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Investing.com — The $TRUMP memecoinwhich was positive over the weekend, experienced a 36% drop in value during the day on Sunday. This happened after the incoming President, Donald Trump, sent a tweet about a new memecoin launched by his wife, Melania Trump.
Melania Trump’s memecoin, called $MELANIA, was also shared on Donald Trump’s Reality show. Despite the mid-day loss, $TRUMP is up 7000% since it started on Friday. This increase brought paper wealth to the incoming President, in the billions.
TRUMP’s market capitalization is about $33 billion. The impact of Melania Trump’s memecoin on the value of $TRUMP will continue to be monitored.
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