MELANIA meme token experiences 88% decline as crypto market faces downturn

2nd March 2025 – (New York) The recent downturn in the broader cryptocurrency market has taken a toll on numerous digital assets, including Official Melania Meme (MELANIA), which was launched alongside Official TRUMP by Donald Trump’s wife. At the time of writing, MELANIA was trading below $0.86, reflecting a 32% drop over the past week and an alarming 88% decline since its debut. Its value has plummeted nearly 94% from an all-time high of $13.73

Data from Lookonchain indicates that several significant traders have incurred substantial losses in recent days. One prominent investor, for instance, spent 30 million USDC to acquire 13.97 million MELANIA tokens last month, only to sell them for 14.32 million USDC, resulting in a staggering loss of $15.68 million. Another trader faced a similar fate, purchasing 6.69 million MELANIA for 10 million USDC in early February and later selling them for just 6.27 million USDC, incurring a loss of $3.73 million.

In light of these developments, consumer rights organisations are calling on the U.S. Department of Justice to investigate the TRUMP memecoin for potential breaches of anti-corruption laws. California Democratic Congressman Sam Liccardo has also introduced the Modern Emoluments and Malfeasance Eradication (MEME) Act, aiming to prevent lawmakers from profiting from meme-based assets. This legislation appears to target Donald Trump directly, who has reportedly made significant profits from TRUMP, despite its market value dropping by billions shortly after its launch earlier this year

As political memecoins continue to attract scrutiny and criticism, the future of MELANIA and similar tokens remains uncertain, particularly as lawmakers seek to regulate the intersection of politics and cryptocurrency