Melania Trump’s memecoin launchs, impacting $TRUMP’s worth

Investing.com — The $TRUMP memecoin, which had been a sensation over the weekend, skilled a 36% drop in worth mid-day on Sunday. This occurred after the incoming President, Donald Trump, posted a tweet a few new memecoin launched for his spouse, Melania Trump.

Melania Trump’s memecoin, named $MELANIA, was additionally shared on Donald Trump’s Reality account. Regardless of the mid-day loss, $TRUMP remains to be up 7000% since its launch on Friday. This improve has introduced important paper wealth to the incoming President, amounting to billions.

The market capitalization of $TRUMP is roughly $33 billion. The affect of Melania Trump’s memecoin on the worth of $TRUMP will proceed to be monitored.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.