MELANIACoin
247,546 views
136 Discussing
Hot
Latest
“Love fades, wallets dump – the $MELANIA meme coin meltdown”
While Mr. Trump is out there buying Bitcoin for the nation like a true crypto patriot, his first lady Melania is quietly… unloading her bags in a way that made the whole market blush.
• $MELANIA soared to $13, then plunged to $0.38.
• Devs held 92% of the supply, and dumped over 23 million tokens — talk about “rugging with grace.”
Some are calling it:
“An emotional exit from the First Lady. Stronger than any Fed rate hike.”
Meanwhile, her NFT auction started at 1,800 SOL, but rumors say she bought it herself through a burner wallet. If that’s true, we’re not in Web3 anymore — we’re in Web-Me.
⸻
Laki stares at the sky, sketching his lucky charm, wondering:
“Wife dumps, husband buys BTC — is this household playing long and short against each other?”
⸻
#Lakilakila #MELANIACoin #trumpcoin #CryptoDrama #BinanceSquare
While Mr. Trump is out there buying Bitcoin for the nation like a true crypto patriot, his first lady Melania is quietly… unloading her bags in a way that made the whole market blush.
• $MELANIA soared to $13, then plunged to $0.38.
• Devs held 92% of the supply, and dumped over 23 million tokens — talk about “rugging with grace.”
Some are calling it:
“An emotional exit from the First Lady. Stronger than any Fed rate hike.”
Meanwhile, her NFT auction started at 1,800 SOL, but rumors say she bought it herself through a burner wallet. If that’s true, we’re not in Web3 anymore — we’re in Web-Me.
⸻
Laki stares at the sky, sketching his lucky charm, wondering:
“Wife dumps, husband buys BTC — is this household playing long and short against each other?”
⸻
#Lakilakila #MELANIACoin #trumpcoin #CryptoDrama #BinanceSquare
ZK/USDT
Buy
Price/Amount
0.0576/200
See original
🚨 **MELANIA COIN DUMP $4.6 MILLION! PROJECT TEAM SELLS OUT, PRICE DROPS 97%!** 🚨
🔥 **WHALE & TEAM DUMP 42 MILLION TOKENS ($23 MILLION)!**
Meme coin based on Solana **$MELANIA** (inspired by the First Lady of the USA) is **COLLAPSED** after the project team sold massively!
📌 **SHOCKING FACTS:**
▪️ **10 Million Tokens ($4.6 Million)** sold in the **last 8 days**!
▪️ **Total of 42 Million Tokens ($23 Million)** sold since March!
▪️ **Price dropped 97%** from ATH $13.70 → Now just **$0.38**!
💡 **WHY IS THIS DANGEROUS?**
1️⃣ **The team uses DCA (Dollar-Cost Averaging) strategy** to sell quietly without shaking the market!
2️⃣ **Funds are immediately converted to USDC & withdrawn** → Indicates they **DO NOT TRUST** their own project!
3️⃣ **Initial hype only relied on the name of Melania Trump** → No real utility!
🎯 **IMPORTANT LESSONS:**
✅ **AVOID MEME COINS WITHOUT UTILITY!** High risk of significant losses!
✅ **CHECK ON-CHAIN ACTIVITY!** Do team wallets often sell? Be cautious!
✅ **ALTCOINS ARE SAFER:** **$SOL $BONK $WIF** still have strong fundamentals!
⚠️ **HARSH WARNING:**
Don't get caught in **FOMO buy the dip**! **$MELANIA could drop further** if the team continues to sell!
👇 **CHECK LIVE PRICE OF $MELANIA:**
**$MELANIA $SOL $BONK**
💬 **COMMENT BELOW!**
Have you ever invested in a coin whose team dumped like this? **What were the lessons learned?** 👇
#MELANIACoin #memecoin #rugpullalert #dyor 🔍
🔥 **BONUS:**
Want to find potential meme coins? **Make sure:**
1️⃣ The team has locked liquidity
2️⃣ High volume & active community
3️⃣ There is a clear roadmap
**$MELANIA is an example OF HOW NOT TO CHOOSE A MEME COIN!**
🔥 **WHALE & TEAM DUMP 42 MILLION TOKENS ($23 MILLION)!**
Meme coin based on Solana **$MELANIA** (inspired by the First Lady of the USA) is **COLLAPSED** after the project team sold massively!
