Trump Meme Coins Plunge, Wiping Out Billions in Investor Wealth 🚨
Donald and Melania Trump-themed meme coins crashed sharply Monday, causing billions in losses for investors. The decline follows the absence of cryptocurrencies in the presidential inaugural events.
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The official meme coins of President Donald Trump and First Lady Melania Trump tanked on Monday amid no mention of cryptocurrencies in the inaugural presidential address.<br /><br />What happened: The Official Trump (TRUMP) token sank over 30%, eroding nearly $6 billion worth of investors' wealth in the last 24 hours, according to CoinMarketCap. The coin's trading volume fell 33% in the 24 hours.<br /><br />The Official Melania (MELANIA) coin witnessed a steeper fall, plummeting over 54% in the last 24 hours. The token has crashed over 72% since its all-time high of $13.64 recorded a day earlier.
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Jan 21, 2025
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