Melania Memecoin Plummets 96.76% Amid Insider Claims and Market Concerns

Melania’s meme coin has experienced a dramatic decline, plummeting over 96.76% from its all-time high of $13.73, according to CoinMarketCap. This sharp drop follows allegations of insider trading and mismanagement by market experts, who point to several blockchain analysis firms reporting unusual activities surrounding the coin’s transactions. The token’s current price sits at a mere $0.4406. 5.63% loss was recorded in the intraday time frame. This comes amid a wider downturn in the memecoin market, which has witnessed significant losses across major players like Official Trump and Dogecoin.