Melania Trump’s Meme Coin Plunges 98%, Highlighting Risk in Influencer-Driven Crypto

The launch of Melania Trump’s $MELANIA meme coin saw initial hype, reaching a potential profitability of up to 900%. However, it quickly experienced a sharp drop, plummeting by 98% after the initial excitement. This dramatic volatility highlights the risks associated with influencer-driven ventures in the cryptocurrency market, as well as the speculative nature of meme coins. While its initial success drew attention to speculation, the sudden crash underscores the unpredictable nature of digital assets.