Donald Trump's announcement of meme coin cryptocurrencies just days before his presidency sparked frustration among the crypto community and ethical concerns. Following an initial speculative bubble, the value of these coins plummeted, leading supporters to feel betrayed. Once seen as potentially pro-crypto, Trump's recent actions have made the crypto industry appear unserious, as meme coins are often seen as lacking intrinsic value and simply exploiting trends. This has left many dissatisfied, especially those who hoped Trump would champion traditional American values against financial exploitation.
"After a brief bubble as speculators raced to buy them, both Trump coins have mostly plummeted in value, leaving many supporters feeling betrayed."
"Meme coins, regarded as risky and lacking enduring value, exploit viral moments rather than serve as functional currencies, causing concern within crypto communities."
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