Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.

Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility

Melania Coin and Trump Coin, cryptocurrencies tied to the Trump brand, have suffered significant losses, with Melania Coin plunging 70% from its peak and Trump Coin dropping over 40%. The decline is attributed to speculative hype,

Melania Trump’s new $MELANIA token briefly tanked $Trump coin’s value as Bitcoin hits $107K with Trump’s crypto stance fueling market buzz.

The launch of the Trump token, which hit a $15 billion valuation, rides the trend and raises questions. Axios reporter Brady Dale explains what a meme coin is and what owners can actually do with them.

Meme coins have always been divisive, but Trump and Melania’s entry into the space seems to be pushing some retail investors over the edge. A recent Stocktwits poll reveals that 31% of retail investors feel that the creation of these meme coins is driving their dislike for the crypto market,