#Trump Meme Coin Goes Viral#

The meme coin craze surrounding the Trump family continues to heat up. After Donald Trump launched his "TRUMP" coin, his wife Melania followed suit with the launch of "MELANIA" coin, causing a huge sensation in the crypto world. MELANIA coin saw over $1 billion in trading volume in just four hours, with its price skyrocketing over 24,000%. The market cap reached a staggering $7.88 billion, shaking up the entire meme coin market. This event also led to a short-term drop in SOL price below $240, halved the price of TRUMP coin to $37.35, and triggered a massive liquidation across the network, with over $1.071 billion liquidated in the past 24 hours.Many believe that this move by the Trump family is a blatant attempt to "scam" investors. They argue that the family is using their influence to drain liquidity from the crypto market, resulting in numerous retail investors being liquidated. Others see this as a free market action, with individuals issuing their own currencies to challenge government monopolies on currency issuance, potentially opening a new era of currency de-nationalization in the crypto world.The market remains cautious about the future of Trump family meme coins. Some believe that this model is unsustainable and may lead to an oversaturation of the market with similar meme coins. However, others argue that the launch of Trump family meme coins could propel the crypto industry forward and attract more people into the field.