Several altcoins are gaining attention today, driven by growing interest in political and celebrity-themed cryptocurrencies. Among the standout performers is TRUMP, Donald Trump’s official coin, which skyrocketed to a $15 billion market cap within just 24 hours of its debut.
MELANIA, a coin referencing Trump’s wife, followed with strong momentum, reaching hundreds of thousands of holders but entering a sharp correction. Meanwhile, Dogelon Mars (ELON), a meme coin related to the image of Elon Musk, saw its price double after weeks of sideways trading, highlighting the growing trend of meme coins tied to influential figures.
Official Trump (TRUMP)TRUMP, Donald Trump’s official coin on Solana, became one of the fastest-growing altcoins ever, reaching a $15 billion market cap and $2 billion in trading volume within 24 hours of its launch. Its explosive debut reflects significant interest as it coincided with Trump’s inauguration.
TRUMP Price Analysis. Source: DexscreenerThe coin now has over 850,000 holders and records more than 60,000 daily transactions. However, TRUMP has been down 34% in the last 24 hours, with key resistance levels at $64.5 and $71.8 if momentum returns.
If the euphoria continues to fade, TRUMP could fall further, testing support at $30.33 and possibly dropping to $15.43.
Melania Meme (MELANIA)MELANIA, a coin referencing Donald Trump’s wife, was launched on Solana just hours after TRUMP, quickly reaching billions in market cap. Its rapid rise shows how political-themed coins could be among the hottest narratives for this week.
MELANIA Price Analysis. Source: DexscreenerThe coin now has over 420,000 holders and a market cap of $868 million, but it has been down 43% in the last six hours. If the correction persists, MELANIA could test support at $3.95, signaling further downside pressure.
On the other hand, renewed hype could push MELANIA to test resistance at $9.36. A breakout above that level might drive the price toward $13.5, reigniting bullish momentum.
Dogelon Mars (ELON)Dogelon Mars (ELON), a meme coin referencing Elon Musk, is trending amidst the buzz surrounding Donald Trump’s inauguration. Musk’s perceived support for Trump has brought renewed attention to Musk-related altcoins, boosting its popularity.
ELON Price Analysis. Source: TradingViewELON, which had been trading sideways for weeks, began surging on January 19, doubling its price in hours and reaching its highest levels since 2022. This shows that this kind of celebrity/political meme coin is on the rise.
If a correction occurs, ELON could test support at $0.00000017, with a risk of further declines below $0.00000010. However, if the hype persists, the coin may rise again to $0.00000068, potentially testing $0.00000090 with a strong uptrend.
TRUMP, MELANIA, and LOFI are three meme coins drawing attention today amid renewed market activity and the Trump Gala Dinner. TRUMP has surged 71.7% over the past month, with its market cap back above $3 billion and trading volume up sharply.
MELANIA is up 12% this week and approaching a potential golden cross, while LOFI has rebounded 9% in the last 24 hours despite ecosystem-wide fallout from the Cetus Protocol hack. All three tokens sit near key support and resistance levels, with volatility expected to remain high.
Melania Meme (MELANIA) Launch Date – January 2025 Total Circulating Supply – 396.29 Million MELANIA Maximum Supply – 1 Billion MELANIA Fully Diluted Valuation (FDV) – $392.49 Million Contract Address – FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P MELANIA, the Trump-themed meme coin, made headlines after launching just one day after the official TRUMP token, skyrocketing to a $1 billion market cap within hours.
However, the hype was short-lived—MELANIA quickly entered a steep correction phase, shedding 90% of its value in the following months.
The dramatic rise and fall exemplified the volatility of politically themed meme tokens, with retail sentiment dominating price action.
MELANIA Price Analysis. Source: TradingView.Now, with the highly anticipated Trump Gala Dinner taking place today, MELANIA is regaining some momentum.
The token is up 12% over the past week, and its EMA lines are nearing a golden cross formation—a potential bullish signal. If the setup confirms, MELANIA could challenge resistance at $0.426 and $0.488, with a possible breakout toward $0.574 if momentum accelerates.
However, downside risks remain: if the $0.382 support fails, the price could retreat to $0.357 or even $0.315.