📌 **SHOCKING FACTS:**
▪️ **10 Million Tokens ($4.6 Million)** sold in the **last 8 days**!
▪️ **Total of 42 Million Tokens ($23 Million)** sold since March!
▪️ **Price dropped 97%** from ATH $13.70 → Now just **$0.38**!
💡 **WHY IS THIS DANGEROUS?**
1️⃣ **The team uses DCA (Dollar-Cost Averaging) strategy** to sell quietly without shaking the market!
2️⃣ **Funds are immediately converted to USDC & withdrawn** → Indicates they **DO NOT TRUST** their own project!
3️⃣ **Initial hype only relied on the name of Melania Trump** → No real utility!
🎯 **IMPORTANT LESSONS:**
✅ **AVOID MEME COINS WITHOUT UTILITY!** High risk of significant losses!
✅ **CHECK ON-CHAIN ACTIVITY!** Do team wallets often sell? Be cautious!
✅ **ALTCOINS ARE SAFER:** **$SOL $BONK $WIF** still have strong fundamentals!
⚠️ **HARSH WARNING:**
Don't get caught in **FOMO buy the dip**! **$MELANIA could drop further** if the team continues to sell!
👇 **CHECK LIVE PRICE OF $MELANIA:**
**$MELANIA $SOL $BONK**
💬 **COMMENT BELOW!**
Have you ever invested in a coin whose team dumped like this? **What were the lessons learned?** 👇
#MELANIACoin #memecoin #rugpullalert #dyor 🔍
🔥 **BONUS:**
Want to find potential meme coins? **Make sure:**
1️⃣ The team has locked liquidity
2️⃣ High volume & active community
3️⃣ There is a clear roadmap
**$MELANIA is an example OF HOW NOT TO CHOOSE A MEME COIN!**
Feed-Creator-71ee8402b:
krluarga trump emang penipu semua
🚀 Melania Coin Up 10,000%! 🚀
If $MELANIA can hit 10,000% gains, what’s stopping us from launching our own coin? 😎💸
The memecoin craze is real, and the opportunities are endless. Imagine getting in early on the next big thing—could our coin be the next viral sensation?
Who's ready to make history? 🏆
#MelaniaCoin #NextBigCrypto #MemeCoinFrenzy #CryptoRevolution #LetsDoIt
If $MELANIA can hit 10,000% gains, what’s stopping us from launching our own coin? 😎💸
The memecoin craze is real, and the opportunities are endless. Imagine getting in early on the next big thing—could our coin be the next viral sensation?
Who's ready to make history? 🏆
#MelaniaCoin #NextBigCrypto #MemeCoinFrenzy #CryptoRevolution #LetsDoIt
See original
Disgusting manipulative bastards taking meme coins as if nothing, it's disgusting, there should be something that regulates such trash, it borders on illegality.
#TRUMP #MELANIACoin 🤮
#TRUMP #MELANIACoin 🤮
🚨🔥 Meme Wars Begin: $TRUMP vs. his wife $MELANIA! Meme. Who Will Reign? 💥👑
Alert: his wife has just launched her meme coin!!!
The hype around $TRUMP coin drove its price to an incredible $75, but a sudden reversal has seen it crash to $40. Why? Enter $MELANIA coin! With Melania’s meme coin gaining traction, it seems the market’s attention is shifting.
Meme coins are exciting but unpredictable. Is $MELANIA the new favorite, or will $TRUMP make a comeback? Stay sharp and trade wisely
!
#TRUMPOnBinance #MELANIACoin
Alert: his wife has just launched her meme coin!!!
The hype around $TRUMP coin drove its price to an incredible $75, but a sudden reversal has seen it crash to $40. Why? Enter $MELANIA coin! With Melania’s meme coin gaining traction, it seems the market’s attention is shifting.
