MELANIA Coin Plummets, SHIB and DOGE Face Challenges – What’s Next for Meme Coins?

The Melania Trump-backed meme coin (MELANIA) has experienced a devastating crash, losing over 98% of its market value from highs of $1.6 billion in January 2025 to just $173 million. This drop coincided with substantial token dumps by team-linked wallets during June, as lawmakers introduced bills aimed at regulating political figures’ involvement in cryptocurrency. These proposed regulations raise concerns about MELANIA’s future on regulated exchanges and its potential delisting. The project also faces centralization issues with 90% of its supply controlled by just ten wallets, while insider selling accusations have further shaken retail investors.