Mon Jan 20 05:02:46 UTC 2025: ## Melania Trump’s Memecoin Causes $7.5 Billion Crash in Donald Trump’s Cryptocurrency
**Washington, D.C.** – The cryptocurrency market experienced a dramatic shakeup this weekend following the launch of two high-profile memecoins tied to the Trump family. Donald Trump’s $TRUMP token, which debuted earlier and briefly reached a $14 billion market cap, plummeted by $7.5 billion within ten minutes of Melania Trump’s competing coin, $MELANIA, being introduced.
Melania Trump announced the launch of $MELANIA on social media Sunday, prompting a mass exodus from $TRUMP. The new coin saw an initial surge, reaching over $5 per coin and a market cap exceeding $5 billion, according to Forbes. This rapid shift in investor sentiment caused a near 40% drop in the value of $TRUMP in a matter of minutes.
Analysts attributed the dramatic fall to traders quickly selling off $TRUMP to acquire the newly released $MELANIA token. The Kobeissi Letter, a cryptocurrency analysis firm, described the situation on X as “beyond insane.”
The events come amidst what Trump advisor David Sacks has termed a “new era of U.S. crypto innovation.” However, the volatility surrounding the Trump-branded memecoins raises questions about the stability of the market and the impact of high-profile endorsements on cryptocurrency values. The rapid rise and fall of both coins highlight the speculative nature of the memecoin market.
First Piper 