OPINION: This article contain commentary which do not reflects the author’s opinion.
“REMINDER: If you invested $13,000 in Melania Trump’s crypto scheme just 6 weeks ago, your balance is now $670.
Despite a broader rally in digital assets ahead of Friday’s White House Crypto Summit, US president Donald Trump’s and first lady Melania’s official memecoins have remained stagnant. Both tokens have traded flat over the past day and are now down over 80% and 90%, respectively, from their all-time highs — recorded just before Trump’s inauguration on 20 January.
The memecoins — trading under the tickers TRUMP (TRUMP-OFFICIAL-USD) and MELANIA (MELANIA-OFFICIAL-USD) — initially soared on hype and speculative buying during the weekend before the president was sworn into office.
Trump’s token, called Official Trump, surged to an all-time high of over $72 before plunging more than 80% to just over $13, while Melania’s coin has tumbled more than 90% from its peak, according to CoinGecko data.
Major cryptocurrencies on the rise
In contrast to the memecoin meltdown, major cryptocurrencies are rallying.
Bitcoin (BTC-USD) surged over 5% on Thursday, soaring past $91,000 after a recent dip below $82,000 — reflecting renewed optimism among investors as they await key announcements from Friday’s White House Crypto Summit.