Official Trump (TRUMP) Launch Date – March 2025 Total Circulating Supply – 199.99 Million TRUMP Maximum Supply – 999.99 Million TRUMP Fully Diluted Valuation (FDV) – $15.42 Billion Contract Address – 0x5c85d6c6825ab4032337f11ee92a72df936b46f6 With the Trump Gala Dinner taking place today, attention is turning once again to the official TRUMP meme coin, which was one of the most hyped meme tokens ever launched.
At its peak, TRUMP’s market cap surged to nearly $9 billion within days, capturing headlines and investor speculation alike. While the initial frenzy cooled, the token still commands significant interest, especially during high-profile Trump-related events.
TRUMP Price Analysis. Source: TradingView.TRUMP has rallied 21.3% in the last seven days and 71.7% over the past month, pushing its market cap back above $3 billion. Trading volume is also up 29% in the last 24 hours, hitting $2.37 billion—another sign of renewed momentum.
Technically, TRUMP is hovering just above a key support at $15.31.
Holding that level could pave the way for a retest of $16.44, while a breakdown might send it lower to $13.60, with deeper downside targets at $12.16 and $10.37 if bearish pressure builds.
LOFI Launch Date – November 2024 Total Circulating Supply – 1 Billion LOFI Maximum Supply – 1 Billion LOFI Fully Diluted Valuation (FDV) – $62.86 Million Contract Address – 0xf22da9a24ad027cccb5f2d496cbe91de953d363513db08a3a734d361c7c17503::LOFI::LOFI LOFI was one of the standout meme coins in the rising SUI ecosystem, riding a wave of retail enthusiasm and outperforming many peers in recent weeks.
However, the ecosystem quickly shifted following the $260 million exploit of Cetus Protocol, the leading liquidity provider on SUI. The attack—linked to an oracle vulnerability and now confirmed as a coordinated exploit—forced Cetus to halt all operations.
The ripple effects were immediate: tokens across the SUI network, including LOFI and HIPPO, experienced price crashes of up to 80%, and liquidity pools remain frozen across multiple platforms.
LOFI Price Analysis. Source: TradingView.Despite the chaos, LOFI has shown signs of life, climbing nearly 9% in the past 24 hours.
If the rebound holds, the token could retest resistance at $0.076, signaling a potential recovery in confidence.
That said, technical risks remain elevated—if LOFI loses the $0.056 support, it could spiral further down to $0.040 or even $0.0275.
Shiba Inu has once again been overlooked for a potential ETF launch in the United States.
The Cboe BZX Exchange seeks to list and trade shares of the Canary PENGU ETF. Yesterday, Cboe submitted its 19b-4 application to the U.S. SEC.
According to the filing, Cboe has indicated its interest in listing and trading shares of the Canay PENGU ETF, which aims to provide investors with indirect exposure to the Solana-based meme coin. Bloomberg ETF analyst Eric Balchunas also confirmed the development in an X post.
The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. pic.twitter.com/852jIPtuvF
— Eric Balchunas (@EricBalchunas) June 25, 2025
Canary PENGU ETF This comes three months after Canary first submitted its S-1 application to launch the PENGU ETF in the U.S. The proposed spot-based exchange-traded fund seeks to invest primarily in the PENGU token and Pudgy Penguins NFTs.
Moreover, the Canary PENGU ETF will hold other digital assets, such as Solana and Ethereum. Notably, this move aims to facilitate the sale and purchase of the ETF’s core holdings, PENGU and Pudgy Penguins NFTs.
While Canary sponsors the ETF, CSC Delaware Trust will be the fund’s trustee. Like most crypto-focused ETFs, the Canary PENGU ETF will be structured as a commodity-based product.
Regulatory Process Commences Notably, Cboe has backed Canary’s PENGU ETF application with a 19b-4 filing, officially commencing the regulatory process for the ETF. Per the filing, Cboe seeks to list and trade shares of the Canary PENGU ETF under BZX Rule 14.11(e)(4).
In the meantime, the SEC is expected to acknowledge the application within two weeks of filing. Afterward, the commission will schedule four separate deadlines to decide whether to reject or approve it.
Shiba Inu Overlooked Despite Growing Demand for SHIB ETF This development comes as asset managers continue to bypass Shiba Inu, focusing instead on other meme coins as potential candidates for spot ETFs.
Firms have submitted ETF applications for Dogecoin (DOGE), Pudgy Penguins (PUDGY), Official Trump (TRUMP), Bonk (BONK), and Official Melania Meme (MELANIA).
