Trump Memecoins: Highs and Lows

🔵The Trump family’s memecoins, launched amid the U.S. president’s inauguration, have faced sharp declines in value. MELANIA, the memecoin tied to Melania Trump, plunged over 60% to $4.18 after a staggering 12,000% surge on its launch day. The TRUMP token dropped 43%, falling to $45.

🔵Experts attribute the downturn to Solana’s infrastructure issues and a liquidity withdrawal. Meanwhile, the DeFi platform WLF, linked to the Trumps, executed major transactions, acquiring $100 million in crypto assets. These developments highlight the risks associated with memecoins in political contexts.