Trump’s $TRUMP and $MELANIA memecoins sparked hype, but scammers faked celeb coins, duping investors in the volatile crypto game.
47th U.S. President Donald Trump and First Lady Melania Trump sent shockwaves in the crypto world with their memecoins, $TRUMP and $MELANIA, respectively. Coming right before Trump’s inaugural ceremony, $TRUMP went berserk on Solana, reaching a market capitalization of $12 billion in 24 hours. Melania followed suit with her own token, but the hype didn’t stop there-it turned into a playground for scammers.
Then, scam coins like $IVANKA and $BARRON began to pop up targeting Trump’s family. Ivanka had to jump onto X, formerly Twitter, to deny involvement with the $IVANKA coin. Barron’s fake token reached a value of 460M and then crashed by 95% to leave investors burnt. These scammers even hijacked poor Dean Norris-the actor that plays Hank in Breaking Bad-with some fake posts endorsing a $DEAN coin. Later, Norris went full Schrader-mode, calling out critics and confirming it was all fake.
Of course, no scam list is complete without Elon Musk. Fake memecoins using his name are everywhere, and Musk’s silence isn’t helping.
Memecoins are pure hype with no real value, but people can’t resist the gamble. Bottom line? Do your research or risk getting wrecked in the wild west of crypto.
Also Read: MicroStrategy Just Dropped $1.1B on BTC—Now Holds 471,107 Coins
