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tldr; The team behind the Official Melania Meme (MELANIA) token sold over $1.5 million worth of tokens in three days, employing a dollar-cost averaging (DCA) strategy. Despite the sales, MELANIA's price recovered by 21% in the past week but remains 96% below its all-time high. Meanwhile, a whale investor opened a $1.33 million short position on the Trump memecoin. Memecoins remain a significant investment narrative, though their popularity appears to be waning, as seen in declining activity on memecoin platforms. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Smart regulations hasn't killed innovations anywhere else. There's still innovations in the nuclear sector. There's innovation in space engineering. There's innovation in the financial sector. There's innovation in the medical science field. That somehow crypto is special and requires a lack of regulation to innovate is ridiculous and is just nonsense. Bad faith actors want it deregulated to keep operating their black market operations free from oversight, that's all. There's nothing preventing innovation from any oversight from the SEC to reduce insider trading and scams. Would preventing the POTUS from using TRUMP$ and MELANIA as a money laundering tool stymies innovation in anyway?
Didn't all the exchanges list TRUMP/MELANIA coin and ran promotions on them?
after great success of $TRUMP and $MELANIA, I'm launching [COIN_NAME_HERE]
Crypto felt like it was at a morale low when TRUMP and MELANIA were released.
tldr; The MELANIA meme coin has plunged to an all-time low of $0.38, down 97% from its peak of over $13. This collapse follows insider sell-offs, with the core team offloading over 23 million tokens worth $14.75 million in the past month. On-chain analysis reveals wallets linked to the team control 92% of the supply, raising concerns about market manipulation. The sell-offs and centralization have fueled suspicions of insider dumping, contributing to the token's sharp decline amid broader weakness in the meme coin sector. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Unless you can show me people who bought TRUMP or MELANIA for the tech, I'm gonna say we need a few more nines
Some have called the MELANIA token the beginning of the end of memecoins.
tldr; Solana experienced a surge in activity due to the launch of meme coins like TRUMP and MELANIA, driving transaction fees to $32 million and SOL's price to $293. However, the hype quickly faded, leading to declines in active users, trading volumes, and network revenue. Analysts suggest Solana's long-term potential lies in DeFi, stablecoins, and developer activity, rather than meme coins. Despite the volatility, Solana's infrastructure and ecosystem fundamentals indicate sustainable growth beyond speculative assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I too have some prime beachfront land for sale - in Nigeria. I accept USD, $FART, $MELANIA, NFT's, and beanie babies.
$TRUMP and $MELANIA to become legal tender, this is dumbest timeline
Anyone want to buy a Bored Ape? I will accept $MELANIA, $FART or BTC. I paid $200k but will accept $3k.
Any other presidency pre-2016 they would be impeached and removed from office for blatant corruption and insider trading. Now laws no longer apply to us presidents. Case in point $TRUMP $MELANIA coins not being investigated and impeached months ago.
Nevermind the team offloading $MELANIA through liquidity adds and pulls. They’re up to $4.2m over the last 25 days lol. Crime Season is still on. https://imgur.com/a/Yfz8I6b
Anyone who lost money or TRUMP or MELANIA is an idiot and deserves to lose their money.
I am still holding MELANIA. Do you think it will go up now Trump is President and is so populaR?
\>MELANIA's value has plummeted 95.4% since its launch, leaving retail investors exposed and questioning market fairness. I would be questioning those "investors'" intelligence.
tldr; Blockchain analytics firm Bubblemaps revealed that over $30 million worth of Melania Meme (MELANIA) tokens were quietly sold by the project team, with funds moved from community wallets. The Solana-based token, linked to Melania Trump, has seen significant sell-offs, raising concerns about transparency and insider trading. Hayden Davis, associated with the project, has been linked to similar pump-and-dump schemes. MELANIA's value has plummeted 95.4% since its launch, leaving retail investors exposed and questioning market fairness. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
10 percent is nothing to worry about. It's when you're down close to 40% that it's becoming hard to watch. Oh well. Trump is good for crypto. Volatility is great. Do not forget to stock up on TRUMP$ and MELANIA. /s
Just wait for the PoopsWithDinos to dip even more harder and buy that one instead, right now it's sitting at a solid foundation of zero. I don't think it can go any lower! Another options are, EloNNailsDogandRaisesHand and wassaWassaWassaCarlooooooooos. If that fails you have a final IQ test and that's buying $TRUMP and $MELANIA GL!
