In the crypto world it is only about Donald Trump, after the next president of the United States launched his own memecoin. It then shot up like a rocket, but suddenly encountered severe turbulence after his wife Melania Trump also launched her own currency.
In less than two hours she managed to reach a market cap of 6 billion dollars with that coin.
Market cap of $11 billion
At the time of writing, Melania’s coin has a market cap of $11 billion.
That is of course a huge amount, and you should also know that this is going to be a very volatile roller coaster. There is a good chance that this will end with crocodile tears for many people. So be careful with this kind of junk.
Don’t expect $TRUMP or $MELANIA to actually become major financial assets. Now the hype is just as great, but that is of course because Trump will become the next president of the United States.
In fact, he will be inaugurated today. Launching these tokens mainly seems like a way to become even more powerful and richer.
90% of the tokens in one wallet
The fact that these tokens are mainly launched to enrich the Trump family is also evident from the distribution of $MELANIA.
90% of the tokens are owned by one wallet and, according to Bubblemaps analysts, this does not entirely correspond to the distribution published on the token’s website.
Coinbase CEO Conor Grogan says on
But also know that Coinbase has to be careful what they say, because they are of course dependent on Trump in the coming years. In that respect, this is starting to become an uncomfortable situation.
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Source: https://newsbit.nl/trumps-memecoin-daalt-38-nadat-zijn-vrouw-melania-ook-een-munt-lanceert/
