Melania and Trump quarrel, CoinMarketCap homepage fluctuates sharply

On the eve of Trump's inauguration, Trump and Melania quietly launched memecoin (Trump coin and Melania coin) through social media, which caused a sensation in the crypto community. Although not publicly announced, the couple's new token quickly climbed the CoinMarketCap and CoinGecko rankings.

Trump launched the $TRUMP token at 9 pm on Saturday, admitting that 80% of the supply was allocated to insiders and purchased through the fiat currency entry Moonshot. In less than 24 hours, the market value of the TRUMP token was close to $15 billion, ranking 12th, and the fully diluted valuation surpassed Dogecoin.

However, the $MELANIA token launched by Melania caused greater market volatility. Although her token also rose rapidly, the price of $TRUMP fell sharply after she posted a tweet, from $72 to $62, and then to $38 within 10 minutes. In just 16 minutes, $TRUMP's market value evaporated by $34 billion.

The combined market value of $TRUMP and $MELANIA tokens was close to $88 billion at their peak, but they eventually lost more than a third of their value. Despite this, the turmoil still brought widespread attention to Trump and Melania's cryptocurrency projects.

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