Donald Trump’s official meme coin, TRUMP, fell sharply late Sunday evening following a post from Melania Trump’s social media accounts promoting what appears to be a crypto tied to her name.
“The Official Melania Meme is live,” a post on Melania Trump’s X account, that Donald Trump has since retweeted, reads. The post was also shared via the incoming First Lady’s Truth Social account.
Dubbed Melania, the Solana-based token has surged more than 12,000% in the last 24 hours to $6.70, DEX Screener data shows. Decrypt has reached out to Trump’s team for additional details.
The Melania Meme token’s distribution model allocates 35% to team vesting with a 13-month release schedule (vesting period), according to the token’s webpage.
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Author: Sebastian Sinclair,Vince Dioquino
