Melania Trump Joins Crypto with #MELANIACoin Shaking the $TRUMP Market
In a surprising twist, Melania Trump unveiled her cryptocurrency, #MelaniaTrumpToken on Sunday, sparking significant market movements. Her husband’s token, $TRUMP, which surged to over $70 earlier in the weekend, briefly plummeted to $40 following her announcement.
By early Monday, $TRUMP recovered to around $60, while #MELANIACoin traded at just over $10 according to BingX chart.
Both tokens, built on the Solana blockchain, highlight brand engagement rather than investment opportunities, with disclaimers stating their non-political affiliations. Interestingly, 80% of #Trump's supply is held by entities tied to the Trump Organization under a three-year lockup schedule.
As meme coins, $TRUMP and MELANIA underscore the volatile yet intriguing nature of crypto markets, blending cultural relevance with speculative trading.
Note: Meme coins are a type of highly volatile cryptocurrency inspired by popular internet or cultural trends. They carry no intrinsic value but can soar, or plummet, in price.
