Melania Trump Memecoin Takes Over:

Trump has given a ray of hope to the downmarket with its new crypto policies and market cheered his crypto centric election campaign wholeheartedly. The crypto turned to a Trillion dollar industry with Trump’s win. However, the market got more interested with the debut of Donald Trump’s TRUMP meme coin, which initially jumped to a whopping $14 billion market cap. This made it one of the top 20 cryptocurrencies by value, but the excitement was short-lived. With rumors of Trump gearing for many executive orders the market is in a mixed state.

Meanwhile, Trump’s wife, the first US lady, has announced that the MELANIA coin, via her social media, caused a dramatic 40% crash in TRUMP’s value. In a matter of minutes, $7.5 billion was wiped from its market cap as traders shifted their focus to Melania’s coin.