Melania Trump Launches Meme Coin, Triggering $TRUMP Token Crash
- Melania Trump launched her cryptocurrency $MELANIA on January 19, 2025, just before her husband, President-elect Donald Trump, took office.
- The launch of $MELANIA caused $TRUMP, launched two days earlier, to drop from over $70 to $40, although it later recovered to around $60.
- Both cryptocurrencies are trading on the Solana blockchain and are not intended as investment opportunities, according to their websites.
- 80% of the $TRUMP coin's supply is held by Trump Organization-affiliate CIC Digital and Fight Fight Fight LLC, which have a three-year unlocking schedule.
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Total News Sources0
Leaning Left23Leaning Right14Center26Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 37%
C 41%
R 22%
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