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Trump's wife Melania's issuance meme coin 'MELANIA', TRUMP coin price fell nearly 55%
Melania Trump, the wife of the incoming President of the United States, Donald Trump, announced the issuance of the "MELANIA" meme coin on X platform on the morning of January 20th. The official X account of Trump also retweeted this news. However, the issuance of MELANIA caused a sharp drop in the price of the previously issued "TRUMP" coin, with a maximum decline of nearly 55% before the deadline.
The Official Melania Meme is live!
您現在可以購買 $MELANIA
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
On January 18th, Trump announced the issuance of the 'TRUMP' meme coin. Within just one day, the market value of the issuance has exceeded 10 billion US dollars, and the highest price of the coin reached 82 US dollars. Trump's coin issuance has sparked heated discussions in the community, and the concept of 'presidential coin issuance' is considered a big step towards popularizing cryptocurrency. However, the coin issuance by Melania, his wife, before the inauguration has been met with overwhelming criticism from the community, leading to a significant sell-off of TRUMP coin. The market value of MELANIA coin, before the deadline, was only about 700 million.
This incident also led to a significant decline in the overall cryptocurrency market, with Bitcoin falling below the 100,000 mark at one point, and other cryptocurrencies also experiencing an average 5% decline.
The article 'Melania' issuance meme coin, TRUMP's price fell by nearly 55% was first published on 'Block Client'.