However, they have consistently overlooked Shiba Inu, despite calls from its community for a SHIB ETF. As previously reported, the Shiba Inu community petitioned Grayscale on Change.org, urging the digital asset manager to introduce an ETF tied to SHIB. The petition has attracted 11,700 signatures since its introduction last year.
In an effort to attract asset managers, Shiba Inu’s marketing lead, Lucie, published a post on X earlier this year, highlighting why SHIB is worth an ETF. She cited the token’s broad accessibility, resistance to manipulation, and community-driven growth.
Despite these efforts, asset managers have largely continued to overlook Shiba Inu as a potential ETF candidate, favoring other meme coins instead.
Meanwhile, Shiba Inu’s popularity in the meme coin niche and the broader crypto market has continued to grow. It currently ranks as the 19th-largest crypto and the second-largest meme coin, with a market capitalization of $6.88 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
In brief Meme coins are jumping higher after a one-day crypto market downturn. DOGE is leading the category higher, with other top memes like PEPE and SHIB up significantly as well. The official presidential tokens, MELANIA and TRUMP, lead Solana memes following the Pump.fun token launch. Meme coins are once more rising, led by Dogecoin (DOGE), which has climbed 6.7% in the last 24 hours and now more than 18% on the week to $0.20. But other major meme coins have posted much larger gains on the day.
Dogecoin, which ranks 8th among all cryptocurrencies by market capitalization, ranks second in the category with more than $5.7 billion in 24 hour trading volume, trailing only the Ethereum-based Pepe (PEPE) in that metric.
President Donald Trump and First Lady Melania Trump’s official meme coins have gained 10.3% and 32.5% in the last day, respectively. TRUMP and MELANIA are outpacing Dogecoin and the category as a whole, which is up 6.8% in the same timeframe, according to CoinGecko.
The Solana-based tokens lead a growing list of meme coins jumping higher after the launch of PUMP, the official token of the popular Solana meme coin launchpad, Pump.fun. After hosting its initial coin offering (ICO) on Saturday and raising $600 million, PUMP became eligible for trading on Monday and quickly exploded to nearly a $2 billion market cap.
It has since risen even more, jumping nearly 12% in the last 24 hours to a $2.2 billion market cap. That’s enough to rank it #57 among crypto tokens by market capitalization, according to CoinGecko.
The success of PUMP has pulled up other tokens from the Solana trenches as well, including tokens launched on Pump.fun like Unicorn Fart Dust (UFD), Michi (MICHI) and Just a Chill Guy (CHILLGUY)—all of which have jumped more than 10% over the last 24 hours.
BONK too is up 20% in the last 24 hours, adding to the Solana meme coin’s successful month of gains—which now stand at more than 69% as its own token launchpad, a new rival of Pump.fun, continues to gain steam.
And while Solana has been the home to much of the meme coin success over the last year, the rise in ETH’s price has been a boon for Ethereum-based memes as well.
Shiba Inu (SHIB) and Pepe (PEPE), the top two meme coins on the Ethereum blockchain, have jumped 7.9% and 11% respectively in the last 24 hours—only outdone by SPX6900 (SPX), the meme token attempting to flip the market cap of the S&P 500.
The token has jumped nearly 25% in the last 24 hours, setting a new all-time high price of $1.89. However, at a market cap shy of $1.9 billion, it remains well shy of the combined $52.56 trillion market cap of the S&P 500 companies.
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Onchain analytics platform Bubblemaps has published a detailed investigation suggesting that crypto figure Hayden Davis (also known as Kelsier) may have been behind a coordinated snipe of the newly launched $YZY token, allegedly generating $12 million in profits in this Kanye coin scandal.
In brief Bubblemaps alleges Hayden Davis (Kelsier) sniped $YZY through 14 linked wallets, generating $12M in profits. The wallets were funded just before launch, reportedly tied to $57M in unfrozen USDC from the LIBRA collapse. This follows a pattern, as Bubblemaps previously linked Davis to MELANIA and LIBRA token launches. Bubblemaps’ findings on Kanye’s coin In a thread shared on X, Bubblemaps outlined how a cluster of wallets tied to Davis became active immediately before the $YZY launch. The firm claims the addresses were funded from centralized exchanges the day prior, then funneled through CCTP transfers and other shared deposits that ultimately link back to Davis.
