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Skepticism grows around Trump's meme coin

Investors at the Bitcoin 2025 conference doubt the viability of the $TRUMP currency.

May 31, 2025 at 11:19 AM

Bitcoin fans aren’t all sold on Trump’s meme coin

Despite Trump's presence at the Bitcoin 2025 conference, doubt remains about his digital currency.

Skepticism surrounds Trump's meme coin among Bitcoin fans

Bitcoin investor Ryan Nichols, attending the Bitcoin 2025 conference, expressed his love for Trump but said he would not invest in the $TRUMP meme coin. He compared it unfavorably to another coin that crashed, suggesting he believes its value may drop significantly soon. The price history shows volatility, soaring after its launch and then fluctuating between $8 and $16. Meanwhile, Melania Trump’s meme coin, $MELANIA, has seen a serious decline in price, reflecting similar concerns about the longevity and viability of these tokens.

Key Takeaways

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Many Bitcoin fans remain doubtful of Trump's meme coin.

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Trump's digital currency has experienced severe price volatility.

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Political connections do not guarantee a successful investment in cryptocurrency.

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Melania Trump's meme coin has faced similar issues with value decline.

"I love Trump. I really want to see what he does to improve this country. But at the same time, I don’t think his coin is going to be much better than the Hawk Tuah coin."

This quote from investor Ryan Nichols reflects how political support does not always translate to investment confidence.

"The $TRUMP meme coin has nothing to do with the White House!"

The White House's statement clarifies that they are distancing themselves from the $TRUMP coin.

The presence of Trump's administration at the Bitcoin conference highlights a deeper intersection between politics and cryptocurrency. However, the skepticism from investors indicates that political endorsement alone may not drive digital currency success. This situation marks a growing trend where community trust is key, and brand loyalty does not always translate into market confidence. As more politicians venture into the cryptocurrency space, these fluctuating values and public perceptions will significantly shape the market's future.