• 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

Investor Hash Offers Secure Platform for XRP Investments

chest

Investor Hash offers a compliant and secure platform for XRP investments, ensuring user safety and transparency.

user avatarDavid Robinson

Bonk and Floki Maintain Steady Performance in Crypto Markets

chest

Bonk and Floki are maintaining steady interest in the crypto markets, with Bonk currently trading at 0.005915 and Floki at 0.000004728. Both coins benefit from strong community engagement and liquidity stability.

user avatarJacob Williams

Federal Reserve Makes First Major Policy Pivot with 25bps Rate Cut

chest

The Federal Reserve has made its first major policy pivot by cutting interest rates by 25 basis points, signaling a shift towards more accommodative monetary conditions.

user avatarAndrew Smith

Bitcoin Price Analysis Indicates Key Levels for Reversal

chest

Technical Reversal Analyst Dave the Wave identifies key levels for Bitcoin's price reversal, highlighting 110K as the invalidation point for the downtrend and support between 70K and 75K.

user avatarZainab Kamara

PBC Plans Policies for RMB Internationalization and Digital Currency Development

chest

The People's Bank of China (PBC) will focus on policies for RMB internationalization and digital currency development at the upcoming Central Economic Work Conference.

user avatarAyman Ben Youssef

PBC Highlights Digital RMB and Global Financial Governance

chest

The People's Bank of China (PBC) highlights the advancement of digital renminbi and its role in global financial governance.

user avatarSon Min-ho

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.