The launch of the Melania coin has drawn criticism and skepticism from the cryptocurrency community, with concerns over its potential profitability. One user highlighted that Melania Trump holds 60% of the total supply of the coin, which is expected to unlock monthly and be fully unlocked within a year. The coin's market performance has led to significant losses for early investors, as indicated by another user who reported a profit decrease from $35.62 million to $17.47 million after selling 1.91 million tokens for approximately $3.13 million. Comparisons have been made to the infamous FTX collapse, with some asserting that the Melania coin's launch has negatively impacted the broader cryptocurrency market, suggesting that Bitcoin could have reached $150,000 if the coin had not been introduced.