Crypto Clash: Melania Trump's introduction of $MELANIA triggered a 40% decline in the value of Donald Trump's $TRUMP token last week. The tokens were unveiled in Washington, D.C. with the intention of utilizing the Trumps' political sway in the cryptocurrency sector.
Market Fallout: The debut of $MELANIA resulted in a $7.5 billion market cap reduction for $TRUMP, impacting investors and underscoring the volatile and cutthroat environment of the crypto market.