• 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

9 months 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

Positive Market Sentiments Surround ELIZAOS Token Dynamics

chest

Positive market sentiments surround the transition to ELIZAOS token dynamics, with analysts optimistic about its potential in decentralized finance.

user avatarSon Min-ho

Canaan Inc Partners with Japanese Utility for 45 MW Mining Power

chest

Canaan Inc has partnered with a major Japanese utility to supply 45 MW of hydrocooled mining servers for electric grid stabilization.

user avatarMohamed Farouk

Binance Coin Remains in Range Amid 4% Decline

chest

Binance Coin (BNB) fell by 4% this week but remains in a trading range between $1,000 and $1,200.

user avatarElias Mukuru

Upcoming Milestones for Ethereum's Fusaka Update

chest

Upcoming milestones for Ethereum's Fusaka update include blob number extensions on December 9 and January 7, aimed at enhancing network capacity.

user avatarKenji Takahashi

10x Research Suggests Shorting Ethereum to Hedge Bitcoin Investments

chest

10x Research recommends shorting Ethereum as a hedge against Bitcoin investments due to weak demand for ETH.

user avatarDiego Alvarez

Innovate NY PAC Launches Ambitious Education Plan for Blockchain and AI in NYC

chest

Innovate NY PAC announces a groundbreaking education plan for Blockchain and AI in NYC, aiming to generate $28 billion in economic output and create 62,000 jobs.

user avatarMaria Fernandez

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.