Cryptocurrency skeptic Peter Schiff recently stated in a podcast that memecoins TRUMP and MELANIA were not assets but merely tools for bribing former U.S. President Donald Trump to gain his attention. According to BeInCrypto, he added, "Most TRUMP and MELANIA investors suffered losses. Trump even held an event at the White House for large holders of these memecoins. This indicates that these memecoins are a form of indirect bribery. Only the Trump family made money through these memecoins, while most investors lost money." Meanwhile, it was previously reported that Trump earned over $1 billion from token sales, including the TRUMP memecoin and World Liberty Financial (WLFI), in his asset disclosure last year.
