Trump and Melania Memecoins Reach $17 Billion Market Cap Before Sell-Off
TRUMP and MELANIA memecoins launched, reaching a combined market cap over $17 billion, surpassing SHIB and AVAX. This surge was fueled by capital reallocation from existing memecoins as investors shifted funds.
- Investors reported overnight millionaire status, but memecoins lack inherent utility.
- TRUMP dropped 58% in value after MELANIA's release, now valued at $11 billion.
- Combined losses from major memecoins like DOGE, SHIB, and PEPE total $13.5 billion.
- Retail investors face significant risks, with many already down 30% after Sunday purchases.
- Regulatory issues persist, as seen with the HAWK memecoin incident.
- Copycat tokens under names like BARRON and IVANKA have lost over 95% of value shortly after launch.
- One trader shorted TRUMP at $67, anticipating further decline.
Market cap calculations reflect circulating supply times asset price, yet liquidity affects actual sellability. Investors should be cautious due to high volatility and speculative nature of memecoins.