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MELANIA gains $2B in record time: What next for the memecoin?
In a stunning turn of events, Melania Trump’s MELANIA memecoin has reached a staggering market cap of $2 billion in record time. This surge follows hot on the heels of her husband, President Donald Trump, unveiling his own TRUMP memecoin, which is also witnessing unprecedented growth. The crypto community is abuzz with excitement and debate over the sudden and meteoric rise of these political-themed memecoins.
The launch of MELANIA and TRUMP coins has sparked heated discussion among analysts and investors alike. Many are questioning whether these projects have any real-world utility or if they are simply exploiting their association with high-profile figures to generate quick profits. Nate Geraci, President at ETF Store, aptly summarized the situation by stating that memecoin traders are aware that they are essentially playing a game of musical chairs, where the primary objective is to buy low and sell high, rather than investing in genuine projects.
At the time of writing, TRUMP’s price was trading at $59.43, with an impressive 32.8% increase over the past day, while MELANIA surged by 68.4% to reach a valuation of $12.51.
Source: ambcrypto.com
