Melania Trump Launches Meme Coin, Triggering $TRUMP Token Crash
- Melania Trump launched her cryptocurrency $Melania on January 19, causing her husband’s $Trump token to drop significantly in value.
- The $Trump coin, which was trading at over $70, fell to $40 after the launch of $Melania, but recovered to around $60 by Monday.
- Both cryptocurrencies are on the Solana blockchain and are not intended as investment opportunities, according to their websites.
- The $Trump coin has a market capitalization of $13 billion, while $Melania was valued at just over $12 on Monday.
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Coverage Details
Total News Sources0
Leaning Left39Leaning Right32Center35Last UpdatedBias Distribution37% Left
Bias Distribution
- 37% of the sources lean Left
37% Left
L 37%
C 33%
R 30%
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