Cryptocurrency markets witnessed significant volatility on Monday after the Trump family challenged the meme coin as the value of the token they launched a day earlier fell.
MELANIA, First Lady Melania Trump’s newly launched meme coin, has fallen more than 60% from its debut high since President Donald Trump took office.
melania Its current market capitalization stands at $625.5 million. CoinGecko data. At the same time, Donald Trump’s meme coin, official trump (TRUMP) also took a hit, falling 43% to $45 from its high of $73.43 earlier in the week.
The Solana-based coin soared 12,000% after launch, reaching a high of $13.05 before falling to $4.18, CoinGecko data shows.
The project is billed as a collectible and entertainment token. FAQ “It is not a financial product or investment,” he said. But despite the disclaimer, its value has fallen sharply, raising questions about its speculative nature.
Designed for gradual launch, Meme Coin’s distribution model allocates 35% of tokens to team vesting over 13 months, with a 20% allocation to treasury and community initiatives.
Conversely, TRUMP initially showed explosive growth, but destruction At its peak a day before the inauguration, it entered the top 15 cryptocurrencies by market capitalization.
However, the launch of MELANIA and the resulting liquidity shift triggered a sharp decline in the Trump meme coin.
Solana’s Infrastructure Issues worsened Platforms like Phantom Wallet and Jupiter Exchange are experiencing disruption due to the surge in transactions.
“The launch of the TRUMP token marks an unprecedented moment in the cryptocurrency market, marking the first time a sitting president has been associated with the launch of a memecoin,” said Dan Hughes, Founder and CTO. radixsaid decryption.
Hughes mentioned the subsequent launch of the MELANIA token, along with reports that Team Wallet will convert TRUMP holdings into major cryptocurrencies such as: Solana (brush), Ethereum (ETH), and potentially Bitcoin (BTC) surges to $108,000, suggesting a potentially coordinated strategy that could destabilize market dynamics.
“The pattern of celebrity-led token launches, particularly politicians, represents a worrying trend in cryptocurrency markets where influence and liquidity manipulation can potentially overshadow fundamental value creation,” Hughes said.
Amid the chaos of meme coins, world free finance WLF (WLF), the DeFi platform run by President Trump and his family, made significant cryptocurrency moves on the inauguration day.
The platform added approximately 439 Wrapped Bitcoin (wBTC), worth $47 million, to its balance, bringing its holdings to 456.77 wBTC.
The purchase was part of a series of transactions totaling $100 million in BTC and ETH over two days.
speaking decipher, Sudhakar Lakshmanaraja Founder Digital South Trust“The Trump and Melania Coin clash is a clear example of why substance should take precedence over hype in the cryptocurrency world.”
“This situation is a stark reminder that hype and speculation can only move tokens so far. Without a strong use case or utility, meme coins are vulnerable to volatility and market sentiment,” Lakshmanaraja added.
Expectations for cryptocurrency-friendly policies are low, at least for now. Remains unmet.
Trump’s inaugural address and initial executive orders excluded digital assets, disappointing supporters who had hoped for regulatory clarity, Bitcoin reserves or a reversal of the SEC’s controversial rule “SAB 121.”
Edited by Sebastian Sinclair
daily report newsletter
Start your day today with top news stories, original features, podcasts, videos and more.
