IT'S ‘JUST BEGUN'—TRUMP MEME COIN SUDDENLY CRASHES BACK AS MELANIA COIN SHOCK HITS CRYPTO

Summary from the TLDR Crypto newsletter

Only a day after Trump launched his official memecoin, his wife Melania launched her own token, which quickly achieved a $5 billion market cap and caused TRUMP to drop 40%. Generally, online sentiment is negative, with critics believing that the coin demonstrates the Trump family is chasing profits. The Solana blockchain is unable to keep up with an all-time high in demand, with the Phantom wallet struggling to accommodate over 8 million requests per minute.