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Cryptocurrency News Articles
Melania Trump's 'Meme Coin' Announcement Slammed by Liberals and Conservatives Alike
Jan 20, 2025 at 10:23 am
Melania Trump was criticized on Sunday by both Democrats and Republicans after she announced the release of her "meme coin" for investors to purchase.
Melania announced the news on Donald Trump's social media platform, Truth Social. Trump shared the post, but it was quickly reported that her investment tool caused the value of his to drop by about 40%.
On Melania's post, some of her followers were not buying in.
One self-proclaimed "concerned citizen," @macgillacuddy, often reposts content from conservative sites. But on Sunday, she asked, "What's with the meme coins?"
"First Trump now Melania… we have some major issues to deal with and you think this is the appropriate time to sell coins?"
Peter Schiff, a stockbroker who has voiced support for Trump multiple times, said, "First, #Trump launched $TRUMP; now Melania has launched her own coin. I assume that soon the rest of the Trump family will be launching their coins."
"At least it's all above board, which is an improvement over how the #Biden family cashed in," Schiff added.
Conservative Heath Mayo called it a "scam."
On the other side of the aisle, liberal commentator Brian Krassenstein noted that the Trump family's decision made "$30 Billion evaporate."
"As soon as it debuted, investors dumped $Trump coin—released just two days ago—resulting in a staggering $30 billion loss in paper wealth for those who believed in it," he added. "This level of corruption and disregard for Americans' trust is beyond appalling. PERIOD."
Anti-Trump artist Art Candee added, "The corruption is absolutely astounding."
USC Law lecturer Ben Meiselas said, "Hey guys, Donald Trump didn’t bring peace to Ukraine as he promised but Melania Trump just dropped her own meme coin after Donald Trump dropped his and they are making billions. Sorry about those egg prices. Hawk Tuah the moon!!!"
One investment commentator, InvestmentKage, said, "88% of $MELANIA Meme coin owned by 10 people. This is straight up dumb."
"If you’re buying any of this you are straight up gambling," they added.
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- Bitcoin (BTC) Price Review – Bulls Take Control, BTC Breaks Above the Upper Bollinger Band
- Jan 20, 2025 at 08:05 pm
- Bitcoin, $BTC, posted a notable increase in today's session, as seen from its price movements. Looking at an in-depth analysis, we see that Bitcoin has broken above the upper Bollinger Band, suggesting high bullish momentum and possible overextension.
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- Ethereum Faces Potential Drop Below $3,000 as Demand Wanes and Competition Rises
- Jan 20, 2025 at 08:05 pm
- Ethereum, once a dominant force in the cryptocurrency market, is currently facing a shift in its demand dynamics, which could lead to a potential drop below the $3,000 threshold in the coming days or weeks.
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- Melania Trump's crypto coin soared to as high as 76% after Binance announced it will be providing trading support for USDT-base perpetual contracts for MELANIA
- Jan 20, 2025 at 07:55 pm
- MELANIA (MELANIA) is being launched on Binance through USDT (USDT)-based perpetual contracts with leverage of up to 25x.
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- Rollblock Expands Operations Amid Ethereum and Solana Price Rebound: What's the Winning Formula?
- Jan 20, 2025 at 07:50 pm
- The cryptocurrency market has been on the road to recovery, with Ethereum and the Solana price rebounding from recent slumps. Amid this broader market trend, the new Rollblock continues to expand their operations and offerings, catering to the renewed interest and confidence from investors and traders.
