Following the launch of US President Donald Trump's TRUMP) $TRUMP memecoin, his wife, Melania Trump, unveiled her own memecoin project, #MELANIA.
Trump retweeted the announcement, expressing his support. This news triggered a significant downturn in the cryptocurrency market.
TRUMP) $TRUMP plummeted below $50, while LUNC $LUNC dipped under $0.000085. Other major cryptocurrencies like SOL = $SOL, ETHO $ETH, and BNB $BNB also experienced declines.
We're witnessing one of the darkest periods for cryptocurrencies, with a system meticulously built over years now shaken by the impact of just two memecoins.