In times like these I'm always wondering how's $MELANIA doing and has she even said thank you once for going down so hard. Also, my heart goes out to the rest of $TRUMP who are winning so hard in chasing out all those subzero profits. So much winning I impose 10% base tariff on all today's profits!
The meme coin [purchase link](https://melaniameme.com/) shared by Melania Trump includes a disclaimer stating that the tokens are “digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork.” The note then adds that the meme coins are not intended to be “an investment opportunity, investment contract, or security of any type.” \~Forbes Magazine 1/20/2025 Sounds pretty straight forward to me? 🤷♂️
Canada and Mexico already had a 25% tariff on automobiles, Canada had a 25% on steel and aluminum and we now have a 10% tariff on everything. Taiwan has a 34% tariffs on everything, meaning all your tech is now more expensive to produce since most Asian countries are affected by similar tariffs and the US has neither the capacity, nor the talent to produce microchips like Taiwan does. The CHIPS act was designed to help the US get back in the game over the long term, rebuilding an industry, inciting young Americans to study in these fields, but Trump scrapped it, as well as any incentive for private industries to invest in the US. China had already closed the technological gap with the US, now it's going to take the lead and there's nothing anymore you can do to take it back. The entire US will slowly glide in a 3rd world country status, with California's GDP descending toward the average red state. America will be unable to sustain the size of its military, investors will balk at using their treasury bonds as secure investments turning elsewhere instead, foreign markets will close to US business faster than they already are (the Americans are already getting expelled from Africa since Trump's first term, now Asia is closing to them, Canada is shutting down as a market and Europe will be next). But, hey, you got TUMP$ And MELANIA! All is great! And you'll have some luxury cars built in the US that 95% of you won't be able to afford :)
This. Same with TRUMP and MELANIA coin etc. If you get crypto rugged you’re just an idiot. Save the time and send me the money instead 😂
If TRUMP having a $10B marketcap and MELANIA having a $600M marketcap aren't indicators that the market is still 10X overvalued, I don't know what is.
Yeah the $TRUMP and $MELANIA bullshit was too much and I literally sold everything when it happened. The industry is such a joke and I don't want my hard earned money anywhere near it.
Isn’t $TRUMP & $MELANIA using the solana blockchain
At least they're serious about it and didn't go YOLOing into random memecoins... oh, right, except that long on MELANIA and HYPE before buying some ETH. Their adding to the position has lowered the liquidation; it's \~85.5k now where it was 86.1 before.
I'm not 100% sure what this means, but for someone to be Long MELANIA and short BTC is mind-boggling to me. Doesn't that mean he's betting on BTC going down and MELANIA going up?
I don't know what I'm supposed to be seeing but they're longing MELANIA right now.
TRUMP was like a shotgun blast to the torso. But MELANIA was the kill shot to the head.
tldr; Hayden Davis, linked to controversial cryptocurrency launches like LIBRA and MELANIA, has introduced a new token called WOLF despite being under an Interpol notice. Blockchain analytics firm Bubblemaps and YouTuber Coffeezilla traced fund transfers to confirm Davis's involvement. WOLF, promoted by WallStreetBets, reached a $40M market cap before collapsing in a suspected 'rug pull.' Investigators revealed Davis controlled 82% of the token's supply and had prepared for the launch months in advance. Legal scrutiny continues as authorities pursue international action against him. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>Hayden Davis, the alleged mastermind behind the controversial LIBRA and MELANIA token launches, has created a new cryptocurrency called WOLF. > This is a token that appeared to be associated with Jordan Belfort, a former stockbroker who inspired the Martin Scorsese film “The Wolf of Wall Street.” What audacity! I hope he gets caught soon!
Anyone telling you that MELANIA TRUMP and LIBRA are fair launches is factually right of course... Memes were made to stop the VC grifters but the grifters started to make memes so good luck with your emems and may the odds be ever in your favor.
All in on TRUMP and MELANIA coin, thanks for the wisdom.
