Melania Trump Meme Coin Jumps After First Lady Promotes It, Still Down 99% From Peak

Melania Trump recently promoted her official meme coin, MELANIA, leading to a modest price increase. The coin is currently trading at approximately $0.182, having risen by more than 12% within a week. However, it remains significantly down, nearly 99% from its peak price of $13.05 reached earlier this year. The promotion included a retweet from the First Lady's social media, reaching her 3.8 million followers. This token, launched by the same strategist as the controversial LIBRA token, faced scrutiny over past liquidity issues and the movement of tokens out of community funds without transparency. The token's activity had been stagnant since June when updates about wallet movements were shared, but the recent promotional push appears to have rekindled some interest. In a broader context, MELANIA's movement came amidst speculation about similar projects like President Trump's official token, TRUMP, which also experienced a significant price drop since its launch.

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