First lady Melania Trump's meme coin plummeted to an all-time low after a major investor sold off $MELANIA tokens and reaped $42.7 million in profit, according to reports.
"$MELANIA has plunged 80% from its peak, hitting a record low of $2.57 after a major whale sell-off. A crypto whale cashed out, making a $42.7M profit, triggering a 32% drop in a day and raising concerns over the token's future," CoinMarketCap reported on Friday.