There is so much idiocy in this post it's hard to figure out where to start. Let me start with this one: the day before his inauguration, Trump launched a rug pull. On his own followers. Do you think that the broader public seeing that trusts crypto more or less after $TRUMP and $MELANIA? I'll leave the other things you mention to othther foljks but I will correct one more idiocy: an executive order is not "signed into law". Congress makes the laws, congress controls the purse strings. That's constitutional. The SBR is not a thing no matter how many performatively sharpy signed papers Trump shuffles around. Until/unless congress passes a bill with both the senate we're not buying magic beans with our tax dollars.
Never bought even a dime of $TRUMP or $MELANIA. Some weeks before they launch, I've seen some news about Elon Musk promoting a coin, lots of people buying it, and them "some mysterious wallet" rugpulling it. When I've seen these coins, I've thought that he was also behind them, and didn't buy it. Well, it wasn't him, but anyway the ending was the same as before, so, guess it's a win...
In January 2025, former U.S. President Donald Trump launched a cryptocurrency known as $TRUMP, a memecoin that quickly garnered significant attention. The initial sale of 100 million tokens occurred before the token's value surpassed $1.05. At its peak, Trump-linked accounts held $831 million in $TRUMP coins, estimated at $10.8 billion. However, the venture faced substantial criticism. Ethics experts and government watchdogs expressed concerns over potential conflicts of interest, especially given Trump's political influence. Some analysts likened the project to a "rug pull," where a coin is launched and quickly abandoned, leaving early investors with significant losses. Notably, a forensic analysis commissioned by The New York Times concluded that approximately 813,294 wallets collectively lost $2 billion trading the coin, while the president's company and partners profited about $100 million from trading fees. The controversy intensified when Melania Trump launched her own token, $MELANIA, shortly after $TRUMP's release, leading to further declines in $TRUMP's value. This sequence of events led to widespread condemnation from ethics experts and raised concerns over conflicts of interest. Members of Congress have since called for investigations into the matter. In response to these developments, Representative Sam Liccardo introduced the Modern Emoluments and Malfeasance Enforcement Act (MEME Act), aiming to prohibit the issuance or endorsement of any financial asset by the president, senior White House officials, or members of Congress, including their immediate families. While the exact figures regarding total investor losses vary, it's evident that the $TRUMP meme coin's collapse resulted in substantial financial setbacks for many supporters and investors.
Yeah I mean in hindsight I think $TRUMP and $MELANIA were a big mistake and give off big 'top' vibes, but who's saying they don't come roaring back like everything else could in a few months? All of a sudden, all that capital traders lost on $TRUMP is back to square one (if they held- still are 641k holders) and people have purchasing power once again... and leave $TRUMP? I'm torn on $TRUMP because it objectively was terrible for the market but if you were holding SOL or got in on $TRUMP early, it was a once a cycle opportunity. I was one of the lucky ones who got in within an hour of his post and ended up profiting over 50k and cashing out so for me, everything in the market right now is house money and I'm just riding the wave (it does sting a bit though as at the peak, my portfolio was valued at 170k or so and now I'm down to 10k but that's crypto for you)
Right? I told a buddy of mine that there's some longstanding problems in the space that need to be addressed and that Trump's embracing of the space probably wouldn't account for much if all he does is deregulate things and so crypto would probably start a downturn shortly after his inauguration. He... apparently took my advice (and has been asking nonstop when he should "get back in")... but I did not, mostly because I'm up a lot but still nowhere near my personal ATH and so I thought I'd just see how things play out. Now I've found myself repeatedly saying "if it gets back up to where it was last week, then I'll pull more out. But for now it's a slow-scale decouple". So yeah, unloaded about $5k in $ADA two days ago, may do another 5 in $BNB today, and might even look at scaling more into $BTC while I'm at it. But if all the Trump admin does this cycle is de-regulate, embrace all the worst aspects of the space (look at $TRUMP and $MELANIA), and use it to usher in a new golden age of fraud, then I think it's just going to keep getting worse from here.
I swear the crypto community is so allergic to regulation that they voted for the scammer in chief. If you want the mainstream to take crypto seriously, TRUMP coin and MELANIA coin is the opposite thing to do.
So how much of your net worth is in $TRUMP meme coin? You diversity at all with a bit of $MELANIA ?
