Official Melania (CRYPTO: MELANIA) failed to reverse its downsides on Tuesday, even as the broader meme coin market staged a strong recovery.
What happened: The official cryptocurrency of First Lady Melania Trump fell over 4% in the last 24 hours, widening its weekly losses to 15.81%.
The continued decline contrasted sharply with the relief rally for other meme coins. The total meme coin capitalization rose 2.64% in the last 24 hours.
The token has plummeted nearly 95% from the all-time high of $13.73 set shortly after its January launch. Moreover, the slump has wiped out $13 billion worth …
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