🔥 TRUMP & MELANIA MEMECOINS HIT RECORD LOWS AFTER US MIDTERM ELECTIONS!
Two politically connected crypto tokens are facing serious selling pressure.
What happened?
$TRUMP dropped to a new record low near $1.12.
$MELANIA also reached a record low near $0.059–$0.064.
Both tokens suffered heavy losses despite Bitcoin and Ethereum showing stronger performance during part of the post-election move.
Why is this happening?
Democrats gained control of Congress in the November 3 midterm elections, raising expectations of greater political and regulatory scrutiny of Trump-linked crypto businesses.
Another Interesting Development:
Donald Trump is scheduled to host another gala dinner on November 22 for the top 185 holders of $TRUMP. Following the token's collapse, the cost of qualifying has reportedly fallen dramatically.
What Should Traders Watch?
$TRUMP: Can buyers establish a recovery after the record-low breakdown?
$MELANIA: Will selling pressure continue, or will speculative buyers return?
Political developments and trading volume could influence both tokens.
My Take:
This is a reminder that political hype alone cannot guarantee long-term demand for a cryptocurrency. Both tokens remain highly speculative and carry significant downside risk.
DYOR. Not financial advice.
Two politically connected crypto tokens are facing serious selling pressure.
What happened?
$TRUMP dropped to a new record low near $1.12.
$MELANIA also reached a record low near $0.059–$0.064.
Both tokens suffered heavy losses despite Bitcoin and Ethereum showing stronger performance during part of the post-election move.
Why is this happening?
Democrats gained control of Congress in the November 3 midterm elections, raising expectations of greater political and regulatory scrutiny of Trump-linked crypto businesses.
Another Interesting Development:
Donald Trump is scheduled to host another gala dinner on November 22 for the top 185 holders of $TRUMP. Following the token's collapse, the cost of qualifying has reportedly fallen dramatically.
What Should Traders Watch?
$TRUMP: Can buyers establish a recovery after the record-low breakdown?
$MELANIA: Will selling pressure continue, or will speculative buyers return?
Political developments and trading volume could influence both tokens.
My Take:
This is a reminder that political hype alone cannot guarantee long-term demand for a cryptocurrency. Both tokens remain highly speculative and carry significant downside risk.
DYOR. Not financial advice.
