A new cryptocurrency inspired by Melania Trump surged in value after its launch, while Donald Trump's own token saw a decline. The Melania token, trading on the Solana blockchain, jumped over 50% in its first few days. Meanwhile, 'Official Trump' coin, dropped 20% after briefly crashing 40% following the Melania coin's debut.
The coin was announced on the eve of Donald Trump 's inauguration as president of the United States.Philadelphia news 24/7: Watch NBC10 free wherever you areThe Melania token was trading at $11.16 at 10:48 a.m. London time on Monday, up more than 50%, according to— a cryptocurrency that takes inspiration from online communities and internet memes — on Friday via the Solana Blockchain network. On Monday, the"Official Trump" coin was down 20% to trade at $53.74 at 10:53 a.m.
Cryptocurrencies can be volatile. Bitcoin, the world's most valuable digital coin, has been known to rise or fall by thousands of dollars in a single day. Alternative coins, or"altcoins," like ether and XRP have proven even more more prone to fluctuations.
CRYPTOCURRENCY MEME COIN SOLANA DONALD TRUMP MELANIA TRUMP
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