Launch of TRUMP and MELANIA Memecoins Marks Sector Decline
- The memecoin sector peaked with the launch of TRUMP and MELANIA tokens in mid-January.
- TRUMP and MELANIA coins initially soared in value but quickly plummeted.
- LIBRA, backed by Argentinian President Javier Milei, launched in February, reaching a $4 billion market cap before losing over 95% of its value the same day.
- The memecoin market cap has fallen by 32% since February 3rd, with trading volumes down by 72%.
The CoinGecko report highlights that the introduction of TRUMP and MELANIA memecoins marked the peak of the memecoin craze, as evidenced by a significant decline in market cap and trading volume following their launch.
Source (2.6)https://dailyhodl.com/2025/03/08/launch-of-trump-and-melania-marked-the-memecoin-top-according-to-coingecko/?rand=59076