Not enough TRUMP and MELANIA for my touch.
u should add some from US tactical reserve and MELANIA
Guys there is free money glitch. just short MELANIA at any price. this will go to 0 100%
he probably gave a tip or two to the TRUMP and MELANIA team
It’s not TDS when you look at TRUMP and MELANIA memecoins where he grifted $10B worth before the prices crashed 92%. Trump bibles, NFTs, steaks, hats, cmon it’s obvious he is in it for the quick buck
it's really quite disgusting.. Then you've got the TRUMP and MELANIA meme coins, absolutely disgraceful. total pump and dump, rinsing his supporters of their hard earned money.. and then last weekend's fiasco with "some trader" (Erik Trump if I had to guess) opening up a $200 million long position, hours before Trump's reserve announcement, a position that in normal circumstances was nearly guaranteed to be liquidated, and then making nearly 7 million profits by selling hours after the announcement.. insiders, grift, it's all the same, and now POTUS and his family are taking part in it..
You can trust Trump to make it one. He is goin to have Bitcoins in the reserve backed by $TRUMP coin, backed by $MELANIA coin! He is a financial genius! ^(Also convicted for financial crimes!)
TRUMP, MELANIA, kings families Memecoins, LIBRA, Congress member memecoins, pump/dumps based on some mumbojumbo orange guy is saying
Of the initial 200mn, some 158mn coins were deposited into a liquidity pool. This allowed traders to buy the Trump tokens on the open market in exchange for USDC, a stablecoin widely used in crypto markets as a substitute for the dollar. The blockchain analysis shows Trump wallets later withdrew the USDC they had earned from the sale of the tokens, then placed $291mn worth of USDC back on to another liquidity pool — a move that would help support the market. The scheme is likely to have made more money from other transactions. They sent about 14.7mn Trump coins to 10 different cryptocurrency exchanges including Binance, Bybit and Coinbase. Trump-linked wallets currently hold 31mn of the original 200mn. While the value of $TRUMP soared to a high of $75 a token, FT analysis shows the first 100mn tokens were sold before the price reached $1.05. The value of the coin has since plunged 82 per cent from its peak to trade about $13, meaning the stock of 831mn $TRUMP coins held by Trump-linked accounts currently has a notional value of $10.8bn. The president has faced criticism for encouraging retail traders to buy a volatile token. “GET YOUR $TRUMP NOW,” he posted on social media platform X in January, alongside a link to the website. He has also paved the way for other government officials to promote other memecoins, which give holders a claim to nothing except their belief in the promoter, and whose values have also plunged. The presidents of the Central African Republic and Argentina last month both publicly touted new crypto tokens, only for their values to rapidly collapse, leaving thousands of investors facing losses. The $TRUMP coin team appears to be conscious of the danger of a price crash. When Melania Trump launched her own token — known as $MELANIA — two days later, it sent the price of $TRUMP plunging. As the price of $TRUMP dropped, they spent $1mn on buying their own token at $33.23 apiece in an apparent attempt to stabilise the price, the FT found. Nicolas Vaiman, chief executive of analytics firm Bubblemaps, said it appears “they wanted to protect the price”. He added: “It’s something that is pretty \[common\] in crypto as a whole: using their own treasury to defend the charts.”Trump and Melania’s tokens also inspired more than 700 copycats seeking to profit from association with the presidential family, the FT previously revealed.
Project 2025 is definitely happening with 38% implemented so far and numerous 2025 contributors working in the Whitehouse now: https://www.project2025.observer/ TRUMP and MELANIA meme coins are both obvious scams. Everybody Trump has involved in crypto "regulation" is personally invested in their own specific coins. Solana in particular is heavily invested in by Trump insiders particularly David Sacks.
after $TRUMP and $MELANIA i think it is to get money from people
Someone smarter than him has realized how easy it is to manipulate. TRUMP-coin and MELANIA-coin were tests, then someone examined how much fluctuation rumors cause, what happens when whales buy etc etc.
