Quotes
I’m not sure people quite grasp how much of the crypto world is reacting to the Trump memecoin launches,
Molly White, a software engineer and cryptocurrency chronicler, posted on X alongside screenshots from reactions that ranged from frustration to anger
Dear @realDonaldTrump : Please fire whoever recommended going forward with the Melania launch today,
Ryan Selkis, a longtime crypto advocate and political conservative, wrote on X on Sunday as the price of $TRUMP began to fallHello every scam targeted at everyone and anyone who has no clue about crypto,
Cuban said on X on Monday about the coinsThere’s now a fear that people who are not super familiar with this industry will see it as a cash grab and not see all the good uses of crypto that exist,
she saidObviously Trump, because of who he is, elevates a memecoin launch like nothing we’ve ever seen before,
he saidEnormous enthusiasm for a new president has helped boost the value of his meme coin
Chris Beauchamp, an analyst who studies cryptocurrencies at trading platform IG Markets, says
For me, the Trump meme coins are utterly ridiculous
Petr Chromy, a cryptocurrency trader and IT engineer, who has been trading for more than a decade, saysMake no mistake – these are only to be viewed as a collectable, a digital memento, and not a currency in which you can trade
Glen Goodman, author of bestselling book The Crypto Trader, saysRight now Trump is on top of the world – there is a Make America Great Again feeling of goodwill
He addsJust remember, during the gold rushes of the past, it was those who invested in the manufacture of picks and shovels who usually made far more money than the prospectors who were simply hoping to strike it lucky.
He saysYet I fear the madness of crypto fever is not yet over – and Trump could well be opening the floodgates for other celebrities to launch their own meme coins as a way to raise money from patron fans
He saysWhen Bitcoin smashed through the $100,000 mark in December it was a new high
He saysThere’s more to it than pure monetary gain for Trump. It’s a way of showing the world that he’s above the law.”
Finance professor Carol Alexander, of Sussex University, told The Sun
The cryptocurrency market gained additional popularity in recent hours due to the launch of the TRUMP and MELANIA cryptocurrencies just before the inauguration,
said Grzegorz Drozdz, market analyst at Conotoxia Ltd, in a statement
While it's tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora's box of ethical and regulatory questions,
said Justin D'Anethan, an independent crypto analyst based in Hong KongMeme cryptocurrencies, like these, are prone to large fluctuations and we generally consider them as speculative assets,
Drozdz at Conotoxia saidSomeone will lose money, some lawyer will come up with a theory and file, ... The memecoin launch is, from a purely political perspective, an enormous unforced error."
Byrne wrote, addingShould public figures, especially those with such political clout, wield this kind of sway in speculative markets? That's a question regulators are unlikely to ignore,
he saidThe fact that a president is doing this brings some sort of legitimacy to the space, and I think just means that the industry is moving ahead in a way it hasn’t for the last 10 years,
said Paul Howard, senior director at crypto market-maker Wincent
Anyone globally, even individuals who have been sanctioned by the U.S. or banned from our capital markets, can now trade and profit off of $TRUMP through various unregulated platforms,
U.S. House Financial Services Committee top Democrat Maxine Waters wrote