It’s just getting started – Trump Meme Coin Suddenly Crashes After Melania Coin Shock Hits Cryptocurrency

Cryptocurrency markets were rocked by the launch of Donald Trump’s ‘official’ Memocoin this weekend —With traders braced for more chaos this coming week.

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The price of the “official” Trump coin has soared since its launch on Friday evening, breaking into the top 20 cryptocurrencies by market cap and reaching $14 billion.

now, Leaks revealed that Trump is preparing for a wave of executive orders focusing on cryptocurrenciesTrump’s wife, Melania, launched her own competing cryptocurrency, sending the price of Trump Coin plummeting.

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ForbesThe hidden Fed dollar crisis is expected to lead to a surge in Bitcoin prices to rival goldby Billy Bambrough

The official meme of Melania Live, the next First Lady of the United States to publish to X, along with a link to a website that sells cryptocurrency. “You can buy Melania for a dollar now.”

The price of the Melania coin soared as traders rushed to buy it, pushing it above $5 and giving it a fully diluted market value of more than $5 billion.

Like Trump’s coin, Melania’s memecoin — a type of cryptocurrency similar to Bitcoin that derives its value from the level of community interest and engagement — was launched on the Solana blockchain.

“This is beyond crazy,” say analysts at The Kobeissi Letter to publish To

“Cryptocurrencies seem to have become a family business,” says X influencer Mario Novell to publish.

After the launch of the Melania Coin, the Trump Coin collapsed by approximately 40%, falling as traders scrambled to buy the new coin, according to the on-chain. Data.

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ForbesIt will “go down” – Elon Musk warns that Doge could reach the price of Bitcoin rival Dogecoinby Billy Bambrough

Early buyers of Trump Coin have seen triple-digit percentage increases since Friday evening with some traders sitting out because they believe Trump’s social media channels have been hacked.

The Trump family’s blitz on memcoin comes after Trump-appointed cryptocurrency and AI czar David Sachs heralded a new era of cryptocurrency innovation in the United States.

“The reign of terror against cryptocurrencies is over, and the beginning of crypto innovation in America is just beginning,” Sachs said. He saidHe spoke on Friday at the so-called Crypto Ball event, which aims to increase support for Trump among the cryptocurrency community and demonstrate his value to the incoming administration.