🇷🇺Trump’s Crypto Circus: Melania Coin Derails the 🎲TRUMP Token!💰

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Oh, what a tangled web we weave when first we practice to deceive! 🕷️ Enter the scene, the esteemed Ryan Selkis, founder of Messari, who in a fit of righteous indignation, has called upon the incoming President, none other than the one and only Donald J. Trump, to swiftly dispatch the team responsible for unleashing the MELANIA meme coin upon the unsuspecting masses.

Selkis, a man of discerning taste and impeccable judgment, decried the bungled launch of the MELANIA coin, lamenting that it not only undermined the President-elect’s financial interests but also sullied the good name of Trump, a man who had previously basked in the warm glow of public adoration since his triumphant victory in the U.S. presidential elections of November 2024.

When Two Meme Coins Collide: A Tale of Love, Loss, and 💔

On the fateful day of January 19, Selkis took to the hallowed grounds of X to deliver his scathing rebuke to those who had dared to greenlight the MELANIA project. He accused them of being clueless, of not having the President-elect’s best interests at heart, and of being woefully unprepared for the storm they were about to unleash.

As if on cue, the debut of the MELANIA coin sent shockwaves through the crypto markets, causing the value of the Official Trump (TRUMP) token to plummet by nearly 50%, wiping out billions of dollars in the process. The once-mighty TRUMP token, which had soared to dizzying heights of $15 billion in market value just two days prior, now found itself teetering on the brink of obscurity, with its price tumbling from $75 to a mere $38.

In contrast, the First Lady’s coin, MELANIA, basked in the glory of a fully diluted valuation of $9.99 billion, while the President’s token clung to a market cap of $10.74 billion, barely holding onto the #21 spot among cryptocurrencies. It was a sight to behold, a true David and Goliath story, albeit with a crypto twist.

Selkis, a staunch Trump supporter, was left seething at the turn of events. He accused the poorly timed launch of the second token of cannibalizing the first coin’s value and painting the entire initiative as nothing more than a shameless cash grab. But he stopped short of blaming the President himself, recognizing that there were more pressing matters at hand, such as the upcoming inauguration.

However, Selkis couldn’t resist pointing out what he perceived as a glaring lack of crypto-native expertise within Trump’s inner circle. In a magnanimous gesture, he offered to lend his own considerable knowledge to the new administration, vowing to help them avoid similar blunders in the future.

“Greed” or “Opportunism”? You Decide! 🤑

But wait, there’s more! Some so-called experts, including Delphi Labs founding partner José Maria Macedo, have suggested that the decision to launch MELANIA was driven by nothing more than plain old-fashioned greed. Macedo posited that insiders who had missed out on the windfall from the initial TRUMP token launch sought to make amends with the second meme coin.

While this theory remains unproven, MELANIA’s peculiar economic model lends some credence to the notion. The coin includes a generous 35% team allocation, with a lock-up period of a mere 30 days, a stark contrast to TRUMP’s three-year vesting period. This discrepancy raises eyebrows and fuels speculation about the project’s true intentions.

Adding fuel to the fire, data from the esteemed crypto trading platform GMNG revealed that a particularly fortunate address had spent a measly $800,000 on MELANIA tokens before flipping them for a staggering $38.6 million shortly after the launch. Such rapid profit-taking can only add to the growing chorus of skepticism surrounding the project’s integrity, leading some to question whether insider trading was afoot.

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2025-01-21 01:36