The launch of $TRUMP and $MELANIA crypto coins has disappointed some in the crypto industry, who fear they amplify the sector’s sillier and scammier side.

Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility

Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.

Melania Trump’s new $MELANIA token briefly tanked $Trump coin’s value as Bitcoin hits $107K with Trump’s crypto stance fueling market buzz.

A day after the U.S. President Donald Trump launched the $TRUMP memecoin, the First Lady of the country, Melania Trump, also launched her own memecoin, $MELANIA.

The crypto market is no stranger to bold trends and unexpected phenomena, with Trump’s meme coin mania being the latest to capture headlines.

Just before his January 20 inauguration, President Donald Trump launched a cryptocurrency named after himself, which quickly accumulated a market cap of approximately $32 billion (Axios reported that it hit a high of more than $52 billion).

Trump’s memecoin launch created billions in new wealth but didn’t generate substantial capital inflows into the crypto market. The token attracted 400,000 new crypto users,