According to Bubblemaps’ visualizations, 14 wallets sniped $YZY within one minute of its launch announcement. Collectively, these wallets realized $12 million in profits.
Bubblemaps stressed it cannot confirm whether Davis had insider information or a direct connection to the YZY team, but said the onchain evidence strongly indicates preparation ahead of the launch.
Unfrozen funds raise questions around Hayden Davis The report also highlights the timing of events. Just a day before $YZY went live, a U.S. judge unfroze $57 million in USDC tied to Davis from the collapsed LIBRA project. Bubblemaps described the coincidence as suspicious, alleging that the newly unlocked funds could have been used to fuel the $YZY trades.
Not Davis’ first rodeo This is not the first time Bubblemaps has tied Davis to controversial launches. The analytics firm has previously linked him to MELANIA and LIBRA, two short-lived tokens that collapsed after initial hype. In its latest report, Bubblemaps concluded that Davis’ alleged involvement in $YZY fits the same pattern: rapid funding, aggressive sniping, and outsized profits. For now, Davis has not publicly responded to the allegations, and the $YZY team has remained silent.
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Gijs O.
I've been passionate about crypto for nearly a decade, ever since I was young and first became curious about investing. That early spark led me to years of research, writing, and exploring the future of decentralized tech.
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At the Trumps, crypto is no longer a hobby, it’s almost a totem. Donald has his memecoin. Melania Trump too, with her MELANIA token. And the sons? They invest between Bitcoin, Ethereum and NFTs. In this dynasty where buzz is a second nature, digital technology is now part of the heritage. Latest twist: Melania Trump returns to the spotlight… with an AI-generated video to relaunch a project that has nevertheless plummeted 98% since January.
In brief Melania Trump relaunched her memecoin after ten months of total silence on social media. The team reportedly sold 30 million community tokens without providing a clear explanation. The MELANIA token has lost 98% of its value since its launch last January. 92% of the total supply is concentrated in wallets linked to the project team. Radio silence and 30 million less: Melania Trump plays the AI card Ten months without a word. Then a tweet. A video generated by artificial intelligence. That’s how Melania Trump revived the MELANIA memecoin, lost in the depths of the crypto market. Posted on October 1st on X, the sequence shows her emerging from the digital void, with a cryptic promise: “Into the Future.”
Result? The token gains 12%, reaching $0.19, before plunging again the next minute.
But behind the futuristic aesthetics hides a much less flattering reality. In April, the team behind the project quietly moved $30 million worth of tokens from community wallets. No justification was given. The company MKT World LLC, supposed to lead the initiative, remains silent. Meanwhile, Bubblemaps does not give up.
In a scathing tweet, the platform denounces: ” Melania Trump does not respond to the 10 million community tokens sold by team wallets. Just an AI video after 10 months of silence“.
The presidential memecoin: between lightning crash and organized suspicions Launched in January 2025, MELANIA had everything to cause a sensation. A powerful name, a launch orchestrated 48 hours after that of the TRUMP memecoin, and a meteoric rise to $13.73 per unit. But in a few days, the price collapsed under profit-taking and questionable strategies.
Bubblemaps’ analyses are damning. Barely two minutes before the official announcement, 24 wallets acquired 33% of the total supply. An operation that looks more like a trap than a fair launch. Then, between April and June, 82 million tokens were sold through 44 different wallets. Estimated value: over $35 million. All spread across Solana, Arbitrum, and Avalanche.
At the controls of this mess: Hayden Davis. This name is not unknown. Already involved in the LIBRA scandal, where $4 billion vanished in two days. Davis returned to his old habits: liquidity manipulation, fragmented sales, market siphoning before the crash. Meanwhile, Melania Trump maintains her silence. A well-oiled strategy.
Between red numbers and crypto hype: the double life of MELANIA Melania Trump’s memecoin is a textbook case: it combines glamour, opacity, and well-crafted manipulation. To understand it clearly, nothing beats some precise figures.
