Eric Trump's Crypto Comments Reignite Meme Coin Mystique

Eric Trump, the president’s eldest son, has reignited speculation about the value of Trump-themed meme coins, particularly $TRUMP, after he claimed a $1 million valuation for Bitcoin is "inevitable." His remarks have sparked renewed interest in the market, where Trump-branded cryptocurrencies—$TRUMP and $MELANIA—have historically experienced dramatic price swings. Despite their speculative nature, these tokens have drawn a mix of political enthusiasts, crypto traders, and meme investors.

The official $TRUMP coin, launched ahead of the president’s second term, initially surged to around $75 before experiencing a sharp decline. By mid-August, it had dropped to approximately $8.73, reflecting the high volatility typical of meme coin markets. In April, a notable event occurred when the president invited the top 220 $TRUMP investors to a private dinner at his Virginia golf club, briefly lifting the coin’s value. However, this was followed by another decline, with the token now holding steady in the $8–$10 range [2].

Melania Trump’s $MELANIA coin, launched later and trading on the same Solana infrastructure, has followed a similar pattern. The coin reached a peak of $8.50 in mid-January but has since plummeted to less than $0.25, suffering a 98 percent loss in value. In May, the Financial Times reported that traders had reaped nearly $100 million by buying $MELANIA minutes before its public announcement, only to offload their holdings after a short-lived price spike [1].

The broader landscape of Trump-themed tokens remains fragmented, with multiple tokens operating on various blockchains. Experts note that while some are affiliated with serious projects, many are either pure memes or outright scams. Nic Adams, Co-Founder of 0rcus, emphasized the need for due diligence, advising investors to verify contract addresses and use tools like scam filters to avoid fraud. Best Wallet, a non-custodial crypto wallet, has been highlighted for its ability to help investors track liquidity, verify contracts, and manage exposure to high-risk tokens [2].

Investors are also encouraged to start with small transactions, monitor price trends, and use real-time alerts to navigate the fast-moving market. Karl Garner of SwapSpace observed that the $TRUMP token has demonstrated surprising resilience, with a 2 percent gain in the last month. Nonetheless, Dr. Evan Lipkis warned that buying meme coins is akin to gambling, noting that both $TRUMP and $MELANIA have seen significant crashes despite the hype [2].

As the crypto market remains speculative and unpredictable, the Trump meme coin phenomenon reflects a broader trend of celebrity-driven digital assets. While Eric Trump’s comments may boost short-term enthusiasm, the long-term viability of these coins is yet to be determined. Investors are advised to proceed with caution and leverage tools that enhance transparency and security in this volatile market.

Source:

[1] Trump and Melania's Scammy Meme Coins Have Lost Almost ... (https://finance.yahoo.com/news/trump-melania-scammy-meme-coins-210940670.html)

[2] How to buy Trump Coin: Where to invest in TRUMP? (https://nypost.com/business/how-to-buy-trump-coin-where-to-invest-in-trump/)