Speculation Grows Over a “Trump Family Tree” of Memecoin

The cryptocurrency world is abuzz with speculation following the recent launch of Donald Trump and Melania Trump-themed memecoins.

The coins, named TRUMP and MELANIA, have seen extraordinary trading volumes and stirred curiosity about potential memecoins tied to other members of the Trump family.

With over $44 billion in 24-hour volume for TRUMP and dramatic market moves for MELANIA, the phenomenon has taken a central stage in the crypto conversation.

Trump and Melania Memecoin Dominate

The TRUMP memecoin, launched on Friday during a crypto gala preceding Donald Trump’s inauguration, surged to a high of $75 before settling near $38 following the release of MELANIA.

The latter token’s debut on Saturday disrupted TRUMP’s dominance, creating an intriguing rivalry between the two coins. According to CoinMarketCap, TRUMP’s trading activity accounted for significant market volume, while MELANIA’s launch sparked further interest in Trump-themed tokens.

Prominent figures in the financial sector have weighed in on the trend. Peter Schiff, a well-known Bitcoin critic, remarked, “I assume that soon the rest of the Trump family will be launching their coins. At least it’s all above board, which is an improvement over how the Biden family cashed in.”

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Crypto enthusiasts shared Trump’s family tree online, pointing to potential opportunities for coins representing Trump’s children: Barron, Ivanka, Eric, Donald Jr., and Tiffany.

Already, opportunistic creators launched an unofficial Barron Memecoin, which skyrocketed to a 24-hour trading volume of nearly $800 million before crashing.

Meanwhile, 11 of the 15 trending tokens on Dexscreener are linked to Trump’s family, cementing their presence in the market.

Trump family-themed ENS Domains Hint at Future Plans

Further fueling speculation is the activity of Trump’s World Liberty Financial. They reportedly acquired Ethereum Name Service (ENS) domains linked to the family.

These include barrontrump.eth, trumpcoin.eth, erictrump.eth, and worldliberty.eth, suggesting the possibility of official family tokens being released.

In a recent development, crypto entrepreneur Justin Sun invested an additional $45 million into World Liberty Financial. Bolstering its influence and potentially paving the way for new projects. The purchase of these ENS domains has sparked curiosity about the Trump family’s long-term strategy in the crypto space.

The Trump-themed memecoins have drawn mixed reactions. Supporters praised the former president’s openness to cryptocurrency and his efforts to integrate it into his political narrative.

Critics, however, raised ethical concerns, with some calling the memecoin trend opportunistic and bordering on exploitative.

Despite the controversy, the Trump memecoin saga has undeniably captured the crypto market’s attention. With record-breaking trading volumes, a surge in unofficial tokens, and hints of further developments from Trump’s financial ventures, the prospect of a Trump family crypto empire remains a hot topic.

More Memecoins in the Pipeline?

The Trump family’s foray into the world of memecoins has already made waves. The potential for more family tokens looms large. Whether these coins are part of a calculated strategy or simply opportunistic creations by the crypto community, they underscore the enduring influence of Trump in both politics and markets.

With whales, investors, and enthusiasts closely watching, the next chapter in the Trump crypto saga is poised to make headlines once again.