Trump Meme Tokens Plummet Amid Regulatory Scrutiny
The cryptocurrency market has experienced another significant decline with the TRUMP and MELANIA meme tokens experiencing a drastic drop in value.
According to reports, the two tokens tied to the Trump brand plummeted by roughly 92% and nearly 99%, resulting in an estimated loss of $4.3 billion for retail investors.
The collapse has raised concerns over the token design and liquidity structure that favored early participants, allowing them to profit before the price decline.