The cryptocurrency area went by means of a wild experience all through the previous 24 hours, witnessing the first-ever launch of a meme coin by a president of a rustic. And we’re not speaking about simply any nation; we’re speaking about the US of America.
Donald Trump pushed his TRUMP meme coin, which exploded and in lower than two days turned one of many largest cryptocurrencies, attaining billions of {dollars} price of complete market capitalization. Now, nonetheless, the token plunged massively, dropping greater than 50% in lower than a few hours.
Curiously sufficient, Donald Trump isn’t the one member of the household launching cash. His spouse Melania Trump simply introduced hers.
The Official Melania Meme is dwell!
You should purchase $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
Trump’s official X account reposted the announcement. It seems she’s following the same playbook as a result of over 88% of the availability is held by a single pockets, in response to information from Dexscreener. On the time of this writing, the token is buying and selling at round $4 and a $4 billion market cap.
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