TRUMP, MELANIA tokens crash hardest as memecoins bleed
Memecoins underperform the broader crypto market after double-digit daily losses fueled by sharp drops in TRUMP and MELANIA tokens.
Trump family memecoins are among the worst-performing cryptocurrencies over the last 24 hours, wiping out a significant part of the gains made during the Donald Trump-fueled rally in the run-up to his inauguration on Jan. 20.
Official memecoin of US President Donald Trump, Official TRUMP (TRUMP), slid around 50% after the President made no crypto-related “day one” executive orders.
The token peaked above $78 on Jan. 19 and dropped to $37 following the inauguration, down 30% over the last 24 hours.
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Author: Nancy Lubale
