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BTCC / BTCC Square / Global Cryptocurrency /
Trump’s Memecoin Launch Sparks Market Debate and Recalls Gensler’s Warnings

Trump’s Memecoin Launch Sparks Market Debate and Recalls Gensler’s Warnings

Author:
Global Cryptocurrency
Published:
2025-01-20 23:52:40
12
1
Over the weekend, former U.S. President Donald Trump and his wife, Melania, launched their own memecoins, causing a significant stir in the cryptocurrency community. Trump's memecoin quickly reached a market cap of $14 billion, securing a top-20 position, while Melania's rival memecoin, MELANIA, surged past $5 with a fully diluted market cap exceeding $5 billion. This event has reignited discussions about the volatility and speculative nature of the cryptocurrency market, with many recalling the warnings issued by former SEC chair Gary Gensler. The situation has led to widespread commentary on social media, with posts declaring 'Gensler was right' as the market reacts to the Trump family's foray into digital assets.

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