PK Press Club — The $TRUMP memecoinwhich caused a sensation this weekend, experienced a 36% drop in value on Sunday at midday. This happened after the new president, Donald Trump, posted a tweet about a new memecoin launched for his wife, Melania Trump.
Melania Trump’s memecoin, named $MELANIA, was also shared on Donald Trump’s Truth account. Despite the midday loss, $TRUMP is still up 7,000% since its launch on Friday. This increase brought the new president considerable paper wealth, amounting to billions.
The market capitalization of $TRUMP is approximately $33 billion. The impact of Melania Trump’s memecoin on the value of $TRUMP will continue to be monitored.
This article was generated with the support of AI and reviewed by an editor. For more information, consult our General Terms and Conditions.