Yes, YES! Let's make it all easier for scams like TRUMP COIN and MELANIA COIN to take place with zero accountability ever.
tldr; Donald Trump supporters reportedly lost $12 billion after the collapse of the $TRUMP meme coin, which saw its value plummet by 80% since its January 17 launch. Initially peaking at $73.43, the coin's value dropped to $11.27, with Trump's own holdings losing $50 billion. The collapse is part of a broader downturn in cryptocurrency, including Melania Trump's $MELANIA coin. Critics, including Rep. Sam Liccardo, are pushing for legislation to prevent public officials from profiting off meme coins, citing concerns over corruption and insider trading. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Need you ask? Honestly, after the DJT, $TRUMP, and $MELANIA rug pulls, and after Trump's entire professional career built on scamming people in zero sum deals, need we ask whether he's manipulating the market? Of course he's manipulating the market; that's like the whole point of his entire presidency -- manipulate markets, raid the treasury, and protect himself from prosecution.
tldr; Donald Trump supporters reportedly lost $12 billion after the collapse of the $TRUMP meme coin, which saw its value plummet by 80% since its January 17 launch. Initially peaking at $73.43, the coin's value dropped to $11.27, with Trump's own holdings losing $50 billion. The collapse is part of a broader downturn in cryptocurrency, including Melania Trump's $MELANIA coin. Critics, including Rep. Sam Liccardo, are pushing for legislation to prevent public officials from profiting off meme coins, citing concerns over corruption and insider trading. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bullshit! Op wants to buy all the coins cheap for himself! I will hold my MELANIA forever!!!
But what about TRUMP, and MELANIA tokens?
tldr; Donald Trump supporters reportedly lost $12 billion after the collapse of the $TRUMP meme coin, which saw its value plummet by 80% since its January 17 launch. Initially peaking at $73.43, the coin's value dropped to $11.27, with Trump's own holdings losing $50 billion. The collapse is part of a broader downturn in cryptocurrency, including Melania Trump's $MELANIA coin. Critics, including Rep. Sam Liccardo, are pushing for legislation to prevent public officials from profiting off meme coins, citing concerns over corruption and insider trading. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
this is huge for crypto, it means we aren't going to be getting an ELON coin, despite what people predicted after the TRUMP and MELANIA fiasco
>the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million.
tldr; A crypto trader incurred a $15.68 million loss after selling nearly 14 million Melania (MELANIA) tokens, the official memecoin of Melania Trump, which they had purchased for $30 million. Another trader lost $3.73 million on MELANIA trades. The token is down 93.5% from its all-time high. Similarly, a whale trading the TRUMP memecoin, linked to Donald Trump, faced a $24.4 million loss. Both tokens have seen significant value drops, and legislation is being proposed to prevent lawmakers from profiting off meme assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The MEME Act, introduced by Democratic Congressman Sam Liccardo, seeks to ban public officials and their families from issuing, endorsing, or benefiting from cryptocurrencies, including memecoins. The act targets figures like the president, vice president, and members of Congress, aiming to prevent conflicts of interest and economic exploitation. Tokens linked to Donald and Melania Trump, such as $TRUMP and $MELANIA, have seen significant value drops, impacting investors. The act proposes penalties for violations and reflects growing interest in regulating political involvement in digital assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Well, that and highlighting the low barrier to entry with $TRUMP and $MELANIA coins.
The thing about being a contrarian investor is every piece of garbage can reach a price so low where you have to start asking, "ya know...maybe there's something to this MELANIA. she could run for president or something!" Also it's entertaining how irritated people get over it compared to other much more malicious P&D schemes backed by armies of bots and shills which pig butcher dummies over the course of months/years, not days
By then MELANIA would prolly be at 0.00045
I am sitting on $56k of $MELANIA. Dont talk it down./
MELANIA under $1, best kept secret this bull run?
What with Americans buying into what the orange grifter says? The man bankrupted 3 casinos. And has sold NFTs scam, world liberty cant be redeemed scam snd $TRUMP and $MELANIA scam. He has been a public figure for decades and is famous for not paying people who do work for him- relying on the little guy not having th resources to fight him in court. He is convicted of 34 crimes - many FRAUD related. And people are still putting faith and money into what this orange grifter says or does?
nah you'll feel like bitcoin is still too expensive and youll switch to memecoin shorting "until bitcoin drops" im going into the same rabbithole rn dont lie to urself SHORT MELANIA TO 0
You have a great point, and I agree there are better options right now. Solana’s tech is solid, but lately, it’s been a mess with coins like $TRUMP, $MELANIA, and the flop of some hyped NFTs. Add in the occasional network issues, and it’s hard to ignore the red flags.
