Trump vs Melania: TRUMP coin plummets over 50% after MELANIA meme coin launch

TRUMP reached an all-time high of $75.35 within the past 24 hours but was trading at $53.40 at 10:55 am, with a day's low of $35, reflecting a 53% decline. This sell-off erased nearly $5 billion from its market value, which peaked at approximately $15 billion earlier in the day.

The sharp decline pushed TRUMP out of the top two meme coins by market capitalization, as Shiba Inu (SHIB) reclaimed the second spot. Earlier in the day, TRUMP had surpassed both SHIB and PEPE to rank among the top meme coins.

Like her husband's coin, Melania's memecoin is built on the Solana blockchain. These types of cryptocurrencies gain their value from community interest and engagement, a trend that has been growing in the crypto space.$TRUMP #TrumpMarketWatch #BTCBreaksATH #MelaniaTrumpLaunchesToken #CryptoSurge2025 #TRUMPOnBinance $SOL $PEPE