• 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

Fidelity's Journey into the Crypto Market

chest

Fidelity's CEO Abigail Johnson discussed the firm's evolution from curiosity about Bitcoin to a key player in the crypto market, highlighting early investments and the development of custody services.

user avatarLucas Weissmann

HYPE Revenue Strength Supports Market Interest

chest

HYPE generated significant revenue, placing it among the top-performing chains and supporting trader interest.

user avatarFilippo Romano

HYPE Trades Near Structural Pivot Amid Revenue Strength

chest

HYPE is currently trading near a crucial structural level, with traders analyzing its recent correction and projected recovery path.

user avatarEmily Carter

Peter Schiff Challenges President Trump to a Debate on the Economy

chest

Financial commentator Peter Schiff publicly challenged President Trump to a debate on the US economy after Trump attacked him for discussing the affordability crisis.

user avatarTomas Novak

GeeFi Offers Unique Utility-Driven Features

chest

GeeFi is attracting investors with its unique utility-driven features, offering a comprehensive platform for asset management, token swapping, and chain bridging across more than 14 networks.

user avatarKaterina Papadopoulou

OpenAI's Strategic Shift to Retain AI Market Dominance

chest

OpenAI's recent strategic shift focuses on core product enhancements to maintain its dominance in the AI market.

user avatarLeo van der Veen

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.