Ivanka Trump said Thursday a meme coin bearing her name is “fake” and likely poses risks to investors, as other tokens named after and promoted by her father, President Donald Trump, and First Lady Melania Trump dropped in value days after they went viral.
The biggest concern investors and industry leaders have with the president’s meme coin ventures is his large stake in the $TRUMP and $MELANIA coins.
The crypto market is very unpredictable. However, meme coins are even more unpredictable than other types of tokens. A meme coin can be up one day and then crash before the end of the next, and this is exactly what is happening with TRUMP and MELANIA meme coins.
Melania Trump is following in the footsteps of her husband, President-elect Donald Trump, in launching her own meme coin . "The Official Melania Meme is live!" the incoming first lady posted on social media.
President Donald Trump's return to office could be inaugurating a new landscape in cryptocurrency. Just two days after launching the new $TRUMP cryptocurrency meme ...
Donald Trump’s launch of his meme coin — coupled with low public understanding of crypto assets — could lead to financial losses from risky and speculative investments.
"$MELANIA has plunged 80% from its peak, hitting a record low of $2.57 after a major whale sell-off. A crypto whale cashed out, making a $42.7M profit, triggering a 32% drop in a day and raising concerns over the token's future," CoinMarketCap reported on Friday.
Cryptos bearing the names of Trump family members soared this week before it became clear they had no official connection to anyone close to the president.
Democratic lawmakers are asking federal regulators to look into legal and ethical questions around the meme cryptocurrency coins launched by Donald Trump.
John Deaton, who ran against Elizabeth Warren in the Massachusetts Senate race, talks about the state of politics on the national and local level,
Critics warn the token erodes any boundaries between the president’s political and business interests