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

Trump Criticized: Second Meme Coin Launch Sparks Controversy

user avatar

by Giorgi Kostiuk

10 months ago

President Trump has faced criticism for launching a second meme token, $MELANIA, just a day after $TRUMP, leading to accusations of greed.

Launch of $TRUMP Meme Token

$TRUMP became a significant event in the cryptocurrency market, with its price soaring and reaching a capitalization of $10.68 billion. This event garnered tremendous interest and discussions.

Rapid $MELANIA Launch

The launch of the second token, $MELANIA, occurred very quickly after $TRUMP's success, which drew criticism about inadequate planning and team greed. This move sparked negative reactions and financial repercussions for other tokens.

Launching a second meme coin so quickly after $TRUMP’s success reeks of greed.Jim Bianco

Opinions and Reactions

Critics like Jim Bianco and Ryan Selkis have voiced their strong opinions on the situation, arguing that the team's actions do not have Trump's best interests at heart and create negative optics. Further accusations of greed and possible wrongdoing add to the dissatisfaction.

They don’t know what they’re doing, and it cost you a lot.Ryan Selkis

Observers and experts express skepticism over the strategy of launching two meme tokens, raising questions about the long-term prospects and intentions of the team.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Uniswap to Execute Historic Burn of 155 Million UNI Tokens

chest

Uniswap is set to burn 155 million UNI tokens, representing 15.5% of its total supply, following governance approval.

user avatarLeo van der Veen

Ethereum Sharks Increase Holdings Amid Price Recovery

chest

Ethereum sharks have significantly increased their holdings, contributing to the recent price recovery of the cryptocurrency.

user avatarLi Weicheng

Providence: A New Era in OnChain Survival Shooters

chest

Dynasty Studios is developing Providence, a multiplayer survival shooter that emphasizes player-driven gameplay and blockchain-backed item ownership.

user avatarBayarjavkhlan Ganbaatar

Massive Bitcoin Options Expiry Today

chest

A significant batch of Bitcoin options worth 34 billion is set to expire today at 8:00 AM UTC, potentially influencing market sentiment and price action.

user avatarMohamed Farouk

Ethereum Options Expiry Adds to Market Dynamics

chest

660 million in Ethereum options are set to expire today at 8:00 AM UTC, suggesting stronger bullish sentiment among Ethereum traders and potential increased volatility in the market.

user avatarElias Mukuru

Warnings Issued Over Fraudulent Cryptocurrency Promotions Using Trump's Name

chest

Numerous social media promotions misuse Trump's name, claiming children can receive financial rewards through unverified accounts, raising concerns about scams.

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.