Melania and Trump Memecoins Crash—Traders Lose Millions in Brutal Sell-Off
A crypto trader has suffered a massive $15.68 million loss after betting big on Melania Trump’s official memecoin (MELANIA).
How It Happened
📉 The trader bought 14 million MELANIA tokens for $30 million last month, only to sell at a $15.68 million loss this week.
📉 Another investor lost $3.73 million on MELANIA, while a separate trader dumped his TRUMP memecoin holdings at a $24.4 million loss.
📉 MELANIA has crashed 93.5% from its all-time high of $13.05 to just $0.85, while TRUMP is down 83% from its peak of $73.43.
Why This Matters
💥 These massive sell-offs come amid a proposed bill called the MEME Act, introduced by Rep. Sam Liccardo (D-Calif.), aiming to prevent lawmakers from profiting off meme assets.
💥 The bill appears to target Donald Trump, who has made millions from his TRUMP memecoin, despite its billions in lost value since launch.
With memecoin hype fading fast, will these tokens recover, or is the bubble officially bursting?
