Melania Trump launches meme coin as crypto rallies on Donald’s return

President-elect’s $Trump coin more than halved in value before steadily recovering on Sunday

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The incoming US first lady, Melania Trump, has followed her husband’s lead by launching a multibillion-dollar cryptocurrency meme coin, amid a rally in digital currencies as he prepares to return to the White House.

The price of the incoming president’s token, $Trump, had tripled to more than $70 (£57), giving it a total value of over $14bn shortly after its launch on Friday. However, the launch of his wife’s coin, $Melania, pared back those gains as investors piled into her rival coin. Continue reading…
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