MELANIA & TRUMP Meme Coins Crash! Is The Trump Token Fever Over?
Cryptocurrency markets experienced a major correction following the swearing-in ceremony of Donald Trump. Bitcoin price retested lows of $102,000 amid reports that the cryptocurrency space plummeted after Trump failed to highlight cryptocurrencies in his inauguration speech.
Notably, top marketers had speculated that such an event would occur following the launch of the Trump meme coin on Friday night. Although Trump showed active involvement in the cryptocurrency space, his ignorance about cryptocurrencies in his speeches created a “fear of missing out”-like situation in the market.
Trump Token’s historic market trend repeats itself!
According to reports, the respective valuations of Solana-based Trumpcoin and Melania Memecoin fell significantly in the short time following Trump’s speech. Additionally, top altcoins have also experienced similar price action, with the top altcoin falling below its important support level.
Similar situations have played out during the election campaign, based on historical market sentiment. Notably, the PolitiFi meme coin had taken over the cryptocurrency space, but on election day, the category’s valuation plummeted by more than 60% in 48 hours.
To understand the long-term possibilities of this meme coin, read Trump coin price prediction!
Trump Coin fell 23% in minutes!
The Solana-based Trump Meme Coin dropped more than 23% in just one hour. Since Donald Trump did not mention cryptocurrencies in his inauguration speech, the crypto community reacted negatively, causing the global valuation of the crypto market to fall by more than 1%.
Trump’s trading volume is $39.11 billion, down 23.11% in the past 1 hour and 38.83% in the past 24 hours. Furthermore, this altcoin has lost its position among the top 20 cryptocurrencies and currently ranks 23rd with a market capitalization of $8.52 billion.
MELANIA Memecoin plummets 28%!
The Melania Trump meme coin has experienced a similar situation, plunging 28.86% in the past hour. Additionally, its trading volume was $6.17 billion and its valuation fell by 22.56% in the past 24 hours.
The price of Melania Coin is currently trading below its listing price within 24 hours, highlighting the increasing bearish sentiment towards altcoins in the cryptocurrency space.
Wondering if the SOL coin price will reach $500 in 2025? Read CoinPedia’s Solana Price Prediction!
FAQ
Cryptocurrency markets saw a strong bearish pullback as Donald Trump did not mention cryptocurrencies in his inauguration speech.
Given the current market sentiment, Trumpcoin is highly volatile, highlighting rising uncertainty.
Following a market correction, the Melania Trump token hit a new all-time low of $5.51 today.
As of this writing, one MELANIA Trump memecoin is worth $5.57.
