The Trumps have launched two memecoins, TRUMP and MELANIA, on the Solana blockchain just days before the January 20th inauguration. The TRUMP memecoin saw a surge of over 10,000%, reaching a market cap of $15 billion soon after its unveiling at an exclusive crypto event in DC. Zack Guzman, founder and host at Coinage, suggests that the memecoin launches were strategically timed to avoid constitutional violations and potential impeachment. Guzman explains that waiting another day could have opened up Trump to charges of enriching himself through abuse of office. The MELANIA memecoin, which was recently launched, is intended for collecting and entertainment purposes only. The launch of the memecoins before Trump officially took office makes it less complicated to accuse him of profiting from the presidency and violating the Emoluments Clause. However, Ryan Selkis, former founder and CEO of Messari, criticizes the decision to launch the MELANIA memecoin, as it caused a 60% drop in the value of the TRUMP memecoin. It is reported that Trump earned $7.2 million and Melania earned over $300,000 through NFT involvement. The consecutive launches of the meme coins may have been driven by insiders' desire to profit more after the success of the TRUMP memecoin. The market reacted negatively to the MELANIA launch, fearing that more coins tied to Trump's family and properties would be released. José Maria Macedo, co-founder of Delphi Labs, suggests that the rush to launch MELANIA was driven by insiders who either did not buy enough TRUMP coins or sold them too early. This greed resulted in a loss of $30 billion in value and potential legal repercussions. Guzman notes that the Trumps had been testing the NFT market for years using separate companies and teams, and they received fees from the launches keeping direct coin purchases at an arm's length. Guzman also accuses Trump's inner circle of using the memecoin launches to personally profit from the crypto industry, excluding outsiders from benefiting from the launches.



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