Donald Trump And Family Slammed For ‘’Greed’’ Over $TRUMP And $MELANIA Meme Coin Launches

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.

“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.”

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.

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.

Trump
backer
and
former
Messari
CEO
Ryan
Selkis
said
that
the


president-elect

should
“fire”
whoever
launched
the
$MELANIA
meme
coin. 

Dear

@realDonaldTrump:

Please
fire
whoever
recommended
going
forward
with
the
Melania
launch
today.

1.
They
don’t
know
what
they’re
doing.
2.
They
cost
you
a
lot
of
$
and
goodwill.
3.
They
don’t
have
your
interests
in
mind.

—
Ryan
Selkis
(d/acc)
????????
(@twobitidiot)

January
19,
2025

He
argued
that
the
team
“don’t
know
what
they’re
doing”
and
don’t
have
Trump’s
best
interests
in
mind.

Trump
Team
Being
Called
Greedy
For
Launching
A
Second
Meme
Coin

The
incoming
president
announced
the
launch
of
Official
Trump
(TRUMP)
over
the
weekend.
This
new
crypto
gained
instant
traction
in
the
market,
with
its
price
skyrocketing
from
a
debut
value
of
$0.18
to


trade

at
$58.87
as
of
2:00
a.m.
EST.

TRUMP’s
bullish
momentum
then
cooled
off
after
the
launch
of
Melania
Meme
(MELANIA).
Some
industry
observers
say
the
second
token
was
created
and
deployed
out
of
greed. 

“You
were
right
if
you
thought
the
smashing
success
of
$TRUMP
would
make
Trump
greedy,”
Bianco
Research
president
Jim
Bianco
said
on
X.

You
were
right
if
you
thought
the
smashing
success
of

$TRUMP
would
make
Trump
greedy.

He
tried
to
double
down
with
a
$MELANIA,
but
the
market
thinks
it
is
a
form
of
dilution
and
assumes/fears
that
Trump
has
tons
of
other
coins
in
the
wings
to
come.

https://t.co/t8AvVLZ0I3

—
Jim
Bianco
(@biancoresearch)

January
19,
2025

The
move
appeared
to
partially
backfire,
at
least
at
first,
with
$TRUMP
plummeting
after
the
launch
of
$MELANIA
on
fears
of
dilution.
$TRUMP
has
plunged
24%
in
the
past
24
hours.

According
to
Delphi
Labs
co-founder


José
Maria
Macedo,
the
new
token
was
launched
by
“insiders
who
helped
launch
$TRUMP”
and
either
felt
they
didn’t
buy
enough
$TRUMP
or
sold
too
early.

“They
rushed
to
run
it
back
with
$MELANIA
and
make
sure
they
filled
their
bags
this
time,”
Marcedo
said.
”In
their
greed
they
nuked
$30b
of
value,
transformed
the
optics
into
pure
grift,
and
probably
committed
a
bunch
of
crimes
too.”

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