Meme coins are exciting but unpredictable. Is $MELANIA the new favorite, or will $TRUMP make a comeback? Stay sharp and trade wisely
!
#TRUMPOnBinance #MELANIACoin
🚀 $TRUMP Coins Set to Moon! 🇺🇸🔥
The Trump-themed meme coins are making waves! 🌊 $TRUMP hit $8B market cap.
💡 With Trump’s pro-crypto stance and new regulations incoming, the future looks MEGA bullish! 🚀
⏳ Early buyers are winning BIG—Don’t get left behind! Buy now before liftoff! 🏆💰
#TrumpCoin #MelaniaCoin #CryptoMoon #MemeCoinSeason #Bullish
The Trump-themed meme coins are making waves! 🌊 $TRUMP hit $8B market cap.
💡 With Trump’s pro-crypto stance and new regulations incoming, the future looks MEGA bullish! 🚀
⏳ Early buyers are winning BIG—Don’t get left behind! Buy now before liftoff! 🏆💰
#TrumpCoin #MelaniaCoin #CryptoMoon #MemeCoinSeason #Bullish
💎 The Real Truth Behind the MELANIA Coin! 🚨
💎 The Real Truth Behind the MELANIA Coin! 🚨
$TRUMP
The MELANIA coin has been the center of attention in the crypto world, sparking intrigue and speculation. But what’s the real story behind this trending token? Let’s dive in!
🔍 What Is MELANIA Coin?
MELANIA coin, named after the former First Lady of the United States, emerged as part of the Trump-themed crypto trend, alongside TRUMP and IVANKA tokens. These coins aim to capitalize on meme culture and political hype, making them popular among speculative traders.
📈 Current Market Activity:
Price Movement: MELANIA coin recently saw a sharp rise, followed by a correction, with whales making significant moves.
Whale Alert: A prominent whale recently transferred $8.88 million worth of MELANIA tokens, fueling rumors of a new rally on the horizon.
💡 Why It’s Trending:
1️⃣ Meme Culture Meets Politics: Combining crypto with political figures has created massive market buzz.
2️⃣ High Risk, High Reward: Meme coins like MELANIA are highly volatile but attract traders looking for quick gains.
3️⃣ Whale Activity: Large-scale transfers often hint at potential price swings, drawing attention from traders.
🚀 Should You Buy MELANIA Coin?
While it’s trending, always remember meme coins are speculative and carry high risks. Do your research, set clear risk management strategies, and never invest more than you’re willing to lose.
💬 What’s your take on MELANIA coin? Meme potential or long-term opportunity? Let’s discuss below!👇
#MELANIACoin #Memecoins🤑🤑 #CryptoTrends #BinanceSquareBTC #CryptoNewss
$TRUMP
The MELANIA coin has been the center of attention in the crypto world, sparking intrigue and speculation. But what’s the real story behind this trending token? Let’s dive in!
🔍 What Is MELANIA Coin?
MELANIA coin, named after the former First Lady of the United States, emerged as part of the Trump-themed crypto trend, alongside TRUMP and IVANKA tokens. These coins aim to capitalize on meme culture and political hype, making them popular among speculative traders.
📈 Current Market Activity:
Price Movement: MELANIA coin recently saw a sharp rise, followed by a correction, with whales making significant moves.
Whale Alert: A prominent whale recently transferred $8.88 million worth of MELANIA tokens, fueling rumors of a new rally on the horizon.
💡 Why It’s Trending:
1️⃣ Meme Culture Meets Politics: Combining crypto with political figures has created massive market buzz.
2️⃣ High Risk, High Reward: Meme coins like MELANIA are highly volatile but attract traders looking for quick gains.
3️⃣ Whale Activity: Large-scale transfers often hint at potential price swings, drawing attention from traders.
🚀 Should You Buy MELANIA Coin?
While it’s trending, always remember meme coins are speculative and carry high risks. Do your research, set clear risk management strategies, and never invest more than you’re willing to lose.