The 5 numbers that speak volumes 98% loss since the historical peak in January ($13.73 → $0.18 today); $30 million moved without communication by the team, according to Bubblemaps; 12% increase on the day Melania returned to X, followed by an immediate relapse; 92% of the total supply controlled by internal wallets, according to on-chain data; 24 wallets bought a third of the supply, 150 seconds before the public announcement. Beyond the numbers, MELANIA has become a showcase of crypto abuses: orchestrated hype, hidden internal sales, then founders’ disappearance. Yet, the token continues to attract attention. Why? Because the name “Trump” is still enough to capture the spotlight. Even if behind the AI smoke screen, it’s the insiders’ code that rules. And in this game, small investors often foot the bill.
At 19, Barron Trump is already a multimillionaire. Thanks to crypto, which he adopted very early. His brothers followed, also sensing the potential of these digital assets. In this family, decentralized finance has become a battlefield as strategic as politics. And every token launched is a bet on the future… or on oblivion.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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The team wallet moved 30 million MELANIA meme coins in April. Questions about silent sale resurfaced after Melania Trump shared X post published by the meme coin’s page. MELANIA is down by 90.89% since January 2025. MELANIA meme coin has lost over 90% of its value since January 2025. The decline is largely credited to the activity that was flagged a couple of weeks ago. Questions around significant sales by team wallet are starting to pick up pace once again. While the token has indeed gained value in recent hours, it remains to be seen if the Solana-based cryptocurrency ever sees upticks.
MELANIA Meme Coin Continues on a Lower Call The decline of the MELANIA token technically commenced in February 2025, when it noted a steep decline from $3.7946 to $1.9332. But, it was only in April 2025 that the meme coin, co-created by Hayden Davis, came under fire.
It was reported by Bubblemaps that funds worth approximately $30 million were moved from community funds. The report added that they were being silently sold, and the team did not offer any explanation to the community. That made up for almost 50 million MELANIA meme tokens at that moment.
Lookonchain also reported around that time that the team had employed DCA strategy to sell the token. It is estimated that more than 3.1 million tokens were sold under the DCA strategy within 3 days. The incident, even though weeks old, resurfaced when the official X account of MELANIA token posted a video with the caption, Into the future.
MELANIA price continues to play a downtrend since the time the original report broke out. The recent X post, shared by Melania Trump on her profile, has reignited discussions around it.
Ongoing MELANIA Price MELANIA meme coin is currently down by 90.89% since January 2025, and is exchanging hands at $0.1818. The 24-hour trading volume has also plummeted by 27.42% to hover around $7.16 million. However, MELANIA price has soared by 11.48% over the past 7 days. It last achieved an ATH of $13.73 on January 20, 2025. The meme coin is now down by 98.67% from its all-time high milestone.
The MELANIA price is now testing crucial levels of $0.189148 and $0.173347, as its resistance and support margins, respectively. Notably, the all-time low value of MELANIA is $0.1598, and the meme coin is only 14.22% above that mark.
MELANIA Price Corrections Expected Short-term estimates underline that MELANIA token may undergo a correction of 25.07% in the next 30 days. That would take the value to around $0.137997. Price prediction also underlines that the next 5 days could see a decline of 23.19% to $0.141451. Overall sentiments are bearish amid the volatility of 7.53%, and the FGI rating of 63 points.
The majority of the Oscillators are neutral. That said, it is important to note that the contents of this article are neither recommendations nor advice for crypto trading. Do thorough research and risk assessment before engagement.
Highlighted Crypto News Today:
42% Bloodbath for MYX Finance (MYX): Is the Worst Behind or Yet to Come?
Curious by nature, Ankur's core topic is Web3, but he's a versatile writer who can cover many more subjects. If you catch up with him in his free time, you'll find discussions often center around different movies and TV series. He's an easy person to talk to—you can literally chat with him about anything.
Former New York City Mayor Eric Adams launched a NYC meme coin on Monday, which surged to a $580 million market cap before crashing 81% to $110 million as a wallet linked to the deployer pulled $2.5 million in liquidity at the peak.
NYC Token Hits $580M Then Collapses In MinutesThe token rocketed from launch to a $580 million market cap within minutes before plummeting 81% as nearly $500 million in value evaporated.
Analytics firm Bubblemaps identified suspicious activity by wallet 9Ty4M, which created one-sided liquidity pools on Meteora.
The wallet removed approximately $2.5 million in USDC at the peak, then added back $1.5 million after a 60% drop with no explanation for the liquidity moves.
