• 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

Shiba Inu's Supply and Utility Issues Persist

chest

The enormous supply of SHIB tokens and slow utility development are hindering price growth.

user avatarSon Min-ho

Shiba Inu Faces Trust and Leadership Challenges

chest

Concerns about the anonymity of the development team and communication issues are raising skepticism among investors.

user avatarZainab Kamara

Former Coinbase Employee Arrested in Connection with Major Security Breach

chest

A former Coinbase employee was arrested in India for a major security breach involving bribery to access customer data.

user avatarAyman Ben Youssef

Nischal Shetty Shares Insights on Lessons Learned from WazirX Hack

chest

Nischal Shetty shares insights on lessons learned from the WazirX hack, reflecting on risk management and partnerships over the past 15 months.

user avatarTando Nkube

WazirX Resumes Operations Following Successful Restructuring

chest

WazirX, the Indian cryptocurrency exchange, has resumed operations following a court-approved restructuring process in Singapore.

user avatarKofi Adjeman

US Government Shutdown Ends After 43 Days

chest

The US government shutdown lasted for 43 days and ended on November 13, 2025, after President Trump signed a spending bill.

user avatarNguyen Van Long

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.