CoinGecko: Trump's memecoin, with a ~$7.5B market cap, is around the 28th most valuable cryptocurrency; some in crypto call Official Trump a “horrible look”
Survey Bloomberg : What Are Memecoins and Why Did Trump Launch One? Callum Jones / The Guardian : Experts alarmed by Trumps' crypto meme coins: ‘America voted for corruption’ Michael Anthony Bitoon / GreenBot : Trump's $70 billion meme coin tests presidential ethics Steven Stradbrooke / CoinGeek : Donald Trump focused on memecoins, not promises to crypto bros John Rapley / UnHerd : Will Trump's memecoins burst the crypto bubble? Oluwapelumi Adejumo / CryptoSlate : Trump's memecoin is a ‘self-serving’ disaster risking legitimacy of crypto - Mark Cuban Kyla Scanlon / Kyla's Newsletter : Trumpcoin and TikTok — the attention economy and the meme economy … Trumpcoin exists now Vismaya V / Decrypt : Crypto Community Reacts to Trump and Melania Meme Coins as Market Sinks Tanaya Macheel / CNBC : Bitcoin touches new high of $109,000, then reverses in volatile session on Trump inauguration day Martin Young / Cointelegraph : Trump's World Liberty Financial sells more marked-up tokens after sold-out presale Alan Suderman / Associated Press : Bitcoin passed $108K hours ahead of President-elect Donald Trump's inauguration; BTC topped $100K for the first time in December 2024 before falling to ~$90K Bluesky: Matt Binder / @mattbinder : Mark Cuban is wrong about that last point. — Cuban himself is being sued for promoting crypto ponzi Voyager. He couldn't even tell the “legitimate” crypto companies from the fraud — because there are none. — $TRUMP is not an aberration. — Trump's memecoin is 100% quintessential crypto. … Jesse Felder / @jessefelder : “When this crypto bubble bursts — and it will burst — it will end up impacting people across the economy even if they don't have direct investment in crypto. And this new coin is making it worse.” www.nytimes.com/2025/01/19/u... Amy Castor / @amycastor : This video of Coffeezilla reviewing the Trump meme coin is definitely worth a watch! www.youtube.com/watch?v=8zjB... Mark Cuban / @mcuban : Just have to say that the $Trump meme coin is a gift to all of us who are not fans of his. — It's just a matter of time until a lot of people lose money from this. — I'm a crypto fan. This is not crypto any more than Madoff was just buying and selling shares of stock @acyn : Rampell on Trump coin: If you're the Saudi government, you no longer need to pretend to stay at a Trump hotel in order to give money to Donald Trump. Erin Gallagher / @3r1ng : When asked about SEC's authority wrt shitcoins, a former SEC official said “We don't have a lot of legal tools to prevent people from doing things that are really dumb with their money.” — Incredible. — www.politico.com/news/2025/01... Gregg Carlstrom / @glcarlstrom : Background on this story, which seems to have horrified even many of the crypto grifters: “This is a horrible look for the industry already trying to make the case that we're not a bunch of hucksters, scammers and fraudsters.” www.politico.com/news/2025/01... Peter / @petegrif : The second Melania coin was launched, even stupid people realized that it's just another scam. Aaron Rupar / @atrupar.com : “'It's absolutely preposterous that he would do this,"' said Nic Carter, founding partner at the crypto investment firm Castle Island Ventures who describes himself as an ‘avowed and explicit’ Trump supporter. 'They're plumbing new depths of idiocy with the memecoin launch.'" Mastodon: Dare Obasanjo / @carnage4life@mas.to : Donald Trump is now a crypto billionaire. The $TRUMP memecoin he released last week is now worth billions of dollars and he controls 80% of the supply. — Maybe instead of a Bitcoin strategic reserve, we'll get a Trump coin ons instead? 🙃 — https://www.politico.com/... Threads: Ryan Anderson / @kolchak : The President's crypto scheme is a blatant violation of the emoluments clause. Look for who even attempts to hold him accountable. Aaron Rupar / @aaron.rupar : Get a load of how CNBC is covering the Trump memecoin grift. Watching this, you'd have no idea how egregiously corrupt it is. Total normalization. X: Mark Cuban / @mcuban : If meme coins are the way, maybe I'll issue one. With a twist. Same terms as $TRUMP . 20% float. Same release schedule. One difference. All the revenue from the sale of the coins go to the US Treasury. The wallet address will be published so everyone can track it. If Anthony Scaramucci / @scaramucci : The Trump meme coin stuff is bad for the industry. Don't delude yourself. It's Idi Amin level corruption. Ryan Selkis / @twobitidiot : Dear @realDonaldTrump: Please fire whoever recommended going forward with the Melania launch today. 1. They don't know what they're doing. 2. They cost you a lot of $ and goodwill. 3. They don't have your interests in mind. Molly White / @molly0xfff : I'm not sure people quite grasp how much of the crypto world is reacting to the Trump memecoin launches. [image] Nic Carter / @nic__carter : Something that hasn't been much discussed - creating a bunch of personal memecoins opens the door to secretive foreign buyers trying to curry influence with our leaders. If you hated hunter biden's anonymous art sales, you should hate this too. Nic Carter / @nic__carter : Basically, we used to have an informal rule that presidents wouldn't start or run businesses that could pose a conflict of interest. Creating a bunch of memecoins and defi protocols opens the possibility to rampant violations of the emoluments clause. Not to mention the obvious @cz_binance : Forgot to say, what's good for memes is good for bitcoin.