💬 What’s your take on MELANIA coin? Meme potential or long-term opportunity? Let’s discuss below!👇
#MELANIACoin #Memecoins🤑🤑 #CryptoTrends #BinanceSquareBTC #CryptoNewss
TRUMP VS MELANIA MEME COIN!WHAT’S HAPPENING IN THE CRYPTO MARKET
Donald Trump and his wife have turned the entire crypto market red.
Melania Trump, the wife of President-elect Donald Trump. Recently, Melania Trump launched her own meme coin named MELANIA on the Solana blockchain. This initiative follows the introduction of the TRUMP token by Donald Trump. The MELANIA token experienced a rapid increase in value, reaching a fully diluted valuation of approximately $5.69 billion shortly after its launch.
The token distribution for MELANIA allocates 45% to the community, public distribution, and liquidity provision on decentralized exchanges. The remaining tokens are divided as follows: 20% for the project's treasury and 35% for the team. Notably, the team's tokens are set to vest over 13 months, with a 30-day cliff and monthly vesting periods.
It's important to highlight that the launch of MELANIA had a significant impact on the TRUMP token, causing its price to drop by as much as 48%. This development has raised questions within the cryptocurrency community regarding the advisement and strategy behind these token launches.
For those interested in the current market performance of the MELANIA token, platforms like CoinMarketCap provide real-time data, including price charts and market capitalization.
In summary, Melania Trump's foray into the cryptocurrency space with the MELANIA token has garnered significant attention, mirroring the earlier introduction of the TRUMP token by Donald Trump. Both tokens have experienced substantial market activity, reflecting the dynamic nature of the cryptocurrency market.
January 20, 2025, the MELANIA token is trading at approximately $0.2919 USD, with a 24-hour trading volume of around $711,006.12 USD. It's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate significantly within short periods.
How to Purchase MELANIA Tokens:
To acquire MELANIA tokens, follow these steps:
1. Set Up a Solana-Compatible Wallet:
Download and install a wallet that supports Solana tokens, such as Phantom or Sollet.
Create a new wallet and securely back up your seed phrase.
2. Fund Your Wallet with SOL:
Purchase Solana (SOL) tokens from a reputable cryptocurrency exchange like Binance etc
Transfer the SOL tokens to your newly created wallet by copying your wallet's public address and initiating a transfer from the exchange.
$TRUMP
$MELANIA
$SOL
#BinanceSquare
#ZainCrypto
#Melaniamemecoin
#MELANIACoin
Melania Trump, the wife of President-elect Donald Trump. Recently, Melania Trump launched her own meme coin named MELANIA on the Solana blockchain. This initiative follows the introduction of the TRUMP token by Donald Trump. The MELANIA token experienced a rapid increase in value, reaching a fully diluted valuation of approximately $5.69 billion shortly after its launch.
The token distribution for MELANIA allocates 45% to the community, public distribution, and liquidity provision on decentralized exchanges. The remaining tokens are divided as follows: 20% for the project's treasury and 35% for the team. Notably, the team's tokens are set to vest over 13 months, with a 30-day cliff and monthly vesting periods.
It's important to highlight that the launch of MELANIA had a significant impact on the TRUMP token, causing its price to drop by as much as 48%. This development has raised questions within the cryptocurrency community regarding the advisement and strategy behind these token launches.
For those interested in the current market performance of the MELANIA token, platforms like CoinMarketCap provide real-time data, including price charts and market capitalization.
In summary, Melania Trump's foray into the cryptocurrency space with the MELANIA token has garnered significant attention, mirroring the earlier introduction of the TRUMP token by Donald Trump. Both tokens have experienced substantial market activity, reflecting the dynamic nature of the cryptocurrency market.
January 20, 2025, the MELANIA token is trading at approximately $0.2919 USD, with a 24-hour trading volume of around $711,006.12 USD. It's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate significantly within short periods.
How to Purchase MELANIA Tokens:
To acquire MELANIA tokens, follow these steps:
1. Set Up a Solana-Compatible Wallet:
Download and install a wallet that supports Solana tokens, such as Phantom or Sollet.
