Trump’s Memecoin Crashes as His Wife Launches Her Own Coin

Over the weekend, the $TRUMP memecoin, which had captivated the crypto world with its meteoric rise, faced a sharp 40% dip in value on Sunday.

The drop followed a social media post of a new memecoin dedicated to his wife, Melania, called $MELANIA.

The post was first published on Melania’s profile and the retweeted by the President-elect himself.

The token’s value skyrocketed, reaching a fully diluted valuation of $5.69 billion, as per DEXscreener, though its price remains highly volatile.

Of the total supply, 45% was allocated to the community for public distribution and liquidity provision on decentralized exchanges. The remaining supply is split between the project treasury, which holds 20%, and the team, receiving 35%.

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Unlike the Trump token, this project allocates fewer tokens to insiders, but the vesting schedule is significantly shorter. Team tokens will vest over a 13-month period, with monthly distributions rather than daily ones, and a 30-day initial scale.

Melania Trump’s token launch has drawn attention away from her husband’s memecoin. Official Trump (TRUMP) saw its price plunge from $73 to $38, briefly recovering to $52 before falling again to $42 at the time of writing.

Despite the decline, $TRUMP remains a staggering 7,000% higher than its initial launch price on Friday, generating significant theoretical wealth for the President-elect, amounting to billions.

Currently, $TRUMP boasts a market capitalization of approximately $33 billion, solidifying its position as a major player in the evolving world of memecoins.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.