TRUMP Token Plummets 50% as Melania Trump Debuts Her Own Meme Coin
The Trump family doubles down on the crypto craze, but the market reacts sharply as the TRUMP token takes a nosedive.
The crypto world experienced another turbulent twist in the past 24 hours as Melania Trump, wife of U.S. President-elect Donald Trump, launched her own meme coin, further shaking an already volatile market.
TRUMP Token’s Meteoric Rise and Fall
Just days after Donald Trump’s TRUMP meme coin soared to a multi-billion-dollar market cap, the token has now plummeted over 50% in value within hours. The dramatic crash has left investors scrambling as the once high-flying token stumbled from its meteoric highs.
Melania Joins the Crypto Frenzy
In an unexpected move, Melania Trump announced her own meme coin shortly after her husband’s token took the crypto world by storm. Her initiative was amplified when Donald Trump’s official X account reposted her announcement, lending credence to the new project.
According to data from Dexscreener, Melania’s token bears a striking resemblance to her husband’s approach. A staggering 88% of the token’s supply is reportedly held by a single wallet, raising questions about its structure and intentions.
At the time of writing, Melania’s token is trading at $4, with a market cap of $4 billion, an impressive start despite skepticism over the distribution and market dynamics.
Market Uncertainty Grows
The simultaneous crash of the TRUMP token and the launch of Melania’s meme coin have injected uncertainty and volatility into the market. While some see this as a unique opportunity, others view it as a sign of manipulation, with large holders potentially controlling the market.
What’s Next?
As the Trump family’s crypto ventures dominate headlines, investors are urged to tread carefully. The speculative nature of meme coins, coupled with their connection to high-profile figures, adds layers of complexity and risk.
Stay tuned as the crypto world watches to see whether Melania’s token will soar or fizzle out and how the TRUMP token recovers from its sharp decline.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct thorough research before making financial decisions.
