Trump Family Meme Coin Crashes After Launch
Melania Trump launched her own meme coin, $MELANIA, shortly after her husband, President-elect Donald Trump, unveiled his own, $TRUMP. While $MELANIA initially saw a surge in value, reaching over $12 per coin and a $12 billion market cap, the launch coincided with a dramatic over 40% crash in the value of $TRUMP, losing over $7.5 billion in market capitalization. Both coins function as expressions of support, rather than investment opportunities, according to their respective websites. This development follows Trump’s appointment of David Sacks as his crypto and AI czar, signaling a potential shift in the nation’s approach to cryptocurrency.
John Q. Hosedrinker