While the Trump couple is making a fortune with meme coins, there is continuous criticism within the Cryptos Industry.
Many executives in the Cryptos Industry have expressed strong dissatisfaction. They believe that these meme coins could seriously damage the overall reputation of Cryptos, bringing negative impacts to Trump himself and the entire Cryptos Industry. They had originally hoped that the new Republican government would earnestly promote the development of the Digital Assets field, only to be disappointed by the emergence of these two new meme coins.
The meme coin industry is filled with joke tokens like $Dogecoin (DOGE.CC)$these, which have almost no intrinsic value but are highly volatile. Their performance highly relies on the influence of Social Media, making it easy for them to heat up quickly and potentially crash just as fast. The existence of such meme coins has further intensified the criticism from outsiders regarding the emerging Cryptos Industry being overly frivolous and excessively risky.
According to the Cryptos data aggregation platform CoinMarketCap, the Market Cap of TRUMP coin once reached 15 billion USD, but then briefly fell below 8 billion USD after the launch of Melania meme coin. As of the time of reporting, the Market Cap of TRUMP coin is around 9 billion USD, over a 40% decrease from its peak. The price of Melania meme coin has dropped nearly 60% from its high of 13.73 USD.
Additionally, at 1:00 AM on January 21, Peking time, according to Xinhua News Agency, Trump has just been sworn in as the President of the USA.$Bitcoin (BTC.CC)$Futures plunged below 0.102 million USD, overall turning down during the day, giving back all earlier gains. On January 20, at 14:37 Beijing time, Bitcoin futures had risen above 0.109 million USD, setting a new historical high.

What do industry insiders think?
Rob Hadick, a general partner at the venture capital firm Dragonfly Capital focused on Cryptos, stated: "The meme token issued by the Trump couple is clearly a stain, and as builders in the Industry, we will have to work hard to overcome it."
Former CTO of a USA-based cryptocurrency Exchange,$Coinbase (COIN.US)$angel investor Balaji Srinivasan posted on Social Media X: "Meme tokens are a zero-sum 'lottery', the price will eventually crash, and the last buyer will lose everything."
Anthony Scaramucci, founder of SkyBridge Capital LLC, pointed out on Social Media that the launch of Melania Coin caused the price of Trump Coin to decline. Scaramucci briefly served as the communications director for the Trump administration in 2017 before being fired and became a critic of Trump.

Gabor Gurbacs, former Director of Digital Assets Strategy at VanEck and founder of PointsVille, stated that these meme coins "have caused the USA, the presidency, and his family to lose a lot of credibility."
Gurbacs warned that the consequences brought by these projects "have not yet begun to manifest," and called for Trump to fire his Cryptos advisor.

Caroline Mauron, co-founder of Orbit Markets, described the meme coin events that occurred over the weekend as a "crazy" twist, believing that "even the Cryptos Industry did not fully anticipate it."
She stated: "I think people were originally expecting a more traditional policy approach, which may still appear."
It is noteworthy that Trump has previously been skeptical about Cryptos, but his stance has changed as the Industry injected significant funds into the campaign ahead of the USA election. Currently, Trump plans to make the USA the core of the Global digital Assets industry and supports the idea of establishing a national Bitcoin reserve. The Trump administration is reportedly considering issuing an executive order to classify Cryptos as a "national priority."
Editor/danial