Mon Jan 20 06:42:36 UTC 2025: ## Trump’s Memecoin Plummets After Melania’s Counter-Launch

**Washington D.C./New York, NY –** The cryptocurrency market experienced a dramatic shakeup this weekend following the launch of competing memecoins linked to Donald and Melania Trump. Donald Trump’s newly minted $TRUMP token initially soared to a market capitalization of $14 billion, briefly ranking it among the top 20 cryptocurrencies. However, this meteoric rise was short-lived.

The introduction of Melania Trump’s $MELANIA coin, announced on X (formerly Twitter) just before a Trump rally, triggered a near-immediate and substantial crash in the value of $TRUMP. Within minutes of the $MELANIA launch, $TRUMP plummeted by approximately 40%, shedding a staggering $7.5 billion in market capitalization in just 10 minutes, according to analysts at the Kobeissi Letter. $MELANIA, meanwhile, saw its value briefly surpass $5 before settling.

Analysts attributed the sharp decline in $TRUMP’s value to investors rapidly shifting their assets to the newly launched $MELANIA. The event highlights the volatile nature of the memecoin market and the impact of high-profile endorsements. The rapid fluctuations underscore the risks associated with investing in such speculative assets.

This dramatic turn of events comes after crypto advisor David Sacks, appointed by Trump, declared an end to the “reign of terror” against cryptocurrency in the US, predicting a new era of innovation. The contrasting events – a cryptocurrency boom and bust within a 48-hour period – provide a snapshot of the turbulent world of memecoins and the unpredictable influence of political figures. The incident has left some analysts questioning the long-term viability and stability of such speculative digital assets.

**(Separate Story):** In unrelated news, a Bangladeshi national, Mohammad Shariful Islam Shehzad, has been arrested in Mumbai for attacking Bollywood actor Saif Ali Khan. Shehzad was taken into five-day police custody following a thorough investigation. A brief legal dispute over his representation was resolved, allowing court proceedings to continue.

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