leadership Potential Mirrors Volcker's Focus on Independence

chest

Hassett's potential appointment as Federal Reserve chair draws comparisons to Paul Volcker's focus on monetary independence, which may enhance confidence in the Fed's political neutrality.

user avatarTomas Novak

Bitcoin Accumulation Continues Amid Market Caution

chest

Long-term buyers, including corporate holders like Michael Saylor, are accumulating Bitcoin despite a defensive short-term market sentiment.

user avatarKaterina Papadopoulou

Milk Mocha HUGS Presale Gains Momentum

chest

The presale of Milk Mocha HUGS is witnessing significant interest and investment, indicating strong community confidence.

user avatarMaya Lundqvist

Milk Mocha HUGS Enhances Community Engagement Through DAO

chest

The Milk Mocha DAO allows community members to participate in decision-making, enhancing engagement and shared direction.

user avatarLeo van der Veen

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.