The TRUMP meme coin frenzy caused Solana dApps to suffer during an increased period of trading volume and congestion.
The crypto market is very unpredictable. However, meme coins are even more unpredictable than other types of tokens. A meme coin can be up one day and then crash before the end of the next, and this is exactly what is happening with TRUMP and MELANIA meme coins.
Carson Block, founder and chief investment officer of Muddy Waters Capital, said he "wouldn't touch" meme coins.
Altify, a regulated FSP (53289) backed by JSE-listed Sabvest, offers a regulated, secure, and easy-to-use crypto investment gateway.
Donald Trump’s meme coin, TRUMP, which launched on Jan. 17, can now be used to purchase merchandise like sneakers, watches, and fragrances from websites linked to his business ventures.
$TRUMP and $MELANIA, as with other meme coins, are volatile. At the time of writing, $TRUMP traded around $US27, a fall of over 60 percent from its $US73 high, but still well above its initial sale price. $MELANIA has fared less well and is trading at $2.30, less than one third of its initial sale price.
As they nibbled miniature lobster rolls and sipped mezcal cocktails, the well-heeled guests toasted the coming reign of Donald Trump.
Meme tokens like TRUMP and MELANIA have dropped, creating a potential buying opportunity. Other meme coins are also gaining strong interest and investment.
Out of the 1 billion maximum supply of $Trump meme coin, 200 million coins are currently circulating in the market and are in public hands.
Ripple (XRP) and Solana (SOL) investors think that FXGuys ($FXG) could be the next Solana because of its advanced technology and booming presale. Find more details here!
In addition to these Trump-branded stores, the crypto-native travel bookings platform Travala has also integrated TRUMP token payments, alongside over 60 other cryptocurrencies. Travala announced that customers can now use TRUMP to book hotels, flights, and activities worldwide. This move aims to attract a new wave of cryptocurrency adopters.
First Lady Melania Trump launched the Official Melania meme coin on the Solana (SOL -13.16%) blockchain with the ticker $MELANIA. She followed in the footsteps of Pres