Melania Trump Launches Meme Coin, Triggering $TRUMP Token Crash
- Melania Trump launched her cryptocurrency $Melania, causing her husband Donald Trump's cryptocurrency $Trump to drop significantly.
- $Trump was trading at $70 before Melania's announcement but fell to $40, recovering 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's market cap is capped at $13 billion based on 200 million coins circulating, while $Melania trades just over $12.
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Coverage Details
Total News Sources0
Leaning Left30Leaning Right27Center28Last UpdatedBias Distribution35% Left
Bias Distribution
- 35% of the sources lean Left
35% Left
L 35%
C 33%
R 32%
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