Create a new wallet and securely back up your seed phrase.
2. Fund Your Wallet with SOL:
Purchase Solana (SOL) tokens from a reputable cryptocurrency exchange like Binance etc
Transfer the SOL tokens to your newly created wallet by copying your wallet's public address and initiating a transfer from the exchange.
$TRUMP
$MELANIA
$SOL
#BinanceSquare
#ZainCrypto
#Melaniamemecoin
#MELANIACoin
$TRUMP
Hi, I'm Javeria, and in this investigative report, we expose the shocking connection between Melania Coin and Libra Token, revealing a web of controversy, alleged scams, and millions of dollars lost by investors.Melania Coin's Troubled Past Revealed: Libra Token Connection Exposed
The Melania coin has been embroiled in controversy, and recent investigations have uncovered a shocking connection to the Libra token. According to a joint investigation by Blockchain analytics firm Bubblemaps and scam detective Coffezilla, the teams behind the Libra token were also involved in launching the Melania token ¹.
This revelation has sparked outrage among investors, who have lost millions in the alleged scam. The investigation revealed significant links between the Libra and Melania tokens through on-chain activity and wallet transfers. Notably, a wallet address labeled "0xcEA" was involved in both projects, profiting $2.4 million from Melania and $6 million from Libra ¹.
Hayden Davis, a key figure behind Libra, admitted to being part of the Melania launch in an interview with Coffezilla. However, Davis denied making any money from the launch and blamed high-frequency traders for the token's price collapse ¹.
The Melania coin's price has been volatile, reaching an all-time high of $13.73 on January 20, 2025, before plummeting 90.59% to its current price of $1.29 ². As the controversy surrounding the Melania coin continues to unfold, investors are advised to exercise caution and conduct thorough research before making any investment decisions.
*Current Melania Coin Statistics:*
- _Market Cap:_ $629.62M
- _Volume (24h):_ $53.35M
- _Circulating Supply:_ 487.31M MELANIA
- _All-time High:_ $13.73 (January 20, 2025) ²#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #MELANIACoin #Libratoken #BlockchainSecurity"
Hi, I'm Javeria, and in this investigative report, we expose the shocking connection between Melania Coin and Libra Token, revealing a web of controversy, alleged scams, and millions of dollars lost by investors.Melania Coin's Troubled Past Revealed: Libra Token Connection Exposed
The Melania coin has been embroiled in controversy, and recent investigations have uncovered a shocking connection to the Libra token. According to a joint investigation by Blockchain analytics firm Bubblemaps and scam detective Coffezilla, the teams behind the Libra token were also involved in launching the Melania token ¹.
This revelation has sparked outrage among investors, who have lost millions in the alleged scam. The investigation revealed significant links between the Libra and Melania tokens through on-chain activity and wallet transfers. Notably, a wallet address labeled "0xcEA" was involved in both projects, profiting $2.4 million from Melania and $6 million from Libra ¹.
Hayden Davis, a key figure behind Libra, admitted to being part of the Melania launch in an interview with Coffezilla. However, Davis denied making any money from the launch and blamed high-frequency traders for the token's price collapse ¹.
The Melania coin's price has been volatile, reaching an all-time high of $13.73 on January 20, 2025, before plummeting 90.59% to its current price of $1.29 ². As the controversy surrounding the Melania coin continues to unfold, investors are advised to exercise caution and conduct thorough research before making any investment decisions.
*Current Melania Coin Statistics:*
- _Market Cap:_ $629.62M
- _Volume (24h):_ $53.35M
- _Circulating Supply:_ 487.31M MELANIA
- _All-time High:_ $13.73 (January 20, 2025) ²#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #MELANIACoin #Libratoken #BlockchainSecurity"
#TrumpMarketWatch
#MELANIACoin
MELANIA memecoin whale nets $36.5M profit amid 'rug pull' concerns
FOLLOW US FOR MORE UPDATE CRYPTO WORLD 🌎
One crypto trader invested $800,000 into Melania Trump’s official memecoin, dubbed Official Melania Meme (MELANIA), and generated over 1,950% in profits,
MELANIA’s 25,600% price surge mints millionaires
The Solana user, identified by the address 4zo6…zHF2, bought 800,000 USD Coin (USDC) on Jan. 20 and turned those holdings into 16.45 million USDC, amounting to nearly 2000% in gains within just 12 hours.
