Nigeria, Jan. 20 -- The launch of Melania Trump's meme coin, MELANIA, has sent shockwaves through the crypto market, triggering a sharp decline in the value of the TRUMP coin, the official meme token associated with President-elect Donald Trump.

Key Highlights:

TRUMP Coin Plummets

TRUMP lost over 40% of its value within hours, dropping from $72 to below $39.

This sell-off wiped out $6 billion in market value, leaving TRUMP at $46 by Monday, though still reflecting a 68% increase over the previous 24 hours.

MELANIA Token Debut:

Melania Trump announced the launch of her meme coin, MELANIA, on X (formerly Twitter) and Truth Social, branding it as "live and ready for purchase."

The Solana-based token skyrocketed to a $12 billion market...