Moreover, one trader lost $473,500 (a 63.5% loss) in under 20 minutes as panic selling hit the token.
Blockchain data shows the wallet linked to the token deployer pulled $3.18 million USDC from the liquidity pool right as price peaked.
Adams Calls It A ‘Commemorative Asset’ For Social CausesAdams said during the Fox Business interview that “a substantial amount of the money raised” would go to nonprofits, historically black universities, and scholarships for New York City students from underserved communities.
He’s not currently taking a salary but said that decision could change later.
The token has a maximum supply of 1 billion coins, with 80 million available at launch expanding to 300 million in circulation.
The official website describes NYC Token as representing “the spirit of New York City—innovation, diversity, and the drive to succeed.”
However, critical details like project partners and a whitepaper are missing from the website, prompting questions about transparency.
Pattern Matches Argentine President’s Failed LIBRA TokenThe collapse echoes last year’s LIBRA token promoted by Argentine President Javier Milei, which crashed after similar liquidity manipulation and led to fraud and racketeering class-action lawsuits.
Bubblemaps said the liquidity manipulation closely mirrors the LIBRA launch, when actors also heavily manipulated liquidity.
The pattern of politician-backed memecoins launching with fanfare then immediately collapsing is becoming a concerning trend.
He hosted NYC’s inaugural Crypto Summit last year and established the Office of Digital Assets and Blockchain Technology, vowing to make New York “the crypto capital of the globe.”
Political Memecoins Face Growing ScrutinySenator Adam Schiff (D-CA) is among lawmakers calling for ethics rules preventing public officials from profiting on crypto ties as a market structure bill approaches Thursday’s markup vote.
These tokens raise concerns because they can be used to corrupt elected officials.
A federal judge dismissed Adams' corruption charges in April at the Department of Justice's request under President Trump.
Image: Shutterstock
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The Trump family’s entry into the crypto industry has become a cautionary event for retail investors. Specifically, both Melania Meme ($MELANIA) and Official Trump ($TRUMP) tokens have gone through extreme dips since their launch. As per the data from CryptoRank, $MELANIA and $TRUMP tokens have plummeted to $0.123 and $3.66. Majorly, the retail investors have absorbed the losses during the crash, while the insiders have potentially gone away with gains.
Trump Memecoins: How Insiders Pocketed Millions While Retail Investors Lost Billions
The official $TRUMP and $MELANIA tokens have collapsed 92% and 99% from their all-time highs, respectively, and the damage to retail investors has been staggering. While insiders cashed out over… pic.twitter.com/qyWswzRgFv
— CryptoRank.io (@CryptoRank_io) February 20, 2026 $MELANIA and $TRUMP Tokens Collapse, Retail Losses While Insiders Gain Based on the market data, Melania Meme ($MELANIA) and Official Trump ($TRUMP) tokens have dropped by 98.8% and 91.8%. These staggering price plunges have struck the retail investors with significant losses. As a result of this, the $MELANIA’s price has hit $0.123, and $TRUMP now accounts for $3.66 in price while insiders have reportedly made notable profits by dumping their holdings.
The disparity existing between retail losses and insider gains is stark. In this respect, insiders collected more than $600M via token sales and fees. On the other hand, the ordinary investors experienced losses at a huge 20-to-1 ratio. So, the retail investors lost $20 for every dollar earned by insiders. This pushed the cumulative retail losses above the $4.3B mark.
At the moment, almost 2M wallets are still in the negative zone, suggesting a catastrophic effect on small-scale investors, those who purchased into the massive hype of $MELANIA and $TRUMP tokens. Fueling this controversy, only forty-five whale wallets remained successful in extracting a total $1.2B. This underscores the wealth concentration among a few wallets. Moreover, there is a speculation of a potential continuation of this sell-off because $2.7B in terms of insider holdings will remain locked until the year 2028.
Further Sell-Off Threat Looms as Billions Stay Locked in Insider Token Holdings According to CryptoRank, $TRUMP witnessed a sheer initial drop, leading to an extended halt at considerably low price levels. Additionally, the trajectory of $MELANIA has also become cautious. The respective performance patterns indicate caution over the plunging investor confidence as well as the wider skepticism in the case of celebrity-led memecoins. Overall, with billions locked in diverse insider wallets, there is a noteworthy threat of more sell-offs.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
