The Trump Family Tree of Memecoins Is Growing, and It's a Mixed Bag

Following the launch of the Donald Trump and Melania Trump memecoins, some industry players think there may be a whole Trump family tree of memecoins to come.

After the launch of the Donald Trump and Melania Trump memecoins, some crypto enthusiasts are speculating about a potential Trump family tree of memecoins.

Peter Schiff, a well-known financial analyst and Bitcoin critic, commented on the Trump memecoins, stating, “I suppose the rest of the Trump family will be launching their coins shortly. At least it's all out in the open, which is better than how the Biden family cashed in.”

Some crypto proponents shared images of Trump's family tree, suggesting that the family still has opportunities to launch more memecoins.

In case you missed $TRUMP and #Melania, here is the whole family tree of @realDonaldTrump, place your bets! pic.twitter.com/IfTu13ntcj

Check out more: Melania’s coin crashes Trump’s, rearranges CoinMarketCap homepage

Last week, a crypto ball was held before Trump's inauguration, during which a Trump memecoin, TRUMP, was launched. It reached a high of $75 and had a 24-hour volume of nearly $44 billion. Melania's memecoin, MELANIA, was launched a day later and caused Trump's coin to crash to $38.

Trump's World Liberty Financial, which received an additional $45 million investment from Justin Sun nine hours ago, reportedly purchased several Ethereum Name Service (ENS) domain names relating to Trump and his family.

These include barrontrump.eth, erictrump.eth, trumpcoin.eth, and worldliberty.eth, leading some to speculate about the possibility of more official memecoins from the Trump family.

Unsurprisingly, when opportunists created an unofficial Barron Memecoin, it soared in value, reaching a 24-hour volume of nearly $800 million before crashing. Unofficial tokens of Trump's five children—Barron, Ivanka, Eric, Donald Jr, and Tiffany—are now available.

The Trump memecoin phenomenon elicited varying responses online, with some praising the new president's openness to crypto and others questioning its ethical or legal implications.

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