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Trump Inauguration Pastor Faces Backlash for Meme Coin Launch

Business
Updated: 1/23/2025
Trump Inauguration Pastor Faces Backlash for Meme Coin Launch
#Crypto #Blockchain #Gaming
A pastor known for his prayer during Donald Trump’s inauguration is under fire for launching a controversial meme coin. While aiming to support his ministry, his project has sparked debates in the crypto community.

A Bold Move: Lorenzo Sewell’s Meme Coin

https://x.com/BehizyTweets/status/1881399756502802457

Rev. Lorenzo Sewell, the Detroit pastor who made headlines at Trump’s inauguration, surprised many with the launch of his own meme coin, $Lorenzo. Promoted as a charitable initiative, the token has faced harsh criticism online, especially on X.

From MLK Day to Cryptocurrency

https://x.com/pastorzosewell/status/1881440095825244231

Sewell announced the token on Martin Luther King Jr. Day, linking his faith-driven mission with blockchain. He urged supporters to invest, claiming it was essential for fulfilling “King’s dream” in the face of modern challenges.

A Complicated Past and Controversial Views

Known for his pro-Trump stance and fiery sermons, Sewell has faced challenges blending politics and religion. Critics accuse him of leveraging his platform for personal gain, while others admire his determination.

https://x.com/pastorzosewell/status/1881440095825244231

Community Response: Mixed Reactions

The crypto world remains skeptical, with many accusing Sewell of opportunism. Some point to previous controversies surrounding meme coins, questioning their transparency and purpose.

The Future of $Lorenzo

As Sewell’s meme coin makes headlines, questions arise about its impact on the crypto space and whether it can serve its intended purpose. Will it thrive, or is it destined to be another failed token?