Is MELANIA a “rug pull”?
Following the MELANIA memecoin launch, some analysts have raised concerns about its token distribution, website security, and team organization.
Blockchain analytics platform Bubblemaps revealed that nearly 90% of MELANIA’s token supply is held in a single wallet, contradicting the project’s claims of fairly distributed allocation.
#MELANIACoin
MELANIA memecoin whale nets $36.5M profit amid 'rug pull' concerns
FOLLOW US FOR MORE UPDATE CRYPTO WORLD 🌎
One crypto trader invested $800,000 into Melania Trump’s official memecoin, dubbed Official Melania Meme (MELANIA), and generated over 1,950% in profits,
MELANIA’s 25,600% price surge mints millionaires
The Solana user, identified by the address 4zo6…zHF2, bought 800,000 USD Coin (USDC) on Jan. 20 and turned those holdings into 16.45 million USDC, amounting to nearly 2000% in gains within just 12 hours.
Is MELANIA a “rug pull”?
Following the MELANIA memecoin launch, some analysts have raised concerns about its token distribution, website security, and team organization.
Blockchain analytics platform Bubblemaps revealed that nearly 90% of MELANIA’s token supply is held in a single wallet, contradicting the project’s claims of fairly distributed allocation.
See original
#TRUMP coins already, will #MELANIACoin be the same??
Don't try to enter if you can't stand the risk that is too high
Don't try to enter if you can't stand the risk that is too high
#MELANIACoin The live Official Melania Meme price today is $2.32 USD with a 24-hour trading volume of $72,406,830 USD. Official Melania Meme is down 3.91% in the last 24 hours. The current CoinMarketCap ranking is #153, with a live market cap of $400,260,775 USD. It has a circulating supply of 172,653,434 MELANIA coins and a max. supply of 1,000,000,000 MELANIA coins.
Melania Trump’s $MELANIA Meme Coin: Launch and Price Movements
When the $MELANIA meme coin launched, it initially surged to around $10 USD, driven by hype and the involvement of Melania Trump. However, the excitement quickly faded, and the price dropped sharply to about $0.09 USD, reflecting the typical volatility of meme coins.
Price Change
Initial Surge: $MELANIA spiked to $10 on launch.
Subsequent Decline: The price fell dramatically to $0.09 as the initial hype faded.
Analyst Views on the Future
Analysts suggest that $MELANIA's price volatility is typical of meme coins, which often rely on speculation and community-driven trends. Without strong use cases or sustained interest, the coin could continue to face large price fluctuations. Experts advise caution, as meme coins are highly unpredictable and carry significant risks for investors.
If the coin manages to find ongoing utility or maintain community support, it could stabilize. However, without these factors, the coin could see further drops.
#melania #MELANIACoin #TRUMPOnBinance #trump #TRUMPCoinMarketCap
$SOL $TRUMP $BNB
When the $MELANIA meme coin launched, it initially surged to around $10 USD, driven by hype and the involvement of Melania Trump. However, the excitement quickly faded, and the price dropped sharply to about $0.09 USD, reflecting the typical volatility of meme coins.
Price Change
Initial Surge: $MELANIA spiked to $10 on launch.
Subsequent Decline: The price fell dramatically to $0.09 as the initial hype faded.
Analyst Views on the Future
Analysts suggest that $MELANIA's price volatility is typical of meme coins, which often rely on speculation and community-driven trends. Without strong use cases or sustained interest, the coin could continue to face large price fluctuations. Experts advise caution, as meme coins are highly unpredictable and carry significant risks for investors.
If the coin manages to find ongoing utility or maintain community support, it could stabilize. However, without these factors, the coin could see further drops.
