Quotes
I just lost all my Solana. I think I got scammed [by] Melania,
the user said
Trump has made a mockery of Bitcoin" following his TRUMP memecoin's launch, seemingly referring to how Trump "pumped" BTC during the Bitcoin conference in Nashville last year, only to end up launching his own coin
Investment manager Michael A. Gayed saidReminder: $MELANIA and $TRUMP are both going to $0 against #Bitcoin,
he wroteI am extremely proud of what we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth and I truly believe @WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance,
he wroteWhat do all the Bitcoiners who backed Trump think of this? Be honest. If your goal is to unite the country around Bitcoin this is the exact opposite of what you should want,
he saidThis is beyond insane. Less than 48 hours after its launch, $TRUMP erased $7.5 billion in market cap within minutes of $MELANIA’s debut.”
Analysts from The Kobeissi Letter commented
While it's tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora's box of ethical and regulatory questions,
said Justin D'Anethan, an independent crypto analyst based in Hong Kong
Should public figures, especially those with such political clout, wield this kind of sway in speculative markets? That's a question regulators are unlikely to ignore,
he saidThe Official Melania Meme is live! You can buy $MELANIA now,
Melania Trump posted on the social platform X on Sunday
The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun,
Sacks said, speaking on Friday at the so-called crypto ball event, intended to drive support for Trump among the crypto community and demonstrate its value to the incoming administration
This Trump Meme celebrates a leader who doesn't back down, no matter the odds,
says the coin's official site, which makes reference to the assassination attempt against the Republican in July 2024.
Is [it] healthy to have so much money tied up in what are essentially pyramid schemes?”
Fagel said
It’s absolutely preposterous that he would do this,
said Nic Carter, founding partner at the crypto investment firm Castle Island Ventures who describes himself as an “avowed and explicit” Trump supporterIt’s going to bite a lot of people in the ass — including people who believe in crypto,
a financial industry executive, who was granted anonymity because they are not authorized to speak publicly, said of the Trump memecoinTrump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol “$TRUMP” and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or governmental agency.”
The meme coin’s website included a disclaimer stating
Strong political and government endorsements of crypto, paradoxically, pose a threat to its decentralisation ethos and could ultimately undermine the appeal of crypto assets,
wrote Larisa Yarovaya, an associate professor of finance and director of the Centre for Digital Finance at Southampton Business School, for the Guardian earlier this monthThe clear difference with crypto is how quickly you can have a windfall,
said Kedric Payne, general counsel at the Campaign Legal Centre
Any effort the Trump Organisation was making to demonstrate they were concerned about potential conflicts, specifically where it comes to foreign governments — this seems to entirely undermine,
Brian saidMy NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW,
Trump wrote on Truth Social with a graphic of himself on the meme coin with the words "fight, fight, fight" as well as the website link to buy it
The Trump meme coin stuff is bad for the industry. Don't delude yourself. It's Idi Amin level corruption,
he wrote