{"id":619587,"date":"2025-01-20T12:52:10","date_gmt":"2025-01-20T12:52:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619587"},"modified":"2025-01-20T12:52:10","modified_gmt":"2025-01-20T12:52:10","slug":"donald-trump-and-family-slammed-for-greed-over-trump-and-melania-meme-coin-launches","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/donald-trump-and-family-slammed-for-greed-over-trump-and-melania-meme-coin-launches","title":{"rendered":"Donald Trump And Family Slammed For \u2018\u2019Greed\u2019\u2019 Over $TRUMP And $MELANIA Meme Coin Launches"},"content":{"rendered":"
Incoming US President Donald Trump is facing a backlash over allegations of greed following the consecutive launches of the $TRUMP and $MELANIA meme coins over the weekend.<\/p>\n
“Launching a second meme coin so quickly after $TRUMP’s success reeks of greed,” said Jim Bianco, president of Bianco Research, in a post on X. “It’s clear the goal was to maximise profit rather than create value.”<\/p>\n
Both meme coins skyrocketed thousands of percent on launch and added billions to the wealth of the soon-to-be first family. Both tokens now rank among the top 10 meme coins, with TRUMP placed 3rd with a market capitalization of $10.68 billion and $MELANIA 7th with a market cap of $1.74 billion, according to CoinGecko.<\/p>\n
The hasty development of $MELANIA, with its launch coming a little more than a day after $TRUMP, prompted criticism over the lack of planning and foresight from the team.<\/p>\n
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Trump backer and former Messari CEO Ryan Selkis said that the <\/span>president-elect<\/span><\/a> should “fire” whoever launched the $MELANIA meme coin. <\/span><\/p>\n Dear @realDonaldTrump<\/a>:<\/p>\n Please fire whoever recommended going forward with the Melania launch today.<\/p>\n 1. They don’t know what they’re doing. — Ryan Selkis (d\/acc) 🇺🇸 (@twobitidiot) January 19, 2025<\/a><\/p><\/blockquote>\n\n
2. They cost you a lot of $ and goodwill.
3. They don’t have your interests in mind.<\/p>\n