Renowned crypto trader LeBron, known for profitable bets on $MELANIA and $TRUMP, suffers a $84,000 loss on $ONE tokens. His $110,000 investment now valued at ~$12,000, a 76% decline.
Former Coinbase CTO Balaji Srinivasan slams memecoins as a 'zero-sum lottery' that creates no wealth, warns investors to only risk what they can afford to lose, and cautions against politician-backed tokens. TRUMP and MELANIA memecoins crashed 40% and 26.7% before Trump's inauguration.
Trump family-linked crypto projects suffer massive declines: WLFI drops 19% to $0.07726, TRUMP and MELANIA meme coins fall 96% and 99% respectively, and listed miner ABTC plummets over 84%. Only USD1 stablecoin surges 476% in market cap.
Trump-linked crypto ventures span NFTs, DeFi, stablecoins, meme coins, and bitcoin mining. WLFI fell more than 19% this week, while USD1 climbed to a $4.186 billion market cap, becoming the sixth-largest stablecoin.
Canary Capital has filed with the SEC to launch an ETF holding TRUMP directly. The filing says the investment is highly speculative and warns investors could lose their entire principal.
A comprehensive analysis of Trump-linked crypto projects: WLFI dropped 19% this week to an all-time low, USD1 stablecoin grew 476.3% to $4.186B market cap, while TRUMP and MELANIA meme coins are down 96% and 99% from peaks.
Melania Trump launched her own meme coin MELANIA, which surged over 10,000% shortly after debut. The tokenomics feature a 35% vesting schedule, but Bubblemaps initially flagged distribution discrepancies before a later adjustment. The market cap topped $3 billion amid high speculation.
A Financial Times report says a small cluster of wallets bought MELANIA tokens minutes before launch and later realized about $99.6 million in profits, renewing debate over fairness, disclosure, and oversight in celebrity-linked memecoin markets.
