The new cryptocurrency from Donald Trump has sparked a flood of imitators, as more than 700 coins were sent from the points of sale and random mail to its digital portfolio by people who seem to seek their suggestion of their support, which leads to warnings that investors risk deception.
The results are the result of the analysis of the Venancial Times times after the President and his wife Melania Mimikwins, which lacks practical use and whose value is fully supported by speculation, days before returning to the White House last month.
FT has found 736 different momentum deposited in the official Trump currency portfolio over the past three weeks. Among them, approximately 200 – including “official Trump” and “official Melania” – is called on the name Trump or his family members but they are not related to the president.
By creating Mimikoen, “Trump opened the gates to deception.”. Issar Brasad, a senior colleague at the Brookings Foundation, said at least to ravage speculation. He added that ordinary investors who buy cash currencies “only expose them to tremendous dangers.”
FT has analyzed the property of the official Trump currency portfolio, which is controlled by entities supported by the president and carried 80 percent of the distinctive symbol, with the aim of launching future investors.
After the real Trump coin was launched, the first imitator called within 30 minutes was restored, confirming how the creative creators sought to take advantage of Trump's interest in encryption.
Memecoin creators benefit from a job at Solana – The Blockchain that supports Memecoins for Trump – which allows users to empty new coins in another portfolio without the need for permission. Anyone can create memecoin, as online generators help users to make them without the need for any coding skills.
The appearance of a high -level portfolio such as Trump's official portfolio increases the vision of the symbols and the possibility of traders with official currencies, or they may give the illusion of the official Trump support, which may lead to the price raising.
“For a unified investor, it is very difficult to separate real projects” from counterfeit metal currencies, “said Omid Malcan, Assistant Professor at Colombia College of Business.
Among 192 symbols called Trump or his family members, 167 are coins, while 67 words “official” in their name. There are 35 coins containing the phrase “ELON” or “Musk” in their name, in a clear reference to the CEO of Tesla and Trump Ally.
The Trump family who did not launch their cryptocurrencies also inspired unofficial currencies that were dropped in the official portfolio – 30 containing the word “Barron”, 26 containing the word “ivanka” and ten containing the president's children.
Twelve MIMON was deposited using the word “Melania” in the Trump portfolio. Nothing of this is the true Melania currency, and it is the only official Memoine launched by a member of the Trump family.
“The investor attracts interest in something. Daniel Brian, executive director of the government supervision project, is a non -profit monitor, and she is an executive director of the government supervision project, and he is a non -profit monitor:” It will be clear that the next bubble where people lose money. ” .
Six of the Trump wallet coins use the same name and symbol as the official Trump coin, while the eight “fighting” logo used on the currency supportive image. Other currencies include “Trump King”, “Trump Rils Biden”, “Hitler official” and “Baraz Quinn”.
FT analysis found a number of unusual transactions. For example, about eight minutes after creating the imitated “Trump” currency, bought one $ 100,000 account of fake currency, just to sell everything after 12 seconds for a slight loss. The intention behind trade is unclear.
Most metal currencies are also very unprocessing, which makes it difficult to accurately appreciate the symbols that were dropped in the wallet.
Bron Trump's official shares – named after the president's younger son – in the president's portfolio is well estimated at about $ 6 billion, according to Solscan, a platform for encryption analysis, based on the last treatment price.
But the symbol has not been circulated since January 21, and it was the largest treatment made for $ 242.
Gettrumpmemes.com, the official currency site of President Trump, did not respond to the comment requests.
Some encryption exchanges have become soaked in the number of symbols made.
Brian Armstrong, CEO of Coinbase, said that the company needs to rethink the distinctive symbol list “due to the presence of (about) 1MN per week being created now, and growth.
“The evaluation of each one after another is no longer possible,” he added.
Additional reports from Chris Cook
The distinguished creators moved quickly to take advantage of the Trump currency
02:00 Jan 18 (GMT)
Trump has been announced a coin on the social truth.
02:29 January 18
The first tramp is signed with the same name and the official currency code.
02:31 Jan 18
Trump's first unofficial currency was deposited in the Trump reserve portfolio: the “Trump6900” code, which was present before the launch of Trump.
07:15 January 18
The first 'Ivanka' Copycat Coin Mineted.
07:57 January 18
Copycat first mint.
10:20 Jan 18
The first “MELANIA” Copycat Coin Coin Mineted and OPOSED in the Trump Reserve portfolio – more than a day before the official Melania coin launch.
14:00 Jan 18
19 cash currencies copied during the first 12 hours.
