Mimi currencies have occupied the lead center since the launch of the official Trump currency (Trump), which is now classified as the second largest Mimi currency after the heart of Shiba Inu (SHIB). Melania Trump also launched its digital currency, Melania, whose market value reached $ 1.5 billion in less than 12 hours.
At the time of writing the article, Trump and Melania’s performance outperformed the broader cryptocurrency market after their gains by 64 % and 49 %, respectively. Despite these gains, the cryptocurrency community sparked different reactions, as some accused Trump of profit at the expense of the encrypted currency community.
Messari founder Ryan Silcis criticize The launch of the Meyan Mimi, saying that its release was misleading and could undermine the public image of Trump.
Please expel those who recommend moving forward in Melania today. They do not know what to do. You have cost you a lot [money] And good faith. “They do not take your interests in mind,” said Cellecis.
Balaji Srinivasan, a former Coinbase’s former chief technology, criticized the current uproar around the nimeteal currencies, saying that it is “a lottery that has a zero access.”
“There is no creation of wealth. Every purchase is simply identical with a sale. After the initial height, the price collapses in the end and the last buyer loses everything.
Balaji too Add Unlike Dogecoin (Doge), who built a strong society through his discomfort, Trump and Melania had a blaming person if the price collapsed.
“The very rapid rise in prices in a very politicized environment involves a high possibility of problems. Many depend on what is happening after the first major price collapse. He said:” There is no one person who can be blamed in Doge. ”
High flows to Trump Mimi currencies attributed to the market decrease
At the time of writing the article, more than $ 1.2 billion was erased from the entire coded currency market due to forced liquidation. According to the Ash Crypto analyst, the noise around Trump and Melania caused this decrease as traders withdrew capital from other alternative currencies to buy the two memes.
Ran Nehrer, founder of Crypto Banter, supported this feeling and accused Trump of profit at the expense of the entire cryptocurrency industry.
“After Melania, it is clear that they are now winning their livelihood at the expense of the entire cryptocurrency community – as they absorb liquidity from the rest of the market.” He said.
However, despite these criticisms, Donald Trump Junior Believe The success of these meme’s currencies showed great achievements in the cryptocurrency industry.
“We are all very proud of what we are continuing in the field of encrypted currencies. He said that Trump is currently the most famous digital aimalus on Earth.