Kapanlagi.com - The crypto world is once again in turmoil with the arrival of the latest memecoin inspired by Donald Trump, $TRUMP, launched just before his inauguration as US President. Although it initially surged with an impressive spike, the existence of this memecoin did not last long. Not to be outdone, Melania Trump, the First Lady-elect, also launched her own meme coin, $MELANIA, which unfortunately caused the price of the Trump coin to drop sharply.
This phenomenon has captured public attention, particularly regarding the impact and potential manipulation of the crypto market. The launch of these two coins has sparked significant speculation within the crypto community. Many are questioning the transparency of this project, especially since 80% of the $TRUMP tokens are managed by a group affiliated with Trump. Critics have even labeled this move as a "family business" that could potentially enrich Trump through the support of his fans.
Meanwhile, $MELANIA recorded a staggering market capitalization of $5 billion just hours after its launch. This success not only generated euphoria but also triggered fierce competition between the two tokens backed by this US leadership couple. Check out the complete information summarized by Kapanlagi.com, Monday (20/1).
The launch of the $TRUMP coin, based on the Solana blockchain, has shaken the international crypto world with the enthusiastic slogan "Fight, Fight, Fight". This coin recorded an extraordinary surge of up to 3,000%, skyrocketing its valuation to over $13 billion.
However, behind the euphoria, deep concerns have emerged regarding ownership concentration, with 80% of the total token supply controlled by groups affiliated with Trump, raising doubts about transparency and potential market manipulation. Additionally, Coinbase's refusal to support this token has further exacerbated the situation, leaving investors uneasy.
In less than 48 hours, the initial excitement faded as $TRUMP experienced a sharp decline, especially after the launch of the $MELANIA coin, turning this symbol of victory into a negative spotlight in the crypto world.
On January 20, Melania Trump shocked the world with the launch of her meme coin, $MELANIA, which quickly skyrocketed to over $5 per token and recorded a fantastic market capitalization of $5 billion.
The announcement, disseminated through her social media, immediately shook the crypto market, causing the value of $TRUMP to plummet nearly 40% in a matter of minutes due to massive sell-offs by investors switching to this new coin.
However, behind this success, sharp criticism emerged accusing the Trump family of exploiting the crypto community for their personal gain, adding to the drama in the increasingly heated world of cryptocurrency.
The $TRUMP meme coin project is under intense scrutiny in the crypto world, filled with ongoing controversies. With a striking concentration of ownership and doubts about the true intentions, many question whether this launch is genuinely to support the crypto community or merely a family business strategy.
A total of 200 million initial tokens are already available, with ambitions to issue up to 1 billion tokens in the next three years. Funding through non-US exchanges adds another layer of uncertainty regarding the legality of this project.
Furthermore, the launch of this coin is organized by CIC Digital, a subsidiary of the Trump Organization, which further strengthens suspicions that this initiative leans more towards personal profit-seeking than the collective spirit of the crypto community.
Amidst the emerging criticism, $TRUMP and $MELANIA have emerged as new stars in the crypto world, captivating the attention of Trump’s loyal supporters who see them as symbols of loyalty to the leader.
However, skeptical analysts view this move as a clever tactic by the Trump family to capitalize on their existing popularity.
Nonetheless, the future of these two tokens remains shrouded in uncertainty; will they endure as icons or simply get caught in a fleeting wave of crypto euphoria?
Challenges such as potential market manipulation, regulatory uncertainty, and the risk of significant losses for investors loom over the future of these coins.
The $TRUMP memecoin is a Solana-based crypto token launched by Donald Trump as a symbol of his political support.
The launch of $MELANIA caused $TRUMP to plummet by up to 40% due to massive sell-offs by investors.
This project is considered lacking in transparency because 80% of the tokens are controlled by Trump-affiliated groups, raising concerns about market manipulation.
Both have potential but also significant risks, including regulatory uncertainty and cryptocurrency market volatility.
The reactions were mixed, ranging from enthusiasm to sharp criticism regarding the transparency and goals of the project.
(kpl/rmt)
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