“Dr. Doom” Nouriel Roubini warns that a “big bladder” in the crypto area could follow the appearance of Donald Trump’s new memoins.
• New meme coins $ Trump and $ Melania
• Critics refer to the impression of a “pump-and-dump” schemas
• Roubini fears “big bladder” at the cryptoma market
Trump is launching new Memecoin
Donald Trump recently launched his own crypto coin “$ Trump” and his wife Melania also introduced her own coin “$ Melania”. The Trump coin is based on the Solana cryptocurrency platform and resembles a digital commemorative coin that can be traded. Initially, 200 million coins were launched and a further 800 million are to be released within three years. About 80 percent of the “$ Trump” coins belong to the company CIC Digital and Fight Fight Fight.
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Criticism of new coin
After its appearance, the Trump supporters temporarily increased the market value of the coins to almost $ 15 billion. In the meantime, however, the coin has significantly lost value and only comes to a market capitalization of around $ 3.71 billion (as of 16.02.2025).
The strong success and subsequent crash of the memoin caused criticism from dealers and experts. Financial analysts pointed out that the procedure gives the impression of a “pump-and-dump” schemas, in which a coin is artificially pushed and the price is driven up to sell it again before the market can react. It is also critical that the coin could become a tool for political corruption and bribery.
Roubini fears “big bladder” at the cryptoma market
The economist Nouriel Roubini, known as “Dr. Doom”, believes that “these meme coins are really embarrassing”, as he said in the opening bid podcast towards Yahoo Finance editor Brian Sozzi. Even Trump supporters would have said on X that two days before the inauguration you learn something that is not based on hot air and reach its highest value. “There is massive nepotism. There is a massive conflict of interest. This is disgusting,” said Roubini. “People buy at peak times and then they already correct them by 50 %. The insiders earn the money and sell it, and retailers are being fooled,” says Yahoo Finance Roubini.
Roubini fears that the meme coins could follow a “big bladder” in the crypto area. “It will be another one deflation and then there will be the same cycles in which people buy at the climax, then correct themselves and sell at the low point, “says the economist and warns:” You will lose your shirts. ”
However, Roubini not only sees negative things about the future of cryptocurrencies. “I think the more positive is that there are some innovations in financial technology that are actually positive,” said the expert. “It’s not about economic freedom, but about providing better financial services.”
Editor finance.net
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