Official TRUMP and MELANIA meme tokens crash (92–99%), leaving 2M+ wallets underwater and $4.3B in retail losses
first published 2026-02-23T06:00:46Z
The officially branded TRUMP and MELANIA meme tokens plunged as much as 92–99%, producing an estimated $4.3 billion in retail losses and leaving over 2 million wallets underwater. On-chain data show roughly 45 early wallets captured about $1.2 billion in gains (≈1:20 ratio of insider gains to retail losses). Analysts characterize the move as a classic meme-coin pump-and-dump; lawyers and former regulators disagree on whether securities or consumer-protection laws should prompt an investigation.
AI Analysis
Price collapses of 92–99% produced an estimated $4.3B in retail losses and put more than 2M wallets underwater; blockchain data indicate ~45 early wallets realized ~$1.2B (≈1:20 insider-to-retail loss ratio); analysts call it a classic pump-and-dump and legal experts differ on whether securities or consumer-protection rules apply.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
