Trump and Melania accused of running "pump and dump scheme" with back-to-back memecoin launches

Bitget App

Trade smarter

Bitget

News

Cointime2025/01/20 05:11

By:Cointime

Donald Trump and his team are facing accusations of running a "pump and dump scheme" after the launch of two memecoins, TRUMP and MELANIA, which added billions of dollars to their net worths. Commentators have criticized the move, with some describing it as unseemly behavior and others suggesting that it has destroyed Trump's credibility. The launch of MELANIA led to a 38% fall in the value of TRUMP, and the wider crypto market has also experienced a fall in prices. Despite the criticisms, TRUMP and MELANIA have attracted significant trader attention and now have a combined market cap of over $16 billion.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14