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Trump’s new meme coin rattles cryptocurrency market

IndiaTimes Monday, 20 January 2025
President-elect Donald Trump's newly debuted digital token, trading under the “Trump” ticker on the Solana blockchain, surged to a $15 billion market value over the weekend, causing major speculative activity within the cryptocurrency market. However, its value decreased to below $10 billion following the launch of a similar token by his wife, Melania.
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Video Credit: Oneindia - Published
News video: $MELANIA's Big Blow To $TRUMP: What Are Meme Coins Launched By U.S President-Elect and His wife?

$MELANIA's Big Blow To $TRUMP: What Are Meme Coins Launched By U.S President-Elect and His wife? 03:22

 Melania Trump’s $MELANIA coin caused a 28% crash in Donald Trump’s $TRUMP coin after her token reached a $5B valuation within 30 minutes of launch. The memecoin, aimed at supporting the incoming First Lady, was introduced ahead of Trump’s inauguration. $MELANIA saw volatile market activity,...

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