Trump and his wife's coins spark criticism in the cryptocurrency sector
Melania Trump's coin has drawn flows from her husband's coin, the president-elect (Reuters)
20/1/2025 - Last update: 20/1/202507:56 PM (Makkah time) Donald Trump and his wife Melania Trump's new cryptocurrencies have sparked criticism from cryptocurrency executives, who were expecting a more serious approach to the industry by the new administration, according to Bloomberg.
The president-elect unveiled Trump's coin last Friday, and his wife Melania launched her "Melania" coin yesterday. The market value of Trump's coin rose to $15 billion before falling to less than $11 billion, as attention turned to Melania's coin, according to CoinMarketCap figures.
The official website of the coin stated that 200 million meme units were issued, and the company said that an additional 800 million units will be added over the next three years.