Market
What will be the outcome of investigations into the $MELANIA launch by September 30, 2025?
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Resolution / Starting Odds
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Reports from regulatory bodies or major news outlets
Story
Melania Trump's $MELANIA Surges 6,400%; $TRUMP Plunges Over 60%, Losing $7.5 Billion
Jan 19, 2025, 09:47 PM
First Lady Melania Trump has launched her own memecoin, $MELANIA, leading to significant upheaval in the cryptocurrency market. The launch was announced on her official social media accounts and was reposted by President-elect Donald Trump. Following the announcement, $TRUMP, Donald Trump's own memecoin built on the Solana blockchain, experienced a sharp decline, plunging over 60% in value within half an hour and erasing up to $7.5 billion in market capitalization in just 10 minutes. Meanwhile, $MELANIA surged over 6,400%, quickly reaching a market capitalization of over $4.5 billion. Both tokens are reported to differ structurally and are built on the Solana blockchain. There are also concerns that Melania Trump's account may have been compromised, raising questions about the legitimacy of the memecoin launch.
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No Action • 25%
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