Donald Trump and his wife Melania Trump have entered the cryptocurrency world with their own meme coins: $TRUMP and $MELANIA. These coins have gained massive attention, leading to excitement, speculation, and even controversy.
What is $TRUMP Coin?
Donald Trump’s meme coin, $TRUMP, launched with a bang, reaching a peak price of $76.94 and a market cap of $15 billion! However, about 80% of the supply is owned by Trump’s affiliates, raising questions about its control and long-term stability.
What is $MELANIA Coin?
Shortly after, Melania Trump launched $MELANIA, which skyrocketed in value, hitting over $10 billion within hours! Unlike $TRUMP, this coin has a more community-focused structure, with funds allocated for team vesting, public distribution, and liquidity.
The Market Shock
The launch of $MELANIA caused a drop in $TRUMP’s value, falling from $70 to $40 before stabilizing around $55. This shows how meme coins are highly volatile, driven by hype and speculation.
Concerns and Controversy
Many are questioning whether politicians should be involved in crypto. Critics worry about conflicts of interest, while supporters see this as a pro-crypto stance that could boost the industry.
Final Thoughts
Whether these tokens are a smart investment or just a hype-driven trend, one thing is clear—the Trumps have made a big impact on the crypto market.
Would you invest in a Trump-backed coin? Let’s discuss in the comments!
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