• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MELANIA Coin's Entry Drops TRUMP Coin Value by 55%

user avatar

by Giorgi Kostiuk

a year ago

Recently, Melania Trump, the former First Lady of the U.S., announced the launch of her meme coin MELANIA. This event significantly impacted the existing TRUMP coin launched by her husband Donald Trump.

Launch of MELANIA Meme Coin

On January 20, Melania Trump announced the launch of MELANIA cryptocurrency on the X platform, accompanied by her tweet.

The Official Melania Meme is live! You can buy $MELANIA now.Melania Trump

Impact on TRUMP Coin

The launch of MELANIA led to a sharp decline in demand for the TRUMP coin, resulting in its market cap dropping by 55% within just 10 minutes. This situation led to a significantly higher number of sell orders compared to buys.

Before the repost and breaking news post, $TRUMP was little changed...None

Overall Market Trends

The launch of MELANIA also affected the Solana (SOL) cryptocurrency, dropping its price by nearly 20%. However, despite the volatility, TRUMP coin still holds around 824,000 holders.

The selling pressure was so strong that Solana, $SOL, fell nearly 20% in minutes...None

The launch of the new MELANIA cryptocurrency has significantly impacted the market, affecting the value of TRUMP coin and Solana. Despite the current decline, the TRUMP coin still attracts a large number of holders and has potential for stabilization in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Making vs. Directional Trading: A Week in Review

chest

A trader analyzed the performance of market making and directional trading strategies during a volatile week in the crypto market, finding that market making offered more stable profits.

user avatarElias Mukuru

NVIDIA Invests $150 Million in AI Inference Startup Baseten

chest

NVIDIA disclosed a $150 million investment in Baseten, an AI inference startup, as part of a $300 million Series C round.

user avatarMaria Fernandez

Potential Higher Low Formation in Bitcoin Market

chest

Current market structure indicates that Bitcoin may be in the process of forming a higher low, which could signal a potential upward trend.

user avatarRajesh Kumar

NVIDIA Shares Stabilize as AI Inference Bet Offsets Tech Sell-Off

chest

NVIDIA Corp shares showed early signs of stabilization on January 21 after a volatile prior session, as investors weighed a broader technology sector pullback against the company's latest strategic push deeper into artificial intelligence infrastructure.

user avatarDiego Alvarez

Exploring the Parallels Between Rave Culture and Crypto

chest

Both rave and crypto movements share structural similarities, emerging from the edges of societal norms and offering alternative participation.

user avatarKenji Takahashi

Chiliz Revolutionizes Fan Engagement in Sports

chest

Chiliz has developed a Web3 sports ecosystem that allows fans to engage with their favorite teams through fan tokens and on-chain governance.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.