Trump and Melania Meme Coins Interacts to Crypto Community as Market Swells

Meme currencies have now officially entered the schema. &nbsp,

Just a day before President-elect Donald Trump’s inauguration as the 47th U. S. President, he and his wife, First Lady Melania Trump, have dropped their meme coins, Official Trump ($ TRUMP ) &nbsp, and Melania Meme ($ MELANIA ), sparking a frenzy of reactions on Crypto Twitter. &nbsp,

$ TRUMP climbed to a fully diluted valuation ( FDV ) of$ 72 billion while$ MELANIA surged over 12, 000 % within hours of the launch, per data.

However, the meme coin debuts siphoned liquidity from the broader crypto market, leaving Bitcoin ( BTC ) steady and altcoins struggling to recover.

Popular meme coins such as Dogecoin ( DOGE ) and Shiba Inu ( SHIB ) each slipped around 7 % and 6 %, respectively, in the last 24 hours, while Pepe Coin ( PEPE ) saw an even steeper drop, falling 12.6 % as per data.

Amid the chaos, views varied wildly—from enthusiasm about large adoption to strong critiques of ethics and execution.

Arthur Hayes, co-founder of BitMEX, rallied traders to push$ TRUMP to a$ 100 billion market cap. ” Degens, let’s celebrate the emperor by sending his meme coin to 100 Billy by Monday”, he wrote on X ( formerly Twitter ).

Poor shift for bitcoin?

Others criticized the action as being irresponsible and manipulative. Coffeezilla, a YouTuber known for exposing crypto schemes, didn’t hold back:

“80 % of tokens vest to insiders DURING the presidency..”. may be” a offense, but crime is legitimate then, I guess”? he said, blasting&nbsp, the image gold appearances.

William Scythe, the leader of Alpha Prime Capital, claimed that Trump placed personal gain before public services.

The President realizes he is scam individuals himself, going from being the most anti-crypto to becoming a crypto maniac, and scamming his MAGA religion with$ Republican coin, according to Scythe.

Melania’s$ MELANIA key faced also sharper reaction. Conor Grogan, brain of merchandise company operations at Coinbase, noted:

The father bag was funded via a Solana memecoin rocket, according to the statement.” This coin was handled by a less professional staff.

For some, like Caitlin Long, CEO of Custodia Bank, the affair hinted at upcoming regulatory swings:

One of the negative effects of meme-coining is that Trump today has a genuine incentive to alter the US’s tax of #crypto, Long tweeted.

One step forth, two steps up

For some, the second represented a step back:

” This isn’t onboarding. This isn’t training. This isn’t how we build a better prospect. We have to do much”, lending program ZeroLend’s co-founder Gafoor Khan wrote on X.

Some investors reflected on SEC Chair Gary Gensler’s prior instructions. Anonymous crypto trader Ash Crypto tweeted:” I think we all need to state this: we are sad Gary Gensler, you were best, our place is a joke”.

But amid the chaos, Daan Crypto struck a cheerful word about the mid-term options:

In the days to come, the crypto trader wrote,” I believe the market may enjoy this more than you might consider.” ” Especially if something occurs where the Trump coin is distributed among numerous chains, including ETH, and the overall market would explode.”