Melania Trump's memecoin launchs, impacting $TRUMP's value

Investing.com -- The $TRUMP memecoin, which had been a sensation over the weekend, experienced a 36% drop in value mid-day on Sunday. This occurred after the incoming President, Donald Trump, posted a tweet about a new memecoin launched for his wife, Melania Trump.

Melania Trump's memecoin, named $MELANIA, was also shared on Donald Trump's Truth account. Despite the mid-day loss, $TRUMP is still up 7000% since its launch on Friday. This increase has brought significant paper wealth to the incoming President, amounting to billions.

The market capitalization of $TRUMP is approximately $33 billion. The impact of Melania Trump's memecoin on the value of $TRUMP will continue to be monitored.

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