• 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

Hedera Community Stays Grounded Amid Market Turmoil

chest

The Hedera community focuses on real-world applications amid cryptocurrency market downturns, urging followers to shift attention from price charts.

user avatarKaterina Papadopoulou

Hedera's Comprehensive Product Suite Meets Real-World Demands

chest

Hedera Hashgraph has developed a comprehensive product suite aimed at solving concrete problems for developers and enterprises.

user avatarTomas Novak

Morgan Stanley Makes Major Bullish Move for XRP and Crypto

chest

Morgan Stanley has appointed Amy Oldenburg as the Head of Digital Asset Strategy, signaling a significant move towards expanding its crypto initiatives.

user avatarMaya Lundqvist

Funding Rates Signal Extreme Stress in Crypto Markets

chest

Funding rates for Ethereum have turned deeply negative, indicating extreme stress and pessimism in the derivatives market.

user avatarLeo van der Veen

Sui Blockchain Faces Outage Due to Validator Disagreement

chest

Sui, a high-performance layer1 blockchain, experienced an outage caused by a disagreement among validators.

user avatarLi Weicheng

Base Blockchain Faces Transaction Processing Delays

chest

The Base blockchain, a major Ethereum Layer2 network developed by Coinbase, has confirmed it experienced temporary delays in processing transactions, causing frustration among users.

user avatarTenzin Dorje

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.