EddieJayonCrypto
20 Jan 25
The cryptocurrency market experienced a significant event with the launch of a meme coin by former U.S. President Donald Trump, which rapidly gained billions in market capitalization before plummeting by over 50% within hours. Furthermore, Melania Trump has also announced the launch of her own meme ...
The cryptocurrency market experienced a significant event with the launch of a meme coin by former U.S. President Donald Trump, which rapidly gained billions in market capitalization before plummeting by over 50% within hours. Furthermore, Melania Trump has also announced the launch of her own meme coin. These developments have drawn attention to the cryptocurrency space, but caution is advised. This information is courtesy of Dexscreener and CryptoPotato. The cryptocurrency field went through a wild ride throughout the past 24 hours, witnessing the first-ever launch of a meme coin by a president of a country. And we’re not talking about just any country; we’re talking about the United States of America. Donald Trump pushed his TRUMP meme coin, which exploded and in less than two days became one of the largest cryptocurrencies, achieving billions of dollars worth of total market capitalization. Now, however, the token plunged massively, losing more than 50% in less than a couple of hours. Interestingly enough, Donald Trump isn’t the only member of the family launching coins. His wife Melania Trump just announced hers. "The Official Melania Meme is live! You can buy $MELANIA now." - MELANIA TRUMP Trump’s official X account reposted the announcement. It appears she’s following a similar playbook because over 88% of the supply is held by a single wallet, according to data from Dexscreener. At the time of this writing, the token is trading at around $4 and a $4 billion market cap. Tags: Donald Trump Meme coins George Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer © Copyright CryptoPotato 2016 - 2021