Donald Trump’s meme coin plummets as Melania’s token soars

Donald Trump’s meme coin, $TRUMP, experienced a sharp 38% drop in value on January 19, erasing $5 billion from its market capitalisation. CoinMarketCap data reveals the token’s price tumbled from $74.6 to $45.9 within 40 minutes after his wife Melania Trump launched a competing memecoin.