Trump's meme coin crashes 50% after his wife Melania launches her own meme coin

US President-elect Donald Trump's meme coin $TRUMP crashed 50% in value hours after his wife Melania launched her own meme coin $MELANIA. $TRUMP had listed at about $7 on Saturday and rose as high as $75.35 on Sunday, marking a nearly 600% rise in 24 hours. Meanwhile, $MELANIA rose about 2,000% within hours of listing on Monday.