tldr; Solana has lost a third of its market capitalization, signaling a potential end to the recent memecoin craze. Many memecoins, including TRUMP and MELANIA, have seen significant declines, with some losing over 90% of their value. The hype around memecoins has waned as investors grow wary of their lack of utility and long-term value. While memecoins have cycled in popularity since 2013, the current downturn suggests the latest 'memecoin season' may be over, though future resurgences remain possible. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I would say bearish lalo na sa $SOL since magttp yung mga tumalpak sa $TRUMP at $MELANIA
Twice (MELANIA and TRUMP) and never forget his NFTs
what a noob you’re supposed to put your name on the meme coin if you want to rug ppl… MILEI coin, MELANIA coin, TRUMP coin etc
TRUMP, MELANIA, and LIBRA did a lot of damage
Thank God for Trump and his $TRUMP and $MELANIA and $BARRON. Where would the crypto community be without him? There's a reason we haven't and won't see alt season anymore, and Trump definitely contributed to that, alongside every other grifter that followed him into crypto to make a quick buck. Every fucking thing Trump touches goes to shit, including the US and crypto.
Hayden confessed that he was part of the $MELANIA token and he meet the other people involved at Trump's CryptoBall. A few days later, Trump announced the token on his Twitter so hard to say he wasn't involved and I really don't believe he didn't profited (even indirectly) from the rug.
tldr; On-chain evidence and investigations have linked the LIBRA token to the MELANIA meme coin issuers, suggesting the same entity orchestrated both projects. The LIBRA token, endorsed by Argentine President Javier Milei, surged in value before crashing, similar to the MELANIA token. Blockchain analytics revealed interconnected wallet activities, indicating profits from one scheme funded the other. KIP Protocol and insider Hayden Mark Davis have conflicting accounts of their involvement, with Davis admitting to orchestrating both launches. The scandal has led to fraud charges against Milei. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I'm going all in on MELANIA 2028. Plenty of time to DCA, not much time for it to be still cheap.
Have you tried buying burgers with FARTCOIN or MELANIA coin? Maybe one day you will. This is very intelligent, innit?
https://bitpinas.com/cryptocurrency/insider-trading-coffeezilla-libra-manipulation/ Same team that launched $TRUMP and $MELANIA * Davis said people involved in $Melania are also involved in the $Libra token launch. * He also said the Trump token was offered to those who were at the crypto ball (before Trump’s inauguration) last month.
tldr; Bubblemaps has presented new on-chain evidence suggesting that the team behind the controversial Libra (LIBRA) meme coin is the same group responsible for launching Melania (MELANIA). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Blockchain analysts have linked the LIBRA meme coin to other controversial cryptocurrency projects, including MELANIA. Investigations suggest LIBRA's market maker, allegedly based in Delhi, controlled multiple tokens involved in pump-and-dump schemes. These schemes led to rapid price increases followed by crashes, leaving investors with losses. The LIBRA token, briefly endorsed by Argentina's President Javier Milei, saw a surge and subsequent collapse, prompting accusations of market manipulation. KIP Protocol and Kelsier, linked to LIBRA, deny wrongdoing, while the controversy continues to unfold. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Buying MELANIA was the first mistake… it’s pretty much all anyone needs to know 🫠
tldr; Hester Peirce, head of the SEC's Crypto Task Force, stated that memecoins are unlikely to fall under the SEC's jurisdiction due to current regulations. In a Bloomberg interview, Peirce mentioned that many memecoins, such as $TRUMP and $MELANIA, do not fit within the SEC's oversight. She also noted that it is premature for the SEC to set a crypto regulatory agenda without a Senate-confirmed chair. The SEC is currently scaling back its crypto enforcement unit, with some lawyers being reassigned, indicating potential internal disagreements on crypto regulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I used to hold SOL but I don't anymore. A lot of people hold it as their middle range market cap coin, I think. I just don't like it. We saw what happened to TRUMP and MELANIA, meme coins on the Solana block chain. Solana couldn't handle it when volune was crazy. I can't really tell when/if it's going to pop bc it didn't follow the 2021 bull run pattern of most coins. If it were me, I would sell it off when I recoup losses, and put that money into an ISO 20022 crypto.
I didn't say the bottom one million. Just look at the top 100. And I will even exclude DOGE. Look at SHIB, PEPE, TRUMP, BONK, FLOKI, MELANIA, and WIF. These alone suck $20B out of the space. Then of course, are the millions you suggest that pump, dump, suck capital from everything else, and make headlines that keep new people from entering the space, because all they see crypto as is a scam.
**Trump’s memecoin inspires wave of copycats** *More than 700 coins deposited into US president’s wallet in apparent attempts to suggest his endorsement* [https://www.ft.com/content/831919a9-47b0-4ac3-bcdd-5154c27d9f9c](https://www.ft.com/content/831919a9-47b0-4ac3-bcdd-5154c27d9f9c) Donald Trump’s new cryptocurrency has sparked a flood of imitators, with more than 700 copycat and spam coins sent to his digital wallet by people apparently seeking to suggest their creations have his endorsement, leading to warnings that investors risk being duped. The findings are the result of a Financial Times analysis after the president and his wife Melania launched memecoins, which lack practical use and whose value is entirely underpinned by speculation, days ahead of his return to the White House last month. The FT found 736 different memecoins that have been deposited in the official Trump coin wallet over the past three weeks. Among them, nearly 200 — including “OFFICIAL TRUMP” and “OFFICIAL MELANIA” — are named after Trump or members of his family but have no connection to the president By creating a memecoin, Trump has “opened the floodgates to deception . . . and at a minimum to rampant speculation,” said Eswar Prasad, senior fellow at the Brookings Institution. He added that ordinary investors buying the copycat coins “just exposes them to enormous risk.” The FT analysed the holdings of the official Trump coin wallet, which is controlled by entities backed by the president and holds 80 per cent of his token, with the aim of releasing them to investors in the future. After the real Trump coin was launched, the first so-called copycat coin was minted within 30 minutes, underscoring how rapidly creators sought to benefit from Trump’s interest in crypto. Memecoin creators are taking advantage of a function in Solana — the blockchain that underpins Trump’s memecoins — that allows users to dump new coins into another wallet without needing permission. Anyone can create a memecoin, with online generators helping users make them without needing any coding skills. Appearing in a high-profile wallet such as the official Trump reserve increases the visibility of tokens and the possibility that traders may confuse them for official coins, or may give the illusion of official Trump backing, which could push up the price. “For the uniformed investor it’s very difficult to separate the genuine projects” from copycat coins, said Omid Malekan, adjunct professor at Columbia Business School. Of the 192 tokens named after Trump or members of his family, 167 are copycat coins, while 67 use the word “official” in their name. There are 35 coins that contain the words “Elon” or “Musk” in their name, in apparent reference to the Tesla CEO and Trump ally. Members of Trump’s family who have not launched their own cryptocurrencies have also inspired unofficial coins that were dropped into the official wallet — 30 contain the word “Barron”, 26 contain the word “Ivanka” and ten contain the word “Eric”, referring to the president’s children. Twelve memecoins using the word “Melania” have also been deposited in the Trump wallet. None of these is the real $MELANIA coin, the only other official memecoin launched by a Trump family member.
Next month, let there be no mistake who was generously GIVING you $ONDO. It’s a different strategy than Shitcoins ($CATSRATCH, $FROGFART) or SpecialNeedscoins ($TRUMP, $MELANIA). It’s just the leader in the biggest sector ahead.
A mysterious "insider" [made almost $40 million](https://www.chaincatcher.com/en/article/2163515) from $MELANIA pretty much right away. The market cap of DJT stock, released years ago, is over $6 billion. The entire presidential salary from four years is less than 1% of that. It's textbook virtue signaling for people who don't pay attention.
Losing billions? Research who owns the shares/coins in $DJT, $TRUMP and $MELANIA. Open your eyes.
Is that why $TRUMP and $MELANIA are taking off? Dang it, shouldn't have bet the farm on USDCoin
US government will start sovereign trading fund, buying Bitcoin to lend legitimacy, DOGE, TRUMP and MELANIA. Till it dumps