Trump vs Melania: TRUMP coin plummets over 50% after MELANIA meme coin launch

Donald Trump Melania Trump India cryptocurrency market meme coins market decline

21.01.2025 - 04:27

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economictimes.indiatimes.com:

meme coin of President-elect Donald Trump, saw its value drop by over 50% after Melania Trump introduced her own meme coin, MELANIA.

TRUMP reached an all-time high of $75.35 within the past 24 hours but was trading at $53.40 at 10:55 am, with a day's low of $35, reflecting a 53% decline. This sell-off erased nearly $5 billion from its market value, which peaked at approximately $15 billion earlier in the day.

The sharp decline pushed TRUMP out of the top two meme coins by market capitalization, as Shiba Inu (SHIB) reclaimed the second spot. Earlier in the day, TRUMP had surpassed both SHIB and PEPE to rank among the top meme coins.

Crypto TrackerTOP COIN SETSCrypto Blue Chip — 515.07% BuyBTC 50 :: ETH 5010.79% BuySmart Contract Tracker10.61% BuyWeb3 Tracker-0.25% BuyNFT & Metaverse Tracker-0.49% BuyTOP COINS (₹) XRP286 (6.55%)BuyEthereum290,927 (6.24%)BuyBitcoin9,363,395 (3.23%)BuyTether86 (0.15%)BuySolana22,380 (-11.28%)Buy

Meanwhile, Melania Trump launched her own meme coin MELANIA on Monday. The Solana-based meme coin rapidly achieved a valuation of $12 billion within three hours of its launch.

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Also Read: Melania Trump launches her own meme coin following Donald Trump's crypto move

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