😆 [image] Kyla Scanlon / @kylascan : So as everyone knows by now, President Trump and team launched a memecoin that created +$75b in wealth at the peak. Others followed suit, like Melania and the country of Cuba. This happening at the same time as the drama of the TikTok ban is important. Trump has proposed buying Ramit Sethi / @ramit : It's actually a good thing that so many Trump supporters are losing their money in crypto scams. Republicans have been insulated from their poor decisions for too long. They repeatedly vote against their own interests, only to be saved by Democrats (e.g., Obamacare, disaster [image] @tier10k : Gensler is laughing at us Brent / @brentsketit : feel bad for anyone trying to build anything serious rn president just making a complete mockery of this industry fighting another biden admin prolly would have been better longterm Balaji / @balajis : I wouldn't have done the memecoin, but I thought “ok, now that they've done it, how could one possibly avoid a crash.” Instead they just crashed it themselves. Insanity. @wassielawyer : There is actually a fairly dystopian outcome here where those who picked up enough scraps by advocating revolution will instead block the eventual revolution because they have become the elite. E.g. If you made 500m and now own private jets, do you still want a fairer world? @wassielawyer : Trump dropping his own memecoin means he has the wrong people in his ear re crypto policy. I'm now getting very concerned about the Trump presidency. @sershokunin : trump coin kind of might be the fastest wealth creation in crypto, but also might be the greatest extraction we've ever seen? @wassielawyer : Theres a lot of Jesus talk at this Trump victory rally. So if Jesus launches an official memecoin and God confirms it - how hard we think this gonna run to. Pietro Schirano / @skirano : I updated my repo, DeepSeek Engineer, to support the new reasoning model, deepseek-reasoner. The script now: - Shows the reasoning process before providing the final answer - Maintains all original features (file operations, diff editing, etc.) It's pretty powerful! ⚡️ [video] Paul Couvert / @itspaulai : Woow a fully open source reasoning model on par with OpenAI o1 just released Deepseek R1 even outperforms Claude 3.5 Sonnet and o1-mini in almost all benchmarks. You can already use it for free (see below) [image] Lai Yuen / @0xlaiyuen : >be young >think crypto is a force for good >FnF mock you for years as the “crypto guy” > Trump about to become the president >"See, it was legit. I didn't waste my life ok" >Trump launches $TRUMP and $MELENIA proving it indeed is a clown industry and you are a top comedian [image] Sanat / @kapursanat : if we are really in crime is legal season, will the exchanges finally list gambling tokens? always felt it was the most arbitrary line in the sand for them to draw anyway @jjcycles : I joined crypto because I genuinely saw a potential major impact on the financial system. Here we are, president of the United States Of America launching his own memecoin. Genuinely questioning whether I want to be involved in any of this much longer. @jjcycles : Trump launching his own memecoin is dictatorship kinda vibes tbh Ya'll insane for cheering on this @jjcycles : How the hell do we explain the last few days in crypto to our children? Gafoor Khan / @gafoorkhann : The fact that the US president is launching memecoins just shows how far crypto has come I've been in crypto for 7 years and have never seen something like this We started off as a small group of tech geeks and internet coins Now we're taking over the world Crazy times Gafoor Khan / @gafoorkhann : After Trump, Melania now drops a shitcoin. WTF is going on? No wonder people think crypto is just scams and money-making fuckery. And honestly... can you blame them? Onboarding millions like this? @RyanAFournier hyped a TikTok coin. Then deleted his tweet. Then said, “I sold Gafoor Khan / @gafoorkhann : so Trump basically did what the FED has been doing for years: print money out of thin air and give supply control to insiders Chris Kavanagh / @c_kavanagh : Rogan's going to be so mad. He's always complaining about stuff like this when it comes to politicians making money off stock trading, etc. Just you wait. @ashcryptoreal : I think we all need to say this - we are sorry Gary gensler - you were right - our space is a joke [image] Gafoor Khan / @gafoorkhann : Trump onboarded normies to crypto today, sure. But for what? A memecoin pump? Some made life-changing money. They'll chase 100x gains forever, never learning what blockchains are all about. Others? They'll buy the top with their hard-earned savings. Exit in disgust, never Caitlin Long / @caitlinlong_ : WELL, one of the side effects of meme-coining is that Trump now has a real incentive to change the taxation of #crypto in the US [image] Coffeezilla / @coffeebreak_yt : >promotes coin on social media >immediately sells coin >"i didn't rug" >"ok i sold but i don't know who wouldn't" welcome to the crypto in 2025. [image] Coffeezilla / @coffeebreak_yt : onboarding millions into crypto with scams and grifts is a terrible idea, in hindsight. Arthur Hayes / @cryptohayes : Memecoins are the best fan engagement tool ever invented. If Trump is doing it then it is less risky for Beyoncé or Swift to do one as well. Prepare your butts for a memecoin explosion. Forums: r/literaciafinanceira : ‘Horrible look’: Crypto lobby reels from Trump's ‘memecoin’ r/neutralnews : Trump's Cryptocurrency Surges to Become One of the World's Most Valuable