The meme coins of President Donald Trump and First Lady Melania Trump, have taken a sharp downturn after reaching record valuations on their launch day.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend |
| OFFICIAL TRUMP (CRYPTO: TRUMP) | $37.05 | $7.4 billion | -30.7% |
| Official Melania Meme (CRYPTO: MELANIA) | $4.40 | $846.9 million | -55.2% |
Trader Notes: A wallet named Ansem incurred a $2.55 million loss after selling 194,799 TRUMP tokens for $6.83 million.
The wallet had originally purchased them for $9.38 million ($48.14 per token) but sold them …
Full story available on Benzinga.com