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CoinGecko: Trump's memecoin, with a $9B+ market cap, is still in the top 25 most valuable cryptocurrencies; some in crypto call Official Trump a “horrible look”

Trump's memecoin has taken off since debuting late Friday night.  Not everyone in crypto is thrilled.

Politico

Discussion

  • @3r1ng Erin Gallagher on bluesky
    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...
  • @glcarlstrom Gregg Carlstrom on bluesky
    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...
  • @petegrif Peter on bluesky
    The second Melania coin was launched, even stupid people realized that it's just another scam.
  • @atrupar.com Aaron Rupar on bluesky
    “'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.'"
  • @aaron.rupar Aaron Rupar on threads
    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.
  • @deepseek_ai @deepseek_ai on x
    🚀 DeepSeek-R1 is here! ⚡ Performance on par with OpenAI-o1 📖 Fully open-source model & technical report 🏆 MIT licensed: Distill & commercialize freely! 🌐 Website & API are live now! Try DeepThink at https://chat.deepseek.com/ today! 🐋 1/n [image]
  • @tier10k @tier10k on x
    Gensler is laughing at us
  • @skirano Pietro Schirano on x
    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]
  • @itspaulai Paul Couvert on x
    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]
  • @drjimfan @drjimfan on x
    We are living in a timeline where a non-US company is keeping the original mission of OpenAI alive - truly open, frontier research that empowers all. It makes no sense. The most entertaining outcome is the most likely. DeepSeek-R1 not only open-sources a barrage of models but [im…
  • @emollick Ethan Mollick on x
    A new completely open reasoning model out of China, Deepseek-R1, is now available. The benchmarks show it at parity with the likes of o1 and Sonnet In some informal tests on non-code problems, it is really good, not o1-pro level but surprisingly capable (and small & fast!). Big […
  • @molly0xfff Molly White on x
    I'm not sure people quite grasp how much of the crypto world is reacting to the Trump memecoin launches. [image]
  • @caitlinlong_ Caitlin Long on x
    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]
  • @0xlaiyuen Lai Yuen on x
    >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 [imag…
  • @kapursanat Sanat on x
    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 @jjcycles on x
    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 @jjcycles on x
    Trump launching his own memecoin is dictatorship kinda vibes tbh Ya'll insane for cheering on this
  • @jjcycles @jjcycles on x
    How the hell do we explain the last few days in crypto to our children?
  • @gafoorkhann Gafoor Khan on x
    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
  • @gafoorkhann Gafoor Khan on x
    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
  • @gafoorkhann Gafoor Khan on x
    so Trump basically did what the FED has been doing for years: print money out of thin air and give supply control to insiders
  • @c_kavanagh Chris Kavanagh on x
    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 @ashcryptoreal on x
    I think we all need to say this - we are sorry Gary gensler - you were right - our space is a joke [image]
  • @cryptohayes Arthur Hayes on x
    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.
  • @gafoorkhann Gafoor Khan on x
    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
  • @coffeebreak_yt Coffeezilla on x
    >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]
  • @coffeebreak_yt Coffeezilla on x
    onboarding millions into crypto with scams and grifts is a terrible idea, in hindsight.
  • @tyleraking.com Tyler King on bluesky
    I wish nothing but the worst for all involved.  [embedded post]
  • @gateklons @gateklons on bluesky
    I would've liked more Roman aesthetics to the fall of the American empire but instead we get this [embedded post]
  • @melaniatrump Melania Trump on x
    The Official Melania Meme is live! You can buy $MELANIA now. https://melaniameme.com/ FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNeba RxM1P [image]
  • @erictrump Eric Trump on x
    Wait until you see what they do tomorrow! 🚀🚀 @worldlibertyfi
  • @lookonchain @lookonchain on x
    Someone created 2 wallets to buy $MELANIA and made $47.5M! 7Aud...KnVR spent 2,100 $SOL($560K) to buy 1.52M $MELANIA and sold all for 46,453 $SOL($11.5M), with a profit of 44,353 $SOL($11M). 4zo6...zHF2 spent 800K $USDC to buy 3.84M $MELANIA and sold 1.92M $MELANIA for 16.45M [im…
  • @zguz Zack Guzmán on x
    There is a very important reason why the Trumps are launching $TRUMP and now $MELANIA so fast before the inauguration And whether you love Trump or hate Trump, the fact is that waiting another day could've opened him up to Constitutional violations & impeachment (again) 🧵 [image]
  • @satishacharya Satish Acharya on x
    In a bizarre development, after the launch of Trump Memecoin Melania Trump launched her own Melania Memecoin. #Trumpcoin #melaniacoin #ElonMusk [image]
  • @vikramchandra Vikram Chandra on x
    Please remember that meme coins have no real “value”. They have a “price”. It can shoot up and make you feel rich. But in most cases the price will also crash and make you poor. Only a handful really make the big bucks. Beware! Don't bet your life savings or your house on
  • @teroterotero Tero Kuittinen on x
    Is he... is he teasing ANOTHER coin drop? Can he be this dense
  • @unusual_whales @unusual_whales on x
    BREAKING: The Melania, $MELANIA, memecoin site was literally set up yesterday. The domain was created yesterday as well. Wow. [image]
  • @blknoiz06 @blknoiz06 on x
    nobody talking about how solana just onboarded like ~500k net new users and is doing the most daily volume for a blockchain *ever* with zero hiccups
  • @0xgaut Gaut on x
    all they had to do was nothing, and they launched Melania
  • @autismcapital @autismcapital on x
    🚨 NEW: Melania just robbed her own husband. Queen Shit 👸🏼 💅🏼 😂
  • @mdudas Mike Dudas on x
    “sir, a 2nd coin has hit the blockchain” [image]
  • r/CryptoCurrency r on reddit
    More shenanigans tomorrow, apparently
  • r/Fauxmoi r on reddit
    Melania Trump launches MELANIA meme coin, instantly worth billions
  • r/nottheonion r on reddit
    Melania joins her husband in the meme coin billions business
  • r/politics r on reddit
    Melania Trump joins her husband in the meme coin billions business
  • r/FluentInFinance r on reddit
    Melania Trump launches MELANIA meme coin, instantly worth billions
  • r/the_everything_bubble r on reddit
    Melania Trump launches MELANIA meme coin, instantly worth billions
  • r/economicCollapse r on reddit
    Melania Trump launches MELANIA meme coin, instantly worth billions
  • r/CryptoCurrency r on reddit
    What the hell is happening!?
  • r/CryptoCurrency r on reddit
    The price of Trump just nosedived 40% after Trump retweeted the new “Melania” Token.  (This somehow isn't a joke)