Markets.News
The introduction of the WLFI token on the trading market has caused a stir, shining a spotlight on other cryptocurrencies linked to the Trump family. President Donald Trump and First Lady Melania Trump released their official meme coins in January, just before the presidential inauguration. Both MELANIA and TRUMP experienced a surge in value after their launch, with the combined market worth surpassing that of Occidental Petroleum Corp (NYSE: OXY). TRUMP, in particular, attained a fully diluted value of close to $75 billion within two days, a milestone that typically takes numerous publicly traded companies years to reach. Nonetheless, the excitement was short-lived as TRUMP hit a peak of $75.35 before dropping rapidly. The value of the coin continued to decrease over time, and currently, it is trading 89% below its all-time high, leading to a significant collapse in its fully diluted valuation. More details can be found on Benzinga.com.