💨 Abstract

Melania Trump, the wife of US President-elect Donald Trump, launched her cryptocurrency $MELANIA on Solana blockchain, tanking her husband's recently launched $TRUMP coin. Meme coins, inspired by internet culture and with no intrinsic value, can fluctuate significantly in price. Both coins were trading on the Solana blockchain, with $TRUMP reaching over $70 before dropping to $40 after Melania's launch.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