- Jan 16, 2011
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It’s ‘Just Begun’—Trump Meme Coin Suddenly Crashes Back As Melania Coin Shock Hits Crypto
Donald Trump's wife Melania has launched her own rival cryptocurrency—tanking the price of Trump's own coin...
www.forbes.com
The price of the "official" Trump memecoin has surged since its Friday evening launch, breaking into the crypto top 20 by market capitalization and hitting an eye-watering $14 billion.
Now, as leaks reveal Trump is readying a flurry of crypto-focused executive orders, Trump's wife Melania has launched her own rival cryptocurrency—tanking the price of Trump's coin.
Like Trump's coin, Melania's memecoin—a type of cryptocurrency similar to bitcoin that derives value from the level of community interest and engagement—has been launched on the solana blockchain.
"This is beyond insane," analysts at The Kobeissi Letter posted to X. "Less than 48 hours ago, Donald Trump launched $trump which just erased $7.5 billion in market cap in 10 minutes. In the minutes around the launch of Melania Trump's token, we saw massive sell orders in $trump."
"Looks like crypto is becoming a family business," X influencer Mario Nawfal posted.
Following the launch of Melania's coin, Trump's memecoin crashed by around 40%, diving as traders scrambled to buy the new coin, according to on-chain data.