#melania #MELANIACoin #TRUMPOnBinance #trump #TRUMPCoinMarketCap
$SOL $TRUMP $BNB
🚨 Melania Trump Enters the Crypto Game with $MELANIA – The Next Big Meme Coin?🚨
The First Lady is making waves in the crypto space with the launch of $MELANIA, following the explosive success of $TRUMP coin. 💥
🔑 Key Highlights:
✔️ Rapid market adoption with skyrocketing demand.
✔️ Unique tokenomics designed to rival $TRUMP .
✔️ Strong backing and growing community support.
✔️ Potential for massive gains as the hype builds!
Is $MELANIA the next big meme coin to take over the market? Don't miss out on this potential moonshot! 🚀
#MelaniaCoin #TrumpCoin #Altcoins #CryptoNews #Investing
The First Lady is making waves in the crypto space with the launch of $MELANIA, following the explosive success of $TRUMP coin. 💥
🔑 Key Highlights:
✔️ Rapid market adoption with skyrocketing demand.
✔️ Unique tokenomics designed to rival $TRUMP .
✔️ Strong backing and growing community support.
✔️ Potential for massive gains as the hype builds!
Is $MELANIA the next big meme coin to take over the market? Don't miss out on this potential moonshot! 🚀
#MelaniaCoin #TrumpCoin #Altcoins #CryptoNews #Investing
Solana Surges Amid Meme Coin Mania: Can It Sustain the Momentum?
Solana blockchain has seen a sharp increase in activity, driven by the explosive popularity of meme coins $TRUMP and $MELANIA. This surge has led to record-breaking network fees and revenue, although the price of $SOL SOL is beginning to show signs of volatility.
The spike in demand for these meme coins has pushed Solana’s daily network fees to 36 million, a 176% jump from the previous day. Revenue from these fees hit 18 million, marking a 200% increase from the day before, according to DefiLlama.
However, the rally is not without its challenges. Following the surge in activity, SOL’s price reached an all-time high of 292.21$ on January 19, but has since dropped to 263.69$, reflecting a 10% decline. This price drop has led to increased bearish sentiment, with futures traders opening short positions. SOL’s funding rate, which had dipped to -0.09%, indicated a bearish outlook.
Despite this, sentiment has shifted, with the funding rate recovering to 0.0059%, suggesting that traders are becoming more optimistic. If this bullish momentum continues, SOL could push past its previous all-time high of 295.83$ and aim for new heights. Conversely, if selling pressure intensifies, the price could fall to 239.39$.
Material prepared by the exchange: coytx.com
Warning: Trading cryptocurrencies involves a high level of risk. Please consider your risk tolerance and only invest funds you can afford to lose.
#solana #TRUMPcoin #MELANIACoin #sol #crptonews
Solana blockchain has seen a sharp increase in activity, driven by the explosive popularity of meme coins $TRUMP and $MELANIA. This surge has led to record-breaking network fees and revenue, although the price of $SOL SOL is beginning to show signs of volatility.
The spike in demand for these meme coins has pushed Solana’s daily network fees to 36 million, a 176% jump from the previous day. Revenue from these fees hit 18 million, marking a 200% increase from the day before, according to DefiLlama.
However, the rally is not without its challenges. Following the surge in activity, SOL’s price reached an all-time high of 292.21$ on January 19, but has since dropped to 263.69$, reflecting a 10% decline. This price drop has led to increased bearish sentiment, with futures traders opening short positions. SOL’s funding rate, which had dipped to -0.09%, indicated a bearish outlook.
Despite this, sentiment has shifted, with the funding rate recovering to 0.0059%, suggesting that traders are becoming more optimistic. If this bullish momentum continues, SOL could push past its previous all-time high of 295.83$ and aim for new heights. Conversely, if selling pressure intensifies, the price could fall to 239.39$.
Material prepared by the exchange: coytx.com
Warning: Trading cryptocurrencies involves a high level of risk. Please consider your risk tolerance and only invest funds you can afford to lose.
#solana #TRUMPcoin #MELANIACoin #sol #crptonews
Login to explore more contents