New Delhi: Melania Trump, wife of America's newly elected President Donald Trump, has recently launched her own meme coin $MELANIA, due to which the price of Trump's meme coin $TRUMP has fallen significantly.
$MELANIA IMPACT
Melania Trump launches $MELANIA coin on January 19, 2025. This new coin registered a tremendous increase of 24,000 percent as soon as it came into the market and its price reached $13. Additionally, its market cap exceeded $13 billion. Melania announced the launch of this coin on social media and appealed to people to buy it.
$TRUMP price decline
Donald Trump's meme coin $TRUMP was also much discussed earlier. After its launch, its price jumped by 300 percent on the first day and its market cap reached $14 billion. But as soon as Melania launched her new coin, the price of $TRUMP suddenly fell by almost 50 percent.
Loss of 7.5 billion dollars
According to reports, the price of $TRUMP coin lost $7.5 billion in just 10 minutes. This happened because as soon as Melania's new coin was launched, investors started selling their old holdings and investing in $MELANIA coin, due to which the price of $TRUMP coin fell.
Be careful with cryptocurrency
Fluctuations are natural in the cryptocurrency market and the launch of a new cryptocurrency may impact older coins. Experts say that $TRUMP coin may suffer further losses due to the increasing popularity and demand of $MELANIA.
Melania's message
Melania Trump had said about her new meme coin, “This is not just a fun initiative, but also a new opportunity for my supporters. I want people to be a part of this cryptocurrency and adopt it.” His message inspired his supporters to buy $MELANIA coin and its price skyrocketed. Read Also: As soon as they saw the young girl, a crowd of 40 Muslims started taking off their clothes, everyone laughed and raped the student.
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