Donald And Melania Trump Memecoins Crash, Erode Billions In Investors’ Wealth

The official meme coins of President Donald Trump and First Lady Melania Trump tanked on Monday amid no mention of cryptocurrencies in the inaugural presidential address.

What happened: The Official Trump (TRUMP) token sank over 30%, eroding nearly $6 billion worth of investors’ wealth in the last 24 hours, according to CoinMarketCap. The coin’s trading volume fell 33% in the 24 hours.

The Official Melania (MELANIA) coin witnessed a steeper fall, plummeting over 54% in the last 24 hours. The token has crashed over 72% since its all-time high of …

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