Donald Trump and Melania's meme coins, TRUMP and MELANIA, saw a significant surge in value over the weekend, reaching multi-billion-dollar market caps. However, there are several factors suggesting that these tokens may crash in the coming days. Celebrity-themed tokens often experience initial surges followed by retreats, and the "pump and dump" phenomenon is common among meme coins. Additionally, the "buy the rumor, sell the news" phenomenon could lead to a decline in value once the hype settles. The Securities and Exchange Commission's policies and the lack of clear catalysts for TRUMP and MELANIA tokens also pose risks. Technically, the recent surge is part of the Wyckoff's markup phase, which is typically followed by a distribution and markdown phase.



Other News from Today