$Trump, $Melania crash: Meme coins of President Trump, first lady Melania tank after initial spike

Meme coins of the new US President Donald Trump and first lady Melania Trump have tumbled in the past 24 hours, coinciding with Trump’s return to the White House as the 47th President of the US on Monday. While Trump’s meme coin $Trump tanked nearly 50 per cent from $63 around 11 am on Monday to $33.6 currently, Melania Trump’s meme token $Melania, launched early Monday, crashed by 71 per cent from its peak of $13.6 to $3.86 at the time of writing this report, wiping off initial gains.