Melania Trump Ventures into Cryptocurrency with Memecoin Launch

In a surprising move, Melania Trump, former First Lady and wife of United States President-elect Donald Trump, announced the launch of her own memecoin this Sunday. The announcement was made by Donald Trump himself via TruthSocial, sparking immediate interest and speculation in the cryptocurrency community.

Market Reaction: TRUMP Coin Takes a Hit

Following the announcement, the TRUMP coin experienced a dramatic 60% drop in value, plummeting to $40.92 by 5:07 pm ET. This significant decrease highlights the volatile nature of the cryptocurrency market and the impact of high-profile launches on existing tokens.

MELANIA Coin's Impressive Debut

Despite the downturn for the TRUMP coin, the MELANIA coin saw an impressive market capitalization of $4 billion within the first 30 minutes of its launch. It is estimated that 20,000 investors have already purchased the coin, signaling strong initial interest and potential for growth in the burgeoning memecoin sector.