Investing.com — The memecoin named $TRUMP, which caused a stir over the weekend, saw a 36% drop in value mid-day Sunday. This happened after incoming President Donald Trump posted a tweet about a new memecoin launched for his wife, Melania Trump.
Melania Trump’s memecoin, named $MELANIA, was also shared on Donald Trump’s Twitter account. Despite the mid-day loss, $TRUMP is still up 7,000% since its launch on Friday. This increase brought significant gains to the incoming president, amounting to billions.
The market capitalization of $TRUMP is approximately $33 billion. The impact of Melania Trump’s memecoin on the value of $TRUMP will continue to be monitored.
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