Melania Memecoin Is Down 90% From Peak as Novelty Value Wanes
- First Lady’s token has lost $1.44 billion in market value
- President’s token has lost almost $11 billion in market value
This article is for subscribers only.
Crypto enthusiasts are learning the hard way that even the US First Family’s participation in a memecoin is no guarantee of success.
Melania Trump’s crypto memecoin MELANIA has lost almost 90% of its value in the weeks since Donald Trump’s inauguration, while the president’s token TRUMP has seen its price fall around 75% from its all-time high, according to data compiled from CoinMarketCap.