· 11m · on MSN
Trump-themed memecoins rally despite crypto market downturn
· 1d · on MSN
House Democrats take aim at $TRUMP crypto meme coin
Crypto market crashes as Trump’s tariffs trigger panic
US President Donald Trump’s impending trade war just sent risk assets tumbling, and crypto got wrecked. Bitcoin (BTC) and Ethereum (ETH) both dropped by almost 10% in the last 24 hours, shaking the ground for altcoins.
First Lady Melania Trump's disastrous meme coin has tanked just weeks after it was launched. Worth $13.69 at its peak on January 20, the cryptocurrency has now flopped and the value of her $Melania coin slumped as low as $0.
Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump.
The value of $MELANIA has plummeted to less than $1, leaving investors reeling from losses, underscoring the unpredictable world of cryptocurrency.
A new cryptocurrency called $Libra bilked investors out of $250 million. It had been promoted by President Javier Milei.
TRUMP and MELANIA memecoin face extreme volatility, regulatory scrutiny and many other issues. Read why you should sell them now.
Bitcoin, the world’s most popular cryptocurrency, was trading at about $89,000 as the U.S. stock market opened. That’s down from about $106,000, which was the price around Trump’s inauguration. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month.
Donald Trump’s supporters have lost more than $12bn (£9.5bn) in a month after the value of the president’s cryptocurrency collapsed.
For four weeks prior to this dinner, netizens on social media have been speculating about Melania's absence, with some giving way to rumors of her stepping back from public life.
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