Why Is TRUMP Memecoin Crashing?

Why Is TRUMP Memecoin Crashing?
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The post Why Is TRUMP Memecoin Crashing? appeared first on Coinpedia Fintech News
After Melania Trump launched her own memecoin on Sunday, positioned as a rival to $TRUMP, Donald Trump’s memecoin saw a 40% drop before rebounding. 
“The official Melania meme is live,” the incoming first lady of the U.S. posted to X, with a link to a website selling the cryptocurrency. “You can buy $ Melania now.” Within hours, the price of the digital asset jumped to more than $12—with an accompanying market cap of more than $12 billion, according to cryptocurrency tracker DEX Screener.
TRUMP Rebounds
Following the crash, $TRUMP surged back above $64. Robinhood has officially listed $TRUMP on its exchange. Additionally, Donald Trump’s crypto platform, World Liberty Financial, acquired three new domain names—trumpcoin.eth, erictrump.eth, and barrontrump.eth—suggesting a possible new memecoin launch.
The official Trump memecoin surged to a $14 billion market cap after its F

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