The launch of Melania Trump’s MELANIA meme coin has caused significant price fluctuations in the cryptocurrency market, particularly impacting the TRUMP token. MELANIA reached a high of $13 and a market cap of $2 billion within hours of its launch, creating a volatile environment that sent TRUMP’s price down by 35%. Despite a brief recovery, TRUMP’s value remains lower than its peak.
Key Highlights:
MELANIA Meme Coin Surge: MELANIA saw an initial surge to $13, but as of now, it has fallen nearly 40%, trading at $8.49.
TRUMP Price Volatility: TRUMP dropped by 35% following the launch of MELANIA but has since seen some recovery.
Tokenomics Comparison: MELANIA’s tokenomics allocate 35% to the team with a 30-day lock-up, much shorter than TRUMP’s three-year lock-up for its team.
Airdrop Speculation: Former Coinbase CTO Balaji Srinivasan suggested airdropping TRUMP tokens to all U.S. citizens to drive demand, potentially helping TRUMP maintain its popularity and value.
The rapid and somewhat chaotic trading activity between MELANIA and TRUMP highlights the unpredictable nature of meme coins. The launch has caused massive shifts in market liquidity, with TRUMP’s trading volume skyrocketing by 300%, surpassing established altcoins like XRP and Solana.
While the development of MELANIA has garnered attention, it has also raised questions about the legitimacy of such quick-turnaround meme coin launches. The speed with which MELANIA went from concept to launch has drawn skepticism from some in the crypto world, with concerns that these types of moves could destabilize more legitimate crypto projects.
As TRUMP continues to face volatility, the broader crypto market has also been affected. Meme coins, including TRUMP and MELANIA, have triggered sell-offs in various sectors, with categories like AI agents, DeFi tokens, and Layer-2 solutions all experiencing declines. Despite the volatility, TRUMP maintains a significant presence in the meme coin market, ranking third behind Dogecoin and Shiba Inu.
With these events unfolding, all eyes are on the future of both tokens, particularly whether the proposed airdrop or other strategies will help TRUMP regain stability.
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