The launch of meme coins from Donald Trump and his wife Melania triggered a record-breaking crypto rally that has seen the market surge by more than half a trillion dollars over the last week – but both tokens are already experiencing extreme price volatility.
The incoming First Lady, who will enter the White House on Monday, launched a cryptocurrency on Sunday, just one day after her husband released his own $TRUMP meme coin. They have a combined market cap of more than $10 billion, though this has fallen from a peak of $16 billion over the weekend.
