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Controversy over Trump Coin and MELANIA Coin Scam, Messari Founder Calls on Trump: Please Fire the Coin Issuers
After the U.S. President-elect Donald Trump issued the meme coin TRUMP on 1/18, soon after, Melania Trump also issued the meme coin MELANIA to raise funds. However, the behavior of both of them issuing coins to raise funds based on their own fame has also attracted a lot of criticism. Ryan Selkis, the founder of the encryption research organization Messari, even called out to Trump on Twitter, saying, 'The project team for MELANIA's issuance did not consider it thoroughly at all. Please dismiss them immediately.'
Both Trump and his wife issued coins, and the combined market value of the two coins is close to 30 billion pounds.
The Trump couple successively launched meme coins, which were seen by the outside world as 'washing the plate.' After the release of MELANIA, Trump Coin immediately plummeted by nearly 40%, followed by MELANIA, which quickly halved in value from 1.9 billion to 1.1 billion, then rebounded to 1.8 billion USD. Currently, the combined market value of the two coins is close to 14 billion USD. Although there have been some withdrawals in between, the amount of money attracted is still amazing.
The market value of two coins has reached nearly 14 billion, an astonishing scale. Messari founder called on Trump and fired MELANIA project personnel.
The act of issuing coins by leveraging their own popularity is also endless. Some people think it's harmless, but others criticize it as speculation and harmful to social customs. Since the Trump couple issued coins, it has inevitably attracted criticism. For example, Ryan Selkis, the founder of the encryption research organization Messari, directly tweeted to Trump: 'The project personnel of the issuance meme coin MELANIA don't even know what they are doing. They not only damage their reputation but also disregard the interests of others. Please dismiss these people immediately.'
Messari founder tweeted to Trump to fire MELANIA project personnel. Not only Messari, other industry professionals also criticized the Trump couple.
Some industry insiders claim that the Trumps are destroying their own reputation, and the plan to raise prices for shipment is exactly what they would do.
Industry financial analysts criticize Trump for inflating exports and damaging his own reputation.
José Maria Macedo, co-founder of the research company Delphi Labs, believes that the popularity of Trumpcoin may catch insiders off guard, leading to situations where they have not bought enough or sold too early, prompting them to launch MELANIA again to replenish. Macedo criticized the Trump team for allegedly illegally using meme coins to hype and make money, which is completely unacceptable.
Macedo criticized Trump's family on Twitter.
This article Trumpcoin and MELANIA coin sparked controversy over fraud. Messari founder calls on Trump: please fire the coin issuance personnel. It was first appeared on ChainNews ABMedia.