Investing.com — $TRUMP memecoinwhich was a real sensation over the weekend, saw a 36% drop mid-day on Sunday. This happened after President-elect Donald Trump tweeted about a new memecoin launched for his wife Melania Trump.
Melania Trump’s memecoin, called $MELANIA, was also shared on Donald Trump’s Truth account. Despite the mid-day loss, $TRUMP is still up 7,000% since Friday’s launch. This increase brought significant paper wealth to the future president, which is measured in the billions.
$TRUMP’s market capitalization 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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