After breaking the record for the fastest meme coin to hit a $15 billion market cap, the Official Trump ($TRUMP) coin has come under scrutiny. Many question the ethical position of an elected president making such a move just days before his inauguration. Shortly before his inauguration on Jan 20, his wife also launched her meme coin, $MELANIA, casting aspersions upon the Trump family’s motives.
Meme coins have always been founded on humor and fun, and some investors are not looking to lose this fun anytime soon. Chill Drone, a new meme coin with the best narrative in the market, is now making headlines for its meme-worthiness and viral potential.
The Rise and Controversy of $TRUMP and $MELANIA Coins
On January 18, a tweet announcing the $TRUMP coin on President Trump’s X account was released. Initially, the market thought this was a hack and tried investigating. Shortly after the release, the market cap of the Official Trump ($TRUMP) coin rose to $4 billion, then to $6 billion, before smashing the $15 billion mark on January 19.
This move brought a lot of mixed emotions to the market. While some praised this move, others criticized it – mostly because it came from an elected president. As if that wasn’t enough, President Trump’s wife, Melania, released her meme coin, $MELANIA, a few hours before Trump’s inauguration.
Ethical questions arise amidst where the line between public service and personal enrichment lies. Critics emphasize that launching these coins so close to his inauguration is consistent with the Trump family’s greed for personal profit.
Further concerns extend to the precedent many fear this could set for other political figures. A fear that this move could overlay personal business interests with public roles.
The Need For Fresh Energy In the Meme Coin Market
The $TRUMP and $MELANIA coins have been discouraging for some parts of the crypto community. Some are sad they missed out on such a supernova-level flip. Others fear this might become the new norm where public figures take advantage of the market for personal gains–creating a monopoly.
It’s highly debatable at the moment if Trump’s family move will have a positive or negative effect on the crypto market. However, one thing is for certain: not everyone is happy in the meme coin market right now.
A notable crypto analyst has tried to infuse optimism back into the market through a recent tweet. He encouraged the people not to get carried away by the attention around the $TRUMP coin. There has been a steady case of coins flipping 10x in the “trenches” since 2024, citing that there are still many more gems in the crypto market flipping the same volumes.
A Beacon Of Hope: Chill Drone ($CHONE) To the Rescue
Speaking of hidden gems in the crypto market, one making waves because of its humor and narrative is Chill Drone.
This half-opened eyes and relaxed-looking drone counters the general “work tirelessly” culture in the crypto market. It proposes a new culture where everyone chills out and enjoys life at their own pace—refraining from the do-or-die approach to crypto investments.
This philosophy is highly relatable in the current crypto market. The $TRUMP and $MELANIA hit-and-miss for a lot of crypto investors have amplified their relatability to Chill Drone’s philosophy. This growing community for the drone has put a lot of momentum behind the drone’s token – $CHONE.
It currently has a daily trading volume of over $42k and a market cap of close to $1 million within one month of being active. Chill Drone is building a community that preserves the fun in little things and fights against the culture that steals that joy through excessive work.
To learn more about Chill Drone ($CHONE), visit the following links:
Website: www.chilldrone.io
Twitter (X): x.com/chilldrone_io
Telegram: t.me/chilldroneverfiy
Contact address: 47TSGRuTiSsDpifLUu8WYc3xveFP7SwAvbi9K6brpump
Source: https://www.cryptopolitan.com/trump-and-melania-coins-face-scrutiny-could-this-new-meme-coin-bring-back-the-fun/