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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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- “Silver will slingshot to all-time new highs”—Rich Dad Poor Dad author Robert Kiyosaki says silver is currently more valuable than gold or bitcoin.
- Apr 03, 2025 at 11:45 am
- Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has weighed in with a strong endorsement for silver, calling it the hottest investment of today.
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