By cryptoadmin Forward of his inauguration, President-elect Donald Trump launched the $TRUMP meme coin. The crypto, which had captivated consideration over the weekend, has seen a 60% dip in worth from its highest because it was established. This drop adopted a tweet from Melania Trump saying the launch of a brand new meme coin, $MELANIA.
“The official Melania meme is reside,” the incoming first girl of the U.S. posted to X, alongside a hyperlink to a web site promoting the cryptocurrency. “You should purchase $ Melania now.”
The Official Melania Meme is reside!
You should purchase $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
Trump meme coin soars to $15 B earlier than Melania’s rival coin causes 40% drop
Trump meme coin soars to $15 Billion earlier than Melania’s rival coin causes a 40% Drop.
The worth of the “official” Trump meme coin has surged since its Friday night launch, breaking into the crypto high 20 by market capitalization and hitting an eye-watering $15 billion. Now, as leaks reveal Trump is readying a flurry of crypto-focused govt orders, Trump’s spouse, Melania, has launched her personal rival cryptocurrency, tanking the worth of Trump’s coin.
To purchase these two meme cash, customers want to make use of a Solana-based alternate like Jupiter and a non-custodial pockets, similar to Phantom.
BREAKING: Donald Trump’s memecoin, $TRUMP, crashes over -40% as Melania Trump launches her personal memecoin.
That is past insane. pic.twitter.com/6Oj2GGqjqF— The Kobeissi Letter (@KobeissiLetter) January 19, 2025
X influencer Mario Nawfal mentioned that it looks like crypto is turning into a household enterprise. In keeping with on-chain knowledge, after the discharge of Melania’s coin, Trump’s meme coin plunged by roughly 40% as merchants rushed to buy the brand new token.
Early $TRUMP buyers reap enormous beneficial properties
Early buyers in Trump’s coin have skilled triple-digit proportion beneficial properties since Friday night, with some merchants lacking out as a result of they suspected Trump’s social media accounts had been hacked.
The Trump household meme coin frenzy follows David Sacks, Trump’s lately appointed crypto and synthetic intelligence czar, saying a brand new period of U.S. crypto innovation.
Sacks famous that the reign of terror in opposition to crypto is over, and the start of innovation in America for crypto has simply begun.