Jan 20, 2025 08:06 AM IST
Donald Trump’s memecoin saw a rapid rise before crashing 40% after the launch of Melania Trump’s $MELANIA coin, which surged to a $5 billion market cap.
The crypto world was rocked this weekend as Donald Trump’s “official” memecoin made a grand debut ahead of his inauguration, briefly soaring in value before crashing spectacularly. Melania Trump, the incoming First Lady introduced her own meme coin, $MELANIA, on January 20 (late Sunday US time). This new coin caused a temporary 50% drop in the value of her husband’s $TRUMP memecoin.
