The trading debut of the World Liberty Financial (WLFI) token has stirred headlines, redirecting focus toward other Trump family-affiliated cryptocurrencies that launched earlier in the year.
The Initial Frenzy
President Donald Trump and First Lady Melania Trump launched their official meme coins just before the presidential inauguration in January.
Both MELANIA and TRUMP soared following their launch, and at their peak, the combined market value of the two assets topped that of leading oil producer Occidental Petroleum Corp. (NYSE:OXY).
In fact, TRUMP reached a fully diluted valuation of nearly $75 billion within two days of its launch, a feat that took several publicly listed corporations years to achieve.
However, the frenzy didn’t last long.
‘What Goes Up, Must Come Down’
TRUMP peaked at $75.35 before falling rapidly. The coin progressively declined over the months, and as of this writing, it was trading 89% below its all-time high. Its fully diluted valuation has collapsed …