Melania Trump on Sunday was hit with criticism from both sides of the aisle after it was announced she was releasing a “meme coin” for investors to purchase.
Melania made the announcement on Donald Trump’s social media platform, Truth Social. Trump himself shared the post, but it was soon reported that the release of her investment tool caused the value of her husband’s to drop by around 40%.
On Melania’s own post, some of her followers weren’t buying in.
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One self-proclaimed “concerned citizen,” @macgillacuddy, frequently reposts content from conservative sites. On Sunday, however, she said, “What’s with the meme coins?”
“First Trump now Melania… we have some major issues to deal with and you think this is the appropriate time to sell coins?”
Peter Schiff, a stockbroker who has voiced support for Trump numerous times, said, “First, #Trump launched $TRUMP; now Melania has launched her own coin. 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,” Schiff added.
Conservative Heath Mayo called it a “scam.”
On the other side the the aisle, liberal commentator Brian Krassenstein, noted that the Trump family’s decision made “$30 Billion evaporate.”
“As soon as it debuted, investors dumped $Trump coin—released just two days ago—resulting in a staggering $30 billion loss in paper wealth for those who believed in it,” he added. “This level of corruption and disregard for Americans’ trust is beyond appalling. PERIOD.”
Anti-Trump artist Art Candee added, “The corruption is absolutely astounding.”
USC Law lecturer Ben Meiselas said, “Hey guys, Donald Trump didn’t bring peace to Ukraine as he promised but Melania Trump just dropped her own meme coin after Donald Trump dropped his and they are making billions. Sorry about those egg prices. Hawk Tuah the moon!!!”
One investment commentator, InvestmentKage, said, “88% of $MELANIA Meme coin owned by 10 people. This is straight up dumb.”
“If you’re buying any of this you are straight up gambling,” they added.