After Donald Trump launched meme coins TRUMP and MELANIA, both tokens experienced significant price fluctuations. The TRUMP token saw a peak of over $75 before dropping almost 57% to $33. A wallet named Ansem suffered a loss of $2.55 million after selling its TRUMP holdings. Similarly, a whale purchased MELANIA tokens for $5.1 million but now faces a floating loss of $3.53 million as the token's value declined. Despite the losses, some traders claim to have become overnight millionaires from these tokens. The launch of these tokens has sparked criticism, with accusations of a conflict of interest. Meme coins are expected to be a dominant trend in the crypto space, according to the CEO of CryptoQuant.



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