• 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

Federal Judge Rules Against Trump Administration's Freezing of EV Funds

chest

A federal judge ruled that the Trump administration unlawfully froze $5 billion for electric vehicle charging stations, allowing states to proceed with their EV projects.

user avatarMaya Lundqvist

Avalanche's Subnet Ecosystem Gains Attention

chest

Avalanche's subnet ecosystem is attracting interest as developers seek scalable environments for their projects.

user avatarLeo van der Veen

Litecoin Remains a Reliable Option in Crypto

chest

Litecoin continues to be a stable choice for investors, especially during periods of market volatility.

user avatarLi Weicheng

Analysts Highlight Key Resistance Levels for Ethereum

chest

Analysts emphasize the importance of the $3,300 and $3,600 resistance levels for Ethereum's price movement.

user avatarAisha Farooq

Bitcoin's Growth Rate Difference Indicates Bear Market

chest

Bitcoin's Growth Rate Difference has been negative since late October, indicating a bear or consolidation phase in the market.

user avatarTenzin Dorje

Strategy Inc Surpasses 700,000 BTC Milestone with Major Purchase

chest

Strategy Inc has significantly increased its Bitcoin holdings, surpassing the 700,000 BTC milestone with a recent purchase of 22,305 BTC for approximately $213 billion.

user avatarMiguel Rodriguez

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.