• 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

Stablecoin Yield Talks Spark Online Debate

chest

The latest developments in stablecoin yield negotiations have led to a heated online debate among industry stakeholders.

user avatarElias Mukuru

Ripple CEO Urges Banks to Act in Good Faith Amid Stablecoin Yield Negotiations

chest

Ripple CEO Brad Garlinghouse emphasizes the need for banks to act in good faith amid ongoing stablecoin yield negotiations.

user avatarMohamed Farouk

Ongoing Regulatory Debate Over Prediction Markets

chest

There is an ongoing discussion about which federal regulator, the SEC or CFTC, has jurisdiction over prediction market platforms.

user avatarDiego Alvarez

Nasdaq Inc Plans to Launch Prediction Market Offering

chest

Nasdaq Inc plans to launch its own prediction market with binary options contracts for yes-or-no bets.

user avatarMaria Fernandez

Wall Street Giants Enter Prediction Market Space

chest

Major financial players like Intercontinental Exchange and CME Group are investing in prediction markets.

user avatarKenji Takahashi

Ripple's XRP Ledger Emerges as Key Player in UAE Amid Oil Market Disruptions

chest

Ripple's XRP Ledger is gaining traction in the UAE, having secured licensing approval from the Dubai Financial Services Authority, allowing it to offer cross-border crypto payment services amid global oil market disruptions.

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.