Donald Trump and
Melania Trump have launched their own cryptocurrencies, the meme coins named
$TRUMP and
$MELANIA. While $TRUMP has an astonishing worth of
billions of dollars, many cryptocurrency insiders and legal experts have raised concerns about the
ethics of such endeavours. The timing, just days before Trump's return to the White House, and their promotion are contributing to the price surge.
Rex Advisers and
Osprey are among the US issuers seeking approval to launch an ETF for the Trump meme coin. Concerns over Trump's 80% stake in his meme coin are highlighted by experts as a potential warning sign for investors due to the risk of a
prospective rug pull situation. Much to the discomfort of some blockchain leaders and experts, these meme coins demonstrate the unpredictable and volatile nature of cryptocurrencies. The
market cap of $TRUMP reached $9 billion and continued to fluctuate, adding to Trump's already significant wealth. Despite the backlash and skepticism,
over 7% of cryptocurrency users traded president's new meme coin in its first days. Novice traders and investors are advised to exercise caution and conduct thorough research before investing in such coins.
MEME Coin News Analytics from Sat, 18 Jan 2025 03:52:35 GMT to Thu, 23 Jan 2025 00:08:55 GMT -
Rating -1
- Innovation -5
- Information 8
- Rumor 1
