TRUMP crashes 30% as MELANIA launches her own memecoin
Melania Trump’s memecoin launched after Donald Trump’s official TRUMP token reached a $15 billion market cap before falling nearly 30%.
United States President-Elect Donald Trump’s controversial memecoin fell 28% as the incoming first lady Melania Trump launched a memecoin of her own, notching a $4 billion market cap within the first half hour of launch.
The MELANIA memecoin was promoted on Melania Trump’s X account to her 3.2 million followers and was retweeted by the incoming US President shortly after.
The MELANIA token’s market cap soared above $4 billion within the first half hour of it launching, DEXScreener data shows.
Around the same time, Donald Trump’s OFFICIAL TRUMP (TRUMP) token saw $5 billion wiped off its market cap, CoinMarketCap data shows.
The memecoin was created to express “support” and “engagement” for Melanie Trump and is “not intended” to be an investment opportunity.
35% of the tokens will be distributed to team vesting, 20% to both treasury and community, 15% to the public and 10% in liquidity, Melania Trump’s meme page states.
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Author: Brayden Lindrea
