PakGazette – The $TRUMP memecoinwhich had caused a sensation over the weekend, experienced a 36% drop in value at midday on Sunday. This occurred after incoming President Donald Trump posted a tweet about a new memecoin launched for his wife, Melania Trump.
Melania Trump’s memecoin, called $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 has brought significant paper wealth to the incoming president, running into billions.
$TRUMP’s market capitalization is approximately $33 billion. The impact of Melania Trump’s memecoin on the value of $TRUMP will continue to be monitored.
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