• 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

Ethereum's Regulatory Status Gains Clarity

chest

Paul Atkins, the Chairman of the SEC, has informally classified Ethereum as a nonsecurity digital commodity, signaling a potential shift in regulatory outlook.

user avatarLeo van der Veen

XRP Price Predictions: Retail-Driven vs Utility-Driven Rallies

chest

Crypto analyst BarriC discusses two potential rally scenarios for XRP, highlighting the differences in price outcomes and sustainability.

user avatarLi Weicheng

Coinbase and Yahoo Finance Join Forces to Link Crypto and Equities

chest

Coinbase has partnered with Yahoo Finance to integrate crypto tickers and equities, enabling direct trading on Coinbase and enhancing the legitimacy of digital assets.

user avatarBayarjavkhlan Ganbaatar

Kraken Introduces Regulated Tokenized Equity Perpetual Futures Contracts

chest

Kraken has launched regulated tokenized equity perpetual futures contracts, providing eligible non-US clients with access to tokenized assets with up to 20x leverage.

user avatarTenzin Dorje

Binance Launches Tokenized Assets via Ondo Finance

chest

Binance has launched its own tokenized assets through Ondo Finance, allowing users to gain exposure to underlying assets, though without all shareholder rights.

user avatarAisha Farooq

Bitcoin Price Projections and Historical Patterns

chest

Aaron Dishner projects a downside target for Bitcoin between $35,000 and $40,000, based on historical drawdowns and market cycles.

user avatarMohamed Farouk

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.