MELANIA Soars to $8 Billion After Launch, TRUMP Token Crashes
Just days after her husband launched his Trump coin, Melania Trump launched her own meme coin, MELANIA, making waves in the crypto industry.
MELANIA was valued at over $8 billion within hours of its launch, sparking both excitement and skepticism in the crypto community.
TRUMP Token Drops After MELANIA Launches
in a postal On January 20, Melania Trump announced the launch of the official MELANIA Meme. According to Dexscreener data, MELANIA was trading at $8.04 at press time, with a market capitalization of over $8 billion.
trump, Coin launched by Donald Trump on January 18which earlier experienced a sharp rise in value. But the token saw MELANIA tokens have fallen sharply Debut.
At its peak, Trump’s market cap is $15 billion. However, as of press time, its price quickly fell from $74.60 to $49.29, wiping out nearly $5 billion in market value.
Amid all this, analyst Zack Guzman took to Twitter to share his thoughts and offer a possible alternative Quick start explained Two tokens.
“There’s a very important reason the Trump family launched Trump and now Melania so quickly before the inauguration. Whether you love Trump or hate Trump, the truth is, waiting another day might would expose him to unconstitutionality and impeachment (again),” Guzman explain.
he suggested Trumps are racing against time before any potential legal or constitutional issues may arise. Guzman added that the U.S. Constitution prohibits any president from “abusing the power of his office for personal gain.”
In addition, a website MELANIA meme coin shared by Melania Trump on X, Show meme coins Not an “investment opportunity”. what it says is The purpose of meme coins is to Be an “expression of support.”
Still, there were initial concerns that the token was a scam, with some suggesting Melania’s X account had been hacked. However, Coinbase’s Conor Grogan explain“Melania Token Isn’t Likely to Be the Carpet.”
“My guess is that this coin is handled by a different team than Trump. That one looks like a professional market maker, and this one honestly looks like college students,” he added.
Guzman shared So does his personal experience with trading volatility.
“For sure my deal on @RaydiumProtocol completely disappeared after everything else failed on @JupiterExchange. $Sol It’s gone, but nothing can be found. Strangely, there are not even on-chain transactions. Is this stuff real? ”
His frustration reflects doubts about the token’s legitimacy and reliability. Additionally, Messari founder Ryan Selkis called Trump fires founder of Melania Project.
“1. They don’t know what they’re doing. 2. They cost you a ton of money and goodwill. 3. They don’t have your interests in mind,” Serkis explained on Twitter.
As the Trump family continues to experiment with the memecoin market, its rapid changes in value and the controversial nature of its issuance have raised concerns.
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