Melania Trump Enters the Meme Coin Scene: A Dive into the Crash of Trump's Crypto

Melania Trump Enters the Meme Coin Scene: A Dive into the Crash of Trump’s Crypto

In a surprising turn of events, the cryptocurrency market has experienced significant fluctuations following the launch of Donald Trump’s memecoin, $TRUMP. The price of this token skyrocketed to over $70 (£57), pushing its total market valuation beyond $14 billion shortly after its debut.

Market Dynamics Following $TRUMP Launch

However, the excitement was short-lived. Shortly after the introduction of $Melania, another memecoin associated with Melania Trump, the value of $TRUMP plummeted by more than 50%. Here’s a brief overview of the price changes:

  • $TRUMP price peak: $75
  • $TRUMP price drop: $30
  • $TRUMP recovery: Approximately $64
  • $Melania market capitalisation peak: $13 billion

Social Media Reaction

Social media has been abuzz with reactions to this drastic change. Notably, a tweet from The Kobeissi Letter highlighted the shocking 40% crash of $TRUMP following the release of $Melania’s token.

BREAKING: Donald Trump’s memecoin, $TRUMP, crashes over -40% as Melania Trump launches her own memecoin. This is beyond insane.

— The Kobeissi Letter (@KobeissiLetter) January 19, 2025

Impact on the Cryptocurrency Landscape

Both $TRUMP and $Melania have quickly surged into the top 20 cryptocurrencies, igniting a wave of trading activity. Many traders are liquidating their positions in other meme coins to invest in these Trump-related tokens. This surge in interest has also positively impacted Bitcoin, which has reached a new high of $108,943, coinciding with Trump’s upcoming presidential inauguration.

Upcoming Executive Order on Cryptocurrency

In a move that could further disrupt the market, Donald Trump is reportedly preparing to issue an executive order that will prioritize cryptocurrency at the national level. This directive may include:

  1. A review of existing crypto policies by all government agencies.
  2. A temporary halt on any litigation involving cryptocurrencies.
READ ALSO  Trump's National Security Adviser Allegedly Used Personal Gmail for Official Government Business

For more insights into the evolving cryptocurrency landscape, consider checking reputable sources like CoinDesk and CryptoSlate.

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