• 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

10 months 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

Tothemoon Provides Ongoing Support for Token Projects

chest

Tothemoon provides ongoing support for token projects after their launch, helping them attract new holders and build momentum.

user avatarJacob Williams

BNB Emerges as a Leading Large-Cap Altcoin

chest

BNB has solidified its position as a leading large-cap altcoin, with a market cap exceeding $12.65 billion.

user avatarAisha Farooq

Bitmine Immersion Acquires 54,156 ETH Worth $169 Million

chest

Bitmine Immersion has acquired 54,156 ETH valued at approximately $169 million, reflecting growing institutional confidence in Ethereum.

user avatarTenzin Dorje

Forward Industries Makes Bold Move with 200M SOL Deposit to Coinbase Prime

chest

Forward Industries has deposited 14 million SOL, valued at approximately 200 million, into Coinbase Prime, signaling institutional interest in Solana.

user avatarBayarjavkhlan Ganbaatar

Solana Staking ETFs Gain Traction Post-GENIUS Act

chest

Following the passage of the US GENIUS Act, there has been increased interest in Solana staking ETFs, with notable launches by Bitwise and Grayscale, despite SOL's price challenges.

user avatarMohamed Farouk

Lite Strategy, Inc. Reports Successful First Quarter and Launch of $100M Litecoin Treasury Strategy

chest

Lite Strategy, Inc. reported a successful first quarter, highlighting the launch of its $100 million Litecoin treasury strategy and a new corporate focus.

user avatarDiego Alvarez

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.