#Trump's wife launches a cryptocurrency.#

Melania Trump, wife of former US President Donald Trump, has launched her own meme coin, Melania, sparking heated discussions in the market. This event led to a drastic decline of over 60% in $TRUMP, the meme coin representing Donald Trump, within 30 minutes, resulting in a market value loss of $7.5 billion. Market analysts believe that the launch of Melania's meme coin is a strategy by the Trump family to cash out and prepare for the release of a series of additional meme coins. This move is expected to divert attention from the initial release, leading to a decrease in the price of $TRUMP. Moreover, the launch of Melania's meme coin has raised concerns about the Trump family's meme coins, with suspicions of a "pump and dump" operation, where the price is artificially inflated to attract investors, followed by a quick sell-off to profit. The market generally views the Trump family's meme coins as a business venture rather than a political act tied to their presidential identity, raising significant uncertainty about their value and future development.