Peter Schiff, a outstanding monetary analyst and Bitcoin critic, mentioned, “I assume that soon the rest of the Trump family will be launching their coins. At least it’s all above board, which is an improvement over how the #Biden family cashed in.”
Different crypto proponents shared pictures of Trump’s household tree whereas implying there are nonetheless alternatives for the household to launch extra memecoins.
Final Friday, a crypto ball was held forward of Trump’s inauguration scheduled for right now, and a Trump memecoin, TRUMP, was launched. It reached a excessive of $75 and has a 24-hour quantity of just about $44 billion. Melania’s memecoin, MELANIA, was launched a day later and crashed Trump’s coin to $38.
Trump’s World Liberty Monetary, which 9 hours in the past acquired one other $45 million funding from Justin Solar, was reported to have purchased numerous Ethereum Identify Service (ENS) domains associated to Trump and the Trump household.
These embrace barrontrump.eth, erictrump.eth, trumpcoin.eth, and worldliberty.eth, main some to imagine extra extra official memecoins from the trump household might be coming.
It’s additionally no shock that when opportunists created an unofficial Barron Memecoin, it skyrocketed in value, reaching a 24-hour quantity of just about $800 million earlier than plummeting. There at the moment are unofficial tokens of Trump’s 5 youngsters: Barron, Ivanka, Eric, Donald Jr, and Tiffany.
11 of the 15 trending tokens on Dexscreener contain Trump’s household.
Total, the Trump memecoin shenanigans garnered blended responses on-line, with some praising the brand new president’s openness to crypto, and others suggesting it’s unethical/legal.