The official meme coins of President Donald Trump and First Lady Melania Trump tanked on Monday amid no mention of cryptocurrencies in the inaugural presidential address.
What happened: The Official Trump (TRUMP) token sank over 30%, eroding nearly $6 billion worth of investors’ wealth in the last 24 hours, according to CoinMarketCap. The coin’s trading volume fell 33% in the 24 hours.
The Official Melania (MELANIA) coin witnessed a steeper fall, plummeting over 54% in the last 24 hours. The token has crashed over 72% since its all-time high of …
Full story available on Benzinga.com