The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
Donald Trump and his team have been accused of running a “pump and dump scheme” after back-to-back memecoin launches added billions of dollars to the net worths of the incoming US president and first lady.
Just a day after Trump’s self-branded Official Trump (TRUMP) token launched and soared to a $15 billion market cap, Trump’s wife Melania launched a self-titled memecoin of her own — which led commentators to accuse the family of unseemly behavior.
“You were right if you thought the smashing success of $TRUMP would make Trump greedy,” Bianco Research president Jim Bianco said on Jan. 19, following the launch of Mrs. Trump’s token.
Read